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    1510 Wohlert St Angola, IN 46703-1063
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    1510 Wohlert St Angola, IN 46703-1063

    View on Map
    • Manufacturing properties
    • 39,680 SF
    • 3.10 lot acres
    Off-Market
    Property ID
    US31-1925985
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1510 Wohlert St

    Year built
    1985
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.10 lot acres
    Property size
    39,680 SF
    Property type
    Manufacturing properties
    APN
    76-06-23-210-111.000-012
    APU
    760623210111000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $951,000
      Market price range: $431k - $1.75M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,200,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -85.0034
    Latitude
    41.654
    CBSA code
    11420
    CBSA name
    ANGOLA, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,622
    $162,800
    $624,600
    $787,400
    -
    $162,800
    $624,600
    $787,400

    Comparable in this City

    • Value Estimation
      $2,900,000
      133,550 SF

      2999 Wayne St

      MANUFACTURING (LIGHT) • 133,550 SF
      2999 Wayne St, Angola, IN 46703-9122
      View Details
    • Value Estimation by Request
      10,152 SF

      410 Weatherhead St

      HEAVY MANUFACTURING • 10,152 SF
      410 Weatherhead St, Angola, IN 46703-1025
      View Details
    • Value Estimation
      $2,150,000
      134,928 SF

      1501 Wohlert St

      MANUFACTURING (LIGHT) • 134,928 SF
      1501 Wohlert St, Angola, IN 46703-1064
      View Details
    • Value Estimation
      $1,655,000
      92,762 SF

      503 Weatherhead St

      MANUFACTURING (LIGHT) • 92,762 SF
      503 Weatherhead St, Angola, IN 46703-1057
      View Details
    • Value Estimation
      $540,000
      28,426 SF

      1023 Wayne St

      MANUFACTURING (LIGHT) • 28,426 SF
      1023 Wayne St, Angola, IN 46703-2163
      View Details
    • Value Estimation by Request
      3,200 SF

      1301 Wohlert St

      MANUFACTURING (LIGHT) • 3,200 SF
      1301 Wohlert St, Angola, IN 46703-1060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,880 SF

      Mixed-Use Building With Warehouse Space

      2880 SF mixed-use building featuring offices and warehouse space.
      207 W Harcourt Rd, Angola, IN 46703
      View Details
    • $308,800
      0.44 Acres

      Mixed-Use Building in Angola, Indiana

      2880 SF mixed-use building with offices and warehouse space.
      207 W Harcourt Rd, Angola, IN 46703
      View Details
    • Contact for pricing
      0.07 Acres

      Commercial Land in Downtown Angola

      Commercial land in downtown Angola, Indiana, near public parking.
      107 West St S, Angola, IN 46703
      View Details
    • $134,900
      7.22 Acres

      Angola Land Ready for Development

      7.22 acres in Angola, ideal for residential development.
      Redding Rd, Angola, IN 46703
      View Details
    • $368,800
      0.44 Acres

      Mixed-Use Building on Corner Lot

      3610 sq ft mixed-use building with offices and drive-thru.
      1800 Wohlert St, Angola, IN 46703
      View Details
    • Contact for pricing

      Prime Land Near US Highway

      Land with highway frontage, tillable ground, and wooded acreage.
      W Us Highway 20 S, Angola, IN 46703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,330 SF

      Angola Warehouse Space Available

      48,330 SF warehouse space for lease in Angola, Indiana.
      701 W Mill St, Angola, IN 46703
      View Details
    • $16,438 /Mo
      17,280 SF

      Angola Industrial Warehouse with Loading

      Industrial warehouse space available for sublease in Angola, Indiana.
      300 Industrial Dr St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail Center Near Major Anchors

      26,450 SF retail center with high visibility and access.
      3308 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Country Fair Plaza Retail Space

      Premier shopping destination in Angola, Indiana with strong anchor tenants.
      1801 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail or Office Location

      Retail or office suites with high visibility and traffic counts.
      1202 W Maumee St, Angola, IN 46703
      View Details
    • $12 SF/Yr
      2,410 SF

      Retail Space Near Trine University

      Retail space with high visibility near Trine University for lease.
      1202 W Maumee St, Angola, IN 46703
      View Details
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    Angola, IN 46703-1063
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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