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    225 Main St North Webster, IN 46555-1310

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    225 Main St North Webster, IN 46555-1310

    View on Map
    • Retail space
    • 7,500 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US31-2317365
    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
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jill and Jennifer's Salon of Styles / Hair Salon / Nail Salon
    • Hartley Builders, LLC / Construction Company / General Contractor
    • Studio 51 / Nail Salon
    • Artistry In Gold & Ladies Apparel / (Bike/Boat/Book/etc) Store
    • Hartley Builders / Construction Company / General Contractor

    Property Details for 225 Main St

    Year built
    2002
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    7,500 SF
    Zone code
    RESID
    Property type
    Retail space
    APN
    43-08-10-200-337.000-024
    APU
    430810200337000024

    Description

    This 1,500 square foot office space, located at 225 N Main Street, Suite E, is a single-tenant property perfect for a variety of businesses. The layout currently features several individual offices and a reception area, providing ample space for both private work and client interaction. A unique advantage is the potential to combine Suite E with the adjacent Suite D (not included in this listing) to create a significantly larger, more expansive workspace. This flexibility allows for customization to meet specific business needs and growth projections. The property is a traditional office building, situated on one floor, offering easy accessibility and convenient navigation. The single-tenant occupancy ensures privacy and control over the entire space. This Main Street location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving commercial area. The property is ready for immediate occupancy, presenting a fantastic opportunity for businesses seeking a well-appointed and adaptable office environment. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $546,000
      Market price range: $241k - $706k
      AI Estimate
      $714,000
      Market price range: $274k - $990k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $475,000
      Current use
      COMMERCIAL (GENERAL)
      $420,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Webster
    County
    Kosciusko
    State
    Indiana
    Longitude
    -85.6975
    Latitude
    41.3267
    CBSA code
    47700
    CBSA name
    WARSAW, 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
    $4,914
    $52,500
    $263,000
    $315,500
    -
    $52,500
    $263,000
    $315,500

    Comparable in this City

    • Value Estimation by Request
      2,520 SF

      421 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      421 Main St, North Webster, IN 46555
      View Details
    • Value Estimation by Request
      1,772 SF

      112 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 1,772 SF
      112 Washington St, North Webster, IN 46555
      View Details
    • Value Estimation by Request
      12,818 SF

      127 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,818 SF
      127 Main St, North Webster, IN 46555
      View Details
    • Value Estimation by Request
      6,041 SF

      111 Harrison St

      RETAIL STORES (PERSONAL SERVICES) • 6,041 SF
      111 Harrison St, North Webster, IN 46555
      View Details
    • Value Estimation by Request
      1,920 SF

      Ee St

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      Ee St, North Webster, IN 46555
      View Details
    • Value Estimation by Request
      676 SF

      114 Main St

      RETAIL STORES (PERSONAL SERVICES) • 676 SF
      114 Main St, North Webster, IN 46555
      View Details

    Similar Nearby for Sale

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      Pending

      North Webster Mixed-Use Opportunity

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      View Details
    • $289,000
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      Commercial Building in North Webster

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    • Contact for pricing
      23,522 SF

      Main Street Commercial Building

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    • $975,000
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      Lakefront Land on Lake Tippecanoe

      Premier lot to build your dream lakefront home.
      5 Ems T52A Ln, North Webster, IN 46555
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      Lake Tippecanoe Waterfront Building Lot

      Premier lakefront lot on Indiana’s deepest all-sports lake.
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    225 Main St
    North Webster, IN 46555-1310
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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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