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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Medical Office Space
2257 Karisa Dr Goshen, IN 46526-6942
Entity Owned
13-yr Hold
Free & Clear
Property ID
US31-1229121
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
WOOD
Total area
15,392 SF
Lot
1.26 ac (54,798 SF)
Zoning code
ZO01
APN
20-11-23-301-024.000-015
UPID
US31-1229121
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
-
Nephrology Physicians LLC Medical Clinic
-
Henry Wu Physician Medical Clinic
-
Sudhir Vyakaranam Physician Medical Clinic
-
Swarupa Eskapalli Physician Medical Clinic
-
Christiane Mbianda Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.25M
Owner & transaction history
Hc-2257 Karisa Drive LLC · 13 yrs held
Hc-2257 Karisa Drive LLC
since 2013
5 recorded transactions
Zoning & alternative use
ZO01 · Goshen, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Goshen, Indiana
Top alternative use upside
Restaurant
$1.3M
+25.4%
Apartment house (5+ units)
$1.2M
+16.6%
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 Goshen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goshen 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,035,000
Current use
RESTAURANT
$1,300,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,210,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$1,005,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$975,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
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
$76,481
Tax year 2023
Assessed value
$2,301,100
Assessed 2023
Previous assessed
$2,301,100
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$176,100
Assessed improvement
$2,125,000
Land market value
$176,100
Improvement market value
$2,125,000
Total market value
$2,301,100
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2009
Construction
WOOD
Heating
NONE
Stories
2
Total area
15,392 SF
Lot
1.26 ac (54,798 SF)
Zoning code
ZO01
APN
20-11-23-301-024.000-015
UPID
US31-1229121
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Goshen, INZoning ZO01 · permitted uses
ZO01 · Goshen, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Goshen, Indiana
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$975,000
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Hc-2257 Karisa Drive LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1001 WATER ST STE #800, TAMPA, FL 33602-5467
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2013
—
Hc-2257 Karisa Drive LLC
Three Dierdorff Square LLC
Grant Deed
—
Jul 15, 2009
—
Three Dierdorff Square LLC
Formation Dev LLC
Grant Deed
$3,076,663 · Lake City Bank
—
—
Three Dierdorff Square LLC
—
Deed Of Trust
related
$3,230,000 · Lake City Bank
—
—
Hc-2257 Karisa Drive LLC
—
Loan Modification
related
$225,000,000 · Key Bank & Trust
—
—
Hc-2257 Karisa Drive LLC
—
Deed Of Trust
related
$55,000,000 · Key Bank & Trust
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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