Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2518 George St Logansport, IN 46947-3807
    Back to Search
    Property profile & analytics

    2518 George St Logansport, IN 46947-3807

    View on Map
    • Assisted living facilities
    • 8,342 SF
    • 3.51 lot acres
    Off-Market
    Property ID
    US31-2247661
    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

    • Neal Home / Retirement Community / Nursing Home

    Property Details for 2518 George St

    Year built
    1960
    Construction
    WOOD
    Lot size
    3.51 lot acres
    Property size
    8,342 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    09-17-60-133-002.000-010
    APU
    91760133002000010

    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
    Logansport
    County
    Cass
    State
    Indiana
    Longitude
    -86.3341
    Latitude
    40.7566
    CBSA code
    30900
    CBSA name
    LOGANSPORT, 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
    $0.00
    $108,200
    $197,600
    $305,800
    -
    $108,200
    $197,600
    $305,800

    Comparable in this City

    • Value Estimation
      $625,000
      42,409 SF

      3901 High St

      HOMES (RETIRED, NURSING) • 42,409 SF
      3901 High St, Logansport, IN 46947-2562
      View Details
    • Value Estimation by Request
      9,631 SF

      2 Chase Park

      HOMES (RETIRED, NURSING) • 9,631 SF
      2 Chase Park, Logansport, IN 46947-1668
      View Details
    • Value Estimation by Request
      5,460 SF

      Commerce Ct

      HOMES (RETIRED, NURSING) • 5,460 SF
      Commerce Ct, Logansport, IN 46947
      View Details
    • Value Estimation by Request
      21,237 SF

      1 Chase Park

      HOMES (RETIRED, NURSING) • 21,237 SF
      1 Chase Park, Logansport, IN 46947
      View Details
    • Value Estimation by Request
      16,622 SF

      1555 Commerce Dr

      HOMES (RETIRED, NURSING) • 16,622 SF
      1555 Commerce Dr, Logansport, IN 46947-1555
      View Details
    • Value Estimation by Request
      2,624 SF

      2401 Broadway

      MEDICAL BUILDING • 2,624 SF
      2401 Broadway, Logansport, IN 46947-2056
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot on West Market

      Corner lot with easy highway access in Logansport, Indiana.
      W Market St, Logansport, IN 46947
      View Details
    • Contact for pricing
      688 SF

      Scooter’s Coffee NNN Investment

      Corporate guaranteed NNN investment with zero landlord responsibilities.
      3225 E Market St, Logansport, IN 46947
      View Details
    • Contact for pricing
      0.09 Acres

      Residential Lot Near Logansport School

      Residential lot near school, shopping, and recreation in Logansport.
      164a Stadium Dr, Logansport, IN 46947
      View Details
    • $34,000
      1.64 Acres

      Residential Land in Heartland Hills

      1.64 acre residential building site east of Logansport, Indiana.
      99 Heartland Hills Dr, Logansport, IN 46947
      View Details
    • Contact for pricing

      Walmart Outlot Land For Sale

      1.3 acre commercial land, Walmart outlot for sale.
      240 Mall Rd, Logansport, IN 46947
      View Details
    • New
      $125,000
      896 SF

      Logansport Duplex with Rental Income

      Duplex in Logansport, Indiana, currently generating rental income.
      328-330 Mckee St, Logansport, IN 46947
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,538 SF

      Retail Space Near Walmart, Home Depot

      Retail space available near Walmart and Home Depot.
      3830 E Market St, Logansport, IN 46947
      View Details
    • Contact for pricing

      Former Grocery Store For Lease

      17,060 SF former grocery store with on-site parking.
      824 N 3Rd St, Logansport, IN 46947
      View Details
    • Contact for pricing
      20,000 SF

      20,000 SF Industrial Building

      Industrial building on 1.2 acres, zoned Agri/business.
      2095 S County Road 150 E, Logansport, IN 46947
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near Walmart, Home Depot

      Retail space available near major retailers in Logansport, Indiana.
      3902 E Market St, Logansport, IN 46947
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in New Development

      Retail space available in new development with drive-thru opportunity.
      4124 E Market St, Logansport, IN 46947
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available within a regional mall redevelopment.
      3900 E Market St, Logansport, IN 46947
      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.
    2518 George St
    Logansport, IN 46947-3807
    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
    2518 George St, Logansport, IN, 46947
    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!