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Property profile & analytics
FOR LEASE
Commercial real estate
2850 E Pierceton Rd Winona Lake, IN 46590
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0444257
For Lease
1 / 20
$10 SF/Yr
2850 E Pierceton Rd, Winona Lake, IN 46590
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
WOOD
Total area
11,995 SF
Lot
2.93 ac (127,631 SF)
Zoning code
RESID
APN
43-11-24-300-309.000-033
UPID
US31-0444257
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
-
Stonehenge Golf Golf Course
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
Town Of Winona Lake · 4 yrs held
Town Of Winona Lake
since 2021
2 recorded transactions
Zoning & alternative use
RESID · Winona Lake, IN
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 Winona Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winona Lake 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
$880
Tax year 2023
Assessed value
$48,400
Assessed 2023
Previous assessed
$48,400
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$48,200
Assessed improvement
$200
Land market value
$48,200
Improvement market value
$200
Total market value
$48,400
Applied tax rate
33.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1988
Construction
WOOD
Buildings
2
Stories
1
Total area
11,995 SF
Lot
2.93 ac (127,631 SF)
Zoning code
RESID
APN
43-11-24-300-309.000-033
UPID
US31-0444257
Jurisdiction
KOSCIUSKO
Zoning & alternative use
RESID · Winona Lake, IN
Zoning RESID · permitted uses
RESID · Winona Lake, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winona Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Stories
1
Buildings
2
Lot
2.93 ac
Current owner
From public records · entity-resolved
Town Of Winona Lake
Individual
Free & Clear · 4 yrs held
Mailing address
5206 DECATUR RD, FORT WAYNE, IN 46806-3013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
—
Town Of Winona Lake
Kosciusko Community Development Cor
Warranty Deed
—
Jan 24, 2020
—
Kosciusko Community Development Cor
Stonehenge Golf Club LLC
Warranty Deed
$1,700,000 · Lake City Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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