Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1530 S Walnut St South Bend, IN 46619
    Back to Search
    Property profile & analytics

    1530 S Walnut St, South Bend, IN 46619

    View on Map
    • Office Spaces
    • 936 SF
    • 1.20 lot acres
    For Sale
    $189,000
    View Listing →
    South Bend Mixed-Use Opportunity For Sale
    $189,000
    1.21 Acres

    South Bend Mixed-Use Opportunity

    Unique mixed-use property with high visibility and endless opportunities.

    1530 S Walnut Street, South Bend, IN 46619
    View Listing
    Property ID
    US31-1462672
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1530 S Walnut St

    Year built
    1949
    Construction
    WOOD
    Lot size
    1.20 lot acres
    Property type
    Office Spaces
    APN
    71-08-14-154-002.000-026
    APU
    710814154002000026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2022 — Democracy & Human Right For Africa Adam Ali Babikir Quit Claim Deed · related —
    Jun 21, 2021 — Adam Ali Babikir — Deed · related $37k · Edward G Sara
    Jun 10, 2021 — Edward S Sara St Joseph County Sheriff Sheriffs Deed · related —
    May 25, 2021 $37,048 Edward G Sara St Joseph County Sheriff Sheriffs Deed · related —
    Aug 1, 2017 — John Waggler Warner Coffy Edward S Sara Quit Claim Deed · related $35k · Edward G Sara
    Jan 7, 2016 — Edward G Sara Remote Controls INC Quit Claim Deed · related —
    Dec 6, 2012 — Remote Controls INC Freedom Realtys LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2707
    Latitude
    41.6581
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN 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
    $2,007
    $24,400
    $34,900
    $59,300
    -
    $24,400
    $34,900
    $59,300

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      323 Bendix Dr

      OFFICE (GENERAL)
      323 Bendix Dr, South Bend, IN 46619-2005
      View Details
    • Value Estimation by Request
      2,128 SF

      Pkwy 1st Lot

      OFFICE (GENERAL)
      Pkwy 1st Lot, South Bend, IN 46619
      View Details
    • Value Estimation
      $2,010,000
      60,800 SF

      2015 Western Ave

      OFFICE (GENERAL)
      2015 Western Ave, South Bend, IN 46619-3544
      View Details
    • Value Estimation by Request
      2,111 SF

      56436 Strasser Ln

      OFFICE (GENERAL)
      56436 Strasser Ln, South Bend, IN 46619-2212
      View Details
    • Value Estimation by Request
      1,680 SF

      1541 Dunham St

      OFFICE (GENERAL)
      1541 Dunham St, South Bend, IN 46619-3815
      View Details
    • Value Estimation by Request
      25.55 Acres

      4747 Washington St

      OFFICE (GENERAL)
      4747 Washington St, South Bend, IN 46619-2321
      View Details

    Similar Nearby for Sale

    • $189,000
      Pending

      South Bend Mixed-Use Opportunity

      Unique mixed-use property with high visibility and endless opportunities.
      1530 S Walnut St, South Bend, IN 46619
      View Details
    • Contact for pricing
      112,250 SF

      Modern Industrial Facility For Sale

      Purpose-built industrial facility designed for manufacturing, storage, and distribution.
      445 N Sheridan St, South Bend, IN 46619
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Land in South Bend

      0.18 acres of land in a high-demand location.
      3814 Belle Vis, South Bend, IN 46619
      View Details
    • $1,000,000
      82,764 SF

      Commercial Corner Lots Redevelopment Potential

      Prime commercial land with high visibility and redevelopment potential.
      59374 Mayflower Rd, South Bend, IN 46619
      View Details
    • $125,000
      744 SF

      Western Avenue Commercial Building

      744 sq ft commercial building on Western Avenue, South Bend.
      4122 W Western Ave, South Bend, IN 46619
      View Details
    • Contact for pricing
      114,020 SF

      South Bend Redevelopment Opportunity

      Industrial land with redevelopment potential and rail access.
      3602 W Sample St, South Bend, IN 46619
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr

      Retail Space Near Major Interchange

      Retail development with spaces available, anchored by Starbucks.
      4921 W Western Ave, South Bend, IN 46619
      View Details
    • Contact for pricing

      Retail Space in Starbucks Center

      2,275 SF endcap in high-traffic South Bend location.
      4921 W Western Ave, South Bend, IN 46619
      View Details
    • $29 SF/Yr
      6,225 SF

      Prime South Bend Retail Space

      Modern Retail Center, 3 Suites Available
      4921 Western Ave, South Bend, IN 46619
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1530 S Walnut St
    South Bend, IN 46619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1530 S Walnut St, South Bend, IN, 46619
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!