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Property profile & analytics
OFF-MARKET
Estimated value
$6,815,000
Assisted living facilities
300 Pr St Warsaw, IN 46580-4429
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-1757794
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1957
Construction
WOOD
Total area
41,242 SF
Lot
2.22 ac (96,703 SF)
Zoning code
R-3
APN
43-11-17-400-056.000-032
UPID
US31-1757794
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
-
Warsaw Meadows Care Center Nursing Home
-
Marsha Dreyer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.82M
Owner & transaction history
300 Prairie Propco LLC · 5 yrs held
300 Prairie Propco LLC
since 2020
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
R-3 · Warsaw, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Mobile home/manufactured home community shall be permitted in the R-3 zone district, provided that they meet other requirements of this ordinance. w. Mobile home/manufactured home subdivisions shall be permitted in the R-1, R-2 and
Zone name
Single And Multifamily Residential Professional Office District
General category
CIVIC_INSTITUTIONAL
Zone area
416.50 ac
Source
code of ordinances
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 Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw 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
$7,255,000
ML approach
$7,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.82M
Range $6.13M – $7.50M · ±10% · vs last sale $6.27M (Nov 16 2020)
Last sale anchor
$6.27M
Nov 16 2020
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
$165 / 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
$18,875
Tax year 2023
Assessed value
$908,800
Assessed 2023
Previous assessed
$908,800
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$205,400
Assessed improvement
$703,400
Land market value
$205,400
Improvement market value
$703,400
Total market value
$908,800
Applied tax rate
32.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Total area
41,242 SF
Lot
2.22 ac (96,703 SF)
Zoning code
R-3
APN
43-11-17-400-056.000-032
UPID
US31-1757794
Jurisdiction
KOSCIUSKO
Zoning & alternative use
R-3 · Warsaw, INZoning R-3 · permitted uses
R-3 · Warsaw, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Mobile home/manufactured home community shall be permitted in the R-3 zone district, provided that they meet other requirements of this ordinance. w. Mobile home/manufactured home subdivisions shall be permitted in the R-1, R-2 and
Zone name
Single And Multifamily Residential Professional Office District
General category
CIVIC_INSTITUTIONAL
Zone area
416.50 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
300 Prairie Propco LLC
Entity
Mailing address
300 E PR ST, WARSAW, IN 46580-4429
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Apr 3, 2024
—
Prairie Propco LLC
—
Deed
related
$51,200,000 · Cibc Bank USA
Nov 16, 2020
$6,265,806
300 Prairie Propco LLC
Img Healthcare Properties LLC
Special Warranty Deed
$51,200,000 · Cibc Bank USA
Jan 2, 2018
—
Img Healthcare Properties LLC
—
Deed
related
$26,625,000 · Geneva Capital Group INC
Jul 18, 2012
$2,600,000
Indiana Lessor Wellington Manor INC
Meadows Of Warsaw LLC
Warranty Deed
—
Dec 3, 2007
—
Meadows Of Marsaw LLC
National Assistance Bureau INC
Special Warranty Deed
—
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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