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    Property profile & analytics

    2010 Wayne St Auburn, IN 46706-3503

    • Auto shops
    • 12,748 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1300476
    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 Water Pollution Control / Water Treatment Plant

    Property Details for 2010 Wayne St

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.45 lot acres
    Property size
    12,748 SF
    Property type
    Auto shops
    APN
    17-10-06-277-001.000-010
    APU
    171006277001000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $836,000
      Market price range: $455k - $1.04M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $835,000
      Current use
      RESTAURANT
      $960,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $930,000
      Change: +11% Conversion: Moderate
      RETAIL STORES
      $870,000
      Change: +4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $780,000
      Change: -7% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $685,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Dekalb
    State
    Indiana
    Longitude
    -85.0611
    Latitude
    41.3485
    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
    $6
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      10,639 SF

      4553 County Rd 35

      AUTO REPAIR, GARAGE • 10,639 SF
      4553 County Rd 35, Auburn, IN 46706-9702
      View Details
    • Value Estimation by Request
      1,392 SF

      510 Main St

      AUTO REPAIR, GARAGE • 1,392 SF
      510 Main St, Auburn, IN 46706-2328
      View Details
    • Value Estimation by Request
      4,400 SF

      515 7th St

      AUTO REPAIR, GARAGE • 4,400 SF
      515 7th St, Auburn, IN 46706-2005
      View Details
    • Value Estimation
      $640,000
      9,720 SF

      100 Ensley Ave

      AUTO REPAIR, GARAGE • 9,720 SF
      100 Ensley Ave, Auburn, IN 46706-2944
      View Details
    • Value Estimation by Request
      3,300 SF

      1712 Wayne St

      AUTO REPAIR, GARAGE • 3,300 SF
      1712 Wayne St, Auburn, IN 46706-3511
      View Details
    • Value Estimation
      $655,000
      10,000 SF

      3424 County Rd 31

      AUTO REPAIR, GARAGE • 10,000 SF
      3424 County Rd 31, Auburn, IN 46706-9428
      View Details

    Similar Nearby for Sale

    • $499,900
      0.88 Acres

      Auburn Mixed-Use Commercial Opportunity

      Two buildings on 0.88 acres near downtown Auburn, Indiana.
      1712 South Wayne Ave, Auburn, IN 46706
      View Details
    • Contact for pricing
      12,480 SF

      Dollar General Market For Sale

      Upgraded 12,480 SF Dollar General Market in Auburn, IN.
      1218 State Road 8, Auburn, IN 46706
      View Details
    • $259,000
      2.07 Acres

      Commercial Land in Growing Area

      2.07 acres of commercial land suitable for development.
      Smith Dr, Auburn, IN 46706
      View Details
    • $1,106,707
      3.75 Acres

      Auburn Industrial Land - 8.33 Acres

      Prime I-1 zoned land near I-69
      0 County Road 19, Auburn, IN 46706
      View Details
    • $19,500,000
      306.00 Acres

      Heron Lake Development: Auburn, IN

      306-Acre Mixed-Use Development, Court Sale
      5491 County Road 427, Auburn, IN 46706
      View Details
    • $244,000
      6.10 Acres

      Agricultural Land Ideal Home Setting

      6.1 acre lot, ideal for a dream home.
      9000 North County Line - Lot 3 Rd, Auburn, IN 46706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,584 SF

      Retail Space Near I-69

      Retail space in well-trafficked corridor near I-69 and major retailers.
      1031-1077 Smaltz Way, Auburn, IN 46706
      View Details
    • Contact for pricing
      1,798 SF

      New Retail Space Available

      New construction retail space with customizable finishes and high traffic.
      1520 Shook Dr, 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
    • Contact for pricing
      1,877 SF

      New Retail Space in Auburn

      New construction retail space with high visibility and traffic.
      523 W 7Th St, Auburn, IN 46706
      View Details
    • Contact for pricing
      6,000 SF

      New Construction Retail Space Available

      New construction retail space with drive-thru in Auburn, Indiana.
      1570 Shook Dr, Auburn, IN 46706
      View Details
    • Contact for pricing
      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
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    2010 Wayne St
    Auburn, IN 46706-3503
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    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
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