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Property profile & analytics
OFF-MARKET
Estimated value
$4,100,000
Warehouses
300 Chicago St Syracuse, IN 46567-1624
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-3121924
Property summary
AI-generated overview
This Syracuse, Indiana industrial campus offers flexible space ideal for manufacturing, warehousing, or flex uses. The property comprises multiple buildings totaling 228,130 square feet, with divisible units ranging from 5,000 to 170,530 contiguous square feet. Built in 1957 and zoned for light industrial use, the property boasts a variety of features including multiple loading options, ceiling heights ranging from 15 to 25 feet, and a fully equipped paint line with booths. Many buildings are equipped with cranes and hoists, and 3-phase power is available. Additional outdoor storage space is available, along with covered open-wall structures. The property benefits from a low operating cost environment and a convenient location in Kosciusko County, just 3 miles from US-6 and 5 miles from State Road 15, providing easy access to Goshen, Elkhart, and Warsaw. This is a prime opportunity for businesses seeking versatile and well-equipped industrial space in a strategic location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
12,000 SF
Lot
18.08 ac (787,565 SF)
Zoning code
IND-2
APN
43-04-08-400-542.000-026
UPID
US31-3121924
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
-
Polar Kraft Boats (Bike/Boat/Book/etc) Store Production Facility
-
Godfrey Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Hurricane Boats (Bike/Boat/Book/etc) Store Production Facility
-
Synergy Design LLC Industrial Manufacturer Production Facility
-
Highwater-Syracuse Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
Shore Capital LLC · 2 yrs held
Shore Capital LLC
since 2024
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
IND-2 · Syracuse, 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 Syracuse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Syracuse 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
$4,100,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.10M
Range $3.69M – $4.51M · ±10% · vs last sale $4.10M (Jan 31 2024)
Last sale anchor
$4.10M
Jan 31 2024
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
$342 / 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
$34,049
Tax year 2023
Assessed value
$1,990,000
Assessed 2023
Previous assessed
$1,990,000
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$920,300
Assessed improvement
$1,069,700
Land market value
$920,300
Improvement market value
$1,069,700
Total market value
$1,990,000
Applied tax rate
26.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Buildings
7
Stories
1
Total area
12,000 SF
Lot
18.08 ac (787,565 SF)
Zoning code
IND-2
APN
43-04-08-400-542.000-026
UPID
US31-3121924
Jurisdiction
KOSCIUSKO
Zoning & alternative use
IND-2 · Syracuse, INZoning IND-2 · permitted uses
IND-2 · Syracuse, IN
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
1986
Construction
TYPE NOT SPECIFIED
Stories
1
Buildings
7
Lot
18.08 ac
Current owner
From public records · entity-resolved
Shore Capital LLC
Entity
Mailing address
300 E CHICAGO ST #1, MIDDLEBURY, IN 46540
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jan 31, 2024
$4,100,000
Shore Capital LLC
Malco LLC
Warranty Deed
$3,294,183 · First State Bank Of Middlebury
Jul 19, 2019
$1,700,000
Malco LLC
Tc Commercial Properties INC
Warranty Deed
$2,350,000 · Chemical Bank
May 6, 2016
—
Tc Properties INC
Highwater Marine LLC
Quit Claim Deed
related
—
May 11, 2010
—
Nautic Global Group INC
Godfrey Conveyor Co INC
Quit Claim Deed
related
$11,923 · Silver Point Financial LLC
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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