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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Medical Office Space
1520 Provident Dr Warsaw, IN 46580-3291
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US31-1599045
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
WOOD
Total area
11,395 SF
Lot
1.98 ac (86,249 SF)
Zoning code
M-1 M
APN
43-11-04-200-228.000-032
UPID
US31-1599045
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Xiao Lin - Radiation Oncology Associates Physician
-
Lisa Guzman, FNP-BC Physician
-
R. Prasad Mantravadi - Radiation Oncology Associates Physician
-
LuAnn Deafenbaugh, NP Physician
-
Kch Cancer Care Center: Chung Thomas MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1,000k
Blend (final)
Blend
$1.03M
Owner & transaction history
Cancer Center Developers LLC · 10 yrs held
Cancer Center Developers LLC
since 2016
1 recorded transaction
Zoning & alternative use
M-1 M · Warsaw, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$915,000
+24.5%
Retail stores
$875,000
+19.3%
Apartment house (5+ units)
$865,000
+17.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
RESTAURANT
$915,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,791
Tax year 2023
Assessed value
$1,004,800
Assessed 2023
Previous assessed
$1,004,800
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$174,200
Assessed improvement
$830,600
Land market value
$174,200
Improvement market value
$830,600
Total market value
$1,004,800
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,395 SF
Lot
1.98 ac (86,249 SF)
Zoning code
M-1 M
APN
43-11-04-200-228.000-032
UPID
US31-1599045
Jurisdiction
KOSCIUSKO
Zoning & alternative use
M-1 M · Warsaw, INZoning M-1 M · permitted uses
M-1 M · Warsaw, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$735,000
RESTAURANT
Est. value
$915,000
RETAIL STORES
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$730,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Cancer Center Developers LLC
Entity
Mailing address
PO BOX 8040, FORT WAYNE, IN 46898-8040
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2016
—
Cancer Center Developers LLC
—
Deed
related
$1,650,000 · Thomas A Irmscher Etal
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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