Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1915 Wesley Rd Auburn, IN 46706-3665

    • Medical offices
    • 2,318 SF
    • 4.78 lot acres
    OFF-MARKET
    Last Sale
    Apr 10, 2024
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    7.9%
    Medical offices
    Location Intelligence
    Property ID
    US31-1260583
    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.

    Current Use by Public Records

    • Auburn Birthing Center / Birth Center / Obstetrician-Gynecologist

    Property Details for 1915 Wesley Rd

    Year built
    2010
    Construction
    WOOD
    Lot size
    4.78 lot acres
    Property size
    2,318 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    17-06-28-401-026.000-025
    APU
    170628401026000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $280,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $170,000
      RETAIL STORES
      $160,000
      AUTO REPAIR, GARAGE
      $150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Dekalb
    State
    Indiana
    Longitude
    -85.0288
    Latitude
    41.3712
    CBSA code
    12140
    CBSA name
    AUBURN, 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
    $7,190
    $82,100
    $216,600
    $298,700
    -
    $82,100
    $216,600
    $298,700

    Comparable in this City

    • Value Estimation
      $385,000
      6,914 SF

      750 Grandstaff Dr

      MEDICAL BUILDING • 6,914 SF
      750 Grandstaff Dr, Auburn, IN 46706-1665
      View Details
    • Value Estimation
      $240,000
      3,330 SF

      705 Grandstaff Dr

      MEDICAL BUILDING • 3,330 SF
      705 Grandstaff Dr, Auburn, IN 46706-1676
      View Details
    • Value Estimation
      $290,000
      4,438 SF

      2146 State Rd 8th 8

      MEDICAL BUILDING • 4,438 SF
      2146 State Rd 8th 8, Auburn, IN 46706-9548
      View Details
    • Value Estimation
      $900,000
      15,960 SF

      820 Smaltz Way

      MEDICAL BUILDING • 15,960 SF
      820 Smaltz Way, Auburn, IN 46706-0608
      View Details
    • Value Estimation
      $340,000
      9,274 SF

      405 Smith Dr, Unit 411

      MEDICAL BUILDING • 9,274 SF
      405 Smith Dr, Auburn, IN 46706-3655
      View Details
    • Value Estimation
      $320,000
      8,454 SF

      1100 Main St

      MEDICAL BUILDING • 8,454 SF
      1100 Main St, Auburn, IN 46706-1240
      View Details

    Similar Nearby for Sale

    • $225,000
      18,332 SF

      Auburn Office Condos For Sale

      Six Units, 18,332 sq ft, Great Location
      1326-1350 Grandstaff Dr, Auburn, IN 46706
      View Details
    • $225,000
      2,304 SF

      Auburn Professional Village Office Condo

      Office condos for sale in Auburn Professional Village.
      1348 South Grandstaff Dr, Auburn, IN 46706
      View Details
    • $225,000
      2,376 SF

      Auburn Professional Village Office Condo

      Office condos for sale, ideal for growing businesses.
      1344 South Grandstaff Dr, Auburn, IN 46706
      View Details
    • $225,000
      2,544 SF

      Auburn Professional Village Office Condo

      Office condos for sale in Auburn Professional Village.
      1350 South Grandstaff Dr, Auburn, IN 46706
      View Details
    • $550,000
      11,000 SF

      Downtown Auburn Mixed-Use Building

      Mixed-use commercial building in Auburn's Revitalization District.
      125 W 8Th St, Auburn, IN 46706
      View Details
    • $225,000
      3,096 SF

      Office Condos in Auburn Village

      Office condos for sale, ideal for growing businesses.
      1346 South Grandstaff Dr, Auburn, IN 46706
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,670 SF

      Modern Office Space in Auburn

      Professional office space with customizable floor plans and modern amenities.
      1568 Shook Dr, Auburn, IN 46706
      View Details
    • $13 SF/Yr
      15,984 SF

      Auburn Shoppes Retail Space

      1,584 SF Retail Suite - Prime Auburn Location
      1047 Smaltz Way, Auburn, IN 46706
      View Details
    • $22 SF/Yr
      2,016 SF

      Auburn Retail Space - Prime Location

      Versatile 2,016 sq ft retail/office space
      403 Erie Pass, Auburn, IN 46706
      View Details
    • $14 SF/Yr
      15,000 SF

      Retail Space in Auburn, Indiana

      Retail property with high visibility and access to I-69.
      1030 W 7Th St, Auburn, IN 46706
      View Details
    • Contact for pricing
      8,464 SF

      Prime Retail/Office Location in Auburn

      Build-to-suit lots in Auburn Shoppes with high visibility.
      1031 Smaltz Way, Auburn, IN 46706
      View Details
    • $25 SF/Yr
      1,488 SF

      New Retail Space in Auburn

      New construction retail space with high visibility and traffic.
      523 W 7Th St, Auburn, IN 46706
      View Details
    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.
    1915 Wesley Rd
    Auburn, IN 46706-3665
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.