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Property profile & analytics
OFF-MARKET
Medical Office Space
204 Bridgeway St Aurora, IN 47001-1334
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US31-0932623
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1949
Construction
WOOD
Total area
13,452 SF
Lot
0.18 ac (7,791 SF)
APN
15-07-32-201-028.000-003
UPID
US31-0932623
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
-
St Elizabeth Physicians: Orthopaedics Aurora Indiana Medical Clinic
-
Aleah Pendergraff Gibson Pediatrician Physician
-
Aurora Heart & Vascular - St Elizabeth Physicians Medical Clinic
-
Patricia Guzman Rojas, MD Physician
-
Alvaro Ryes, MD: St. Elizabeth Physicians Nephrology Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rahe Properties LLC · 14 yrs held
Rahe Properties LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,492
Tax year 2023
Assessed value
$316,400
Assessed 2023
Previous assessed
$316,400
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$75,700
Assessed improvement
$240,700
Land market value
$75,700
Improvement market value
$240,700
Total market value
$316,400
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1949
Construction
WOOD
Heating
NONE
Stories
2
Total area
13,452 SF
Lot
0.18 ac (7,791 SF)
APN
15-07-32-201-028.000-003
UPID
US31-0932623
Jurisdiction
DEARBORN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Rahe Properties LLC
Entity
Mailing address
1833 KYS CRES, CINCINNATI, OH 45206-3450
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
—
Rahe Clinic One LLC
—
Deed
related
$712,000 · The Friendship State Bank
Dec 2, 2019
—
Rahe Clinic 1 LLC
—
Deed
related
$1,007,241 · Fcn Bank NA
Nov 3, 2011
—
Rahe Properties LLC
Martin E Rahe
Warranty Deed
—
Feb 3, 2011
—
Martin E Rahe
Fdic As Receiver Of Peoples Bank
Special Warranty Deed
$190,000 · U.s. Bank N.a.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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