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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Office Spaces
301 Main St North Webster, IN 46555
Individually Owned
7-yr Hold
Free & Clear
Property ID
US31-2114235
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1928
Construction
TYPE NOT SPECIFIED
Total area
55,160 SF
Lot
4.79 ac (208,652 SF)
Zoning code
PUBLI
APN
43-08-10-200-061.000-024
UPID
US31-2114235
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
-
North Webster YMCA Child Welfare Organization Charitable Organization
-
North Webster Community Center Community Center
-
Lakeside Village Shoppes Bakery Specialty Food Shop
-
The Watershed Foundation Charitable Organization Social Service Agency
-
NWCC Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.79M
Owner & transaction history
North Webster Community Public Libr · 7 yrs held
North Webster Community Public Libr
since 2019
1 recorded transaction
Zoning & alternative use
PUBLI · North Webster, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+12.3%
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 North Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Webster 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
COMMERCIAL (GENERAL)
$3,105,000
Current use
RETAIL STORES
$3,485,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±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
$51 / 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
Assessed value
$1,271,400
Assessed 2023
Previous assessed
$1,271,400
+0.0% YoY
Assessed land
$192,800
Assessed improvement
$1,078,600
Land market value
$192,800
Improvement market value
$1,078,600
Total market value
$1,271,400
Applied tax rate
24.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
55,160 SF
Lot
4.79 ac (208,652 SF)
Zoning code
PUBLI
APN
43-08-10-200-061.000-024
UPID
US31-2114235
Jurisdiction
KOSCIUSKO
Zoning & alternative use
PUBLI · North Webster, INZoning PUBLI · permitted uses
PUBLI · North Webster, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1928
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
North Webster Community Public Libr
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 379, NORTH WEBSTER, IN 46555-0379
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2019
—
North Webster Community Public Libr
North Webster Community Centei INC
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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