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Property profile & analytics
OFF-MARKET
Office Spaces
309 Logan St South Bend, IN 46615-3039
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-1496166
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
WOOD
Total area
1,683 SF
Lot
0.51 ac (22,242 SF)
APN
71-09-08-283-009.000-026
UPID
US31-1496166
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
-
American Estates Real Estate Agency
-
American Midwest Realty & Property Management Property Management Company
-
Modern Property Solutions Real Estate Agency
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
American Midwest Enterprises LLC · 1 yrs held
American Midwest Enterprises LLC
since 2024
7 recorded transactions
Zoning & alternative use
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 South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend 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
$2,568
Tax year 2023
Assessed value
$75,900
Assessed 2023
Previous assessed
$75,900
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$32,600
Assessed improvement
$43,300
Land market value
$32,600
Improvement market value
$43,300
Total market value
$75,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,683 SF
Lot
0.51 ac (22,242 SF)
APN
71-09-08-283-009.000-026
UPID
US31-1496166
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
American Midwest Enterprises LLC
Entity
Mailing address
19409 EDINBURGH DR, SOUTH BEND, IN 46614-5807
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
American Midwest Enterprises LLC
Glenn R Blossom
Warranty Deed
$186,400 · First Fsb
Aug 20, 2013
—
Areaa Holdings LLC
Joseph Colvin
Quit Claim Deed
related
—
Jun 10, 2011
—
Homeworks Funding Group LLC
Hud
Warranty Deed
—
Mar 24, 2010
—
Barak Group LLC
Hwfg Land Trust
Warranty Deed
—
Dec 16, 2009
—
Barak Group LLC
1238 Hwfg Land Trust
Warranty Deed
—
Oct 28, 2009
—
Glenn R Blossom
Homeworks Funding Group LLC
Warranty Deed
$195,000 · Teachers Cu
May 7, 2009
—
Homeworks Funding Group LLC
Pcrh Properties LLC
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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