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Property profile & analytics
OFF-MARKET
Estimated value
$5,320,000
Medical Office Space
1540 Trinity Pl, Mishawaka, IN 46545-5006
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-3254830
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
STEEL FRAME
Total area
86,058 SF
Lot
15.88 ac (691,733 SF)
APN
71-04-34-376-017.000-022
UPID
US31-3254830
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
-
Vetran Amins. 1540 Trinity Place Hospital
-
Anne Cuthbert, RN, MSN, FNP-C Pediatrician Physician
-
Jeffrey Eck, MD Pediatrician Physician
-
Robert Binkley Physician
-
St. Joseph County Health Care Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$5.32M
Owner & transaction history
EGP 1540 SOUTH BEND LLC
EGP 1540 SOUTH BEND LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.2M
+90.0%
Auto repair, garage
$6.1M
+60.2%
Apartment house (5+ units)
$6.0M
+57.7%
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 Mishawaka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mishawaka 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
$3,810,000
Current use
COMMERCIAL (GENERAL)
$7,240,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,105,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,005,000
Change: +58% · Conversion: Moderate
RESTAURANT
$5,700,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$4,655,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,860,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$5.32M
Range $4.79M – $5.85M · ±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
$62 / 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
$326,941
Tax year 2023
Assessed value
$10,886,500
Assessed 2023
Previous assessed
$10,886,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,647,300
Assessed improvement
$9,239,200
Land market value
$1,647,300
Improvement market value
$9,239,200
Total market value
$10,886,500
Applied tax rate
22.0000
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
2016
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
86,058 SF
Lot
15.88 ac (691,733 SF)
APN
71-04-34-376-017.000-022
UPID
US31-3254830
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
RESTAURANT
Est. value
$5.7M
RETAIL STORES
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
15.88 ac
Current owner
From public records · entity-resolved
EGP 1540 SOUTH BEND LLC
Entity
Free & Clear · 0 yrs held
Mailing address
WASHINGTON, DC 20006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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