Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1960 Westwood Dr Angola, IN 46703-8639
    Back to Search
    Property profile & analytics

    1960 Westwood Dr, Angola, IN 46703-8639

    View on Map
    • Medical Office Space
    • 1,600 SF
    • 0.75 lot acres
    Off-Market
    Property ID
    US31-2393480
    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

    • Medical Office Space

    Property Details for 1960 Westwood Dr

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.75 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    76-06-27-000-028.040-012
    APU
    760627000028040012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2019 — Gasdorf Family Chiropractic PC — Deed · related $201k · Midwest America FCU

    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
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -85.0268
    Latitude
    41.6356
    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
    $4,695
    $103,100
    $150,300
    $253,400
    -
    $103,100
    $150,300
    $253,400

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      210 Wayne St

      MEDICAL BUILDING
      210 Wayne St, Angola, IN 46703
      View Details
    • Value Estimation
      $545,000
      7,509 SF

      1381 Wayne St

      MEDICAL BUILDING
      1381 Wayne St, Angola, IN 46703-2348
      View Details
    • Value Estimation by Request
      5,648 SF

      200 Growth Pkwy

      MEDICAL BUILDING
      200 Growth Pkwy, Angola, IN 46703-9331
      View Details
    • Value Estimation by Request
      4,488 SF

      1500 Maumee St

      MEDICAL BUILDING
      1500 Maumee St, Angola, IN 46703-8605
      View Details
    • Value Estimation by Request
      1,708 SF

      204 Wayne St

      MEDICAL BUILDING
      204 Wayne St, Angola, IN 46703-1937
      View Details
    • Value Estimation by Request
      3,134 SF

      1109 Maumee St

      MEDICAL BUILDING
      1109 Maumee St, Angola, IN 46703-1329
      View Details

    Similar Nearby for Sale

    • New
      $499,900
      0.29 Acres

      Spacious Office Building with Parking

      Multi-level office layout with private offices, meeting space, and strong parking for professional or healthcare use.
      300 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing
      2,156 SF

      North Wayne Street Office Building

      Office building for sale with high traffic volume.
      511 N Wayne St, Angola, IN 46703
      View Details
    • $367,500
      1.40 Acres

      Retail/Office Building Near I-69

      Retail and office building located near I-69 exit.
      3725 N Sr 127 St, Angola, IN 46703
      View Details
    • $299,900
      1.20 Acres

      Angola Commercial Land - $299,900

      High-traffic Angola land, ideal for development.
      3095 Wayne St, Angola, IN 46703
      View Details
    • 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
    • Contact for pricing
      1,395 SF

      Corner Lot Mixed-Use Property

      Mixed-use property on a corner lot, ideal for development.
      908 N Wayne St, Angola, IN 46703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail spaces available within high-traffic Meijer stores.
      2990 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing
      2,851 SF

      Office Space in Angola, Indiana

      Multi-tenant office property with convenient access to I-69.
      330 Intertech Pkwy, Angola, IN 46703
      View Details
    • $800 /Mo
      6,580 SF

      Angola Office Space For Rent

      Office space available on a high visibility street in Angola.
      603 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing
      3,382 SF

      Office Space in Angola

      3,382 SF office space in a brick building.
      118 W Maumee St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail/Office Building Near I-69

      Multi-tenant building with retail and office spaces, I-69 access.
      202 E Harcourt Rd, Angola, IN 46703
      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.
    1960 Westwood Dr
    Angola, IN 46703-8639
    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
    1960 Westwood Dr, Angola, IN, 46703
    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!