New search
Property profile & analytics
FOR LEASE
Office Spaces
310 W Mckinley Ave, Mishawaka, IN 46545
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-1526412
For Lease
1 / 20
$15 SF/Yr
310 W Mckinley Ave, Mishawaka, IN 46545
View Listing →
Property summary
AI-generated overview
Valley Plaza, a Class A office building located at 310 W McKinley Ave, Mishawaka, IN 46545, offers exceptional office space for lease. This single, three-story building, totaling 33,394 square feet, sits on a 4.65-acre lot and was built in 1979. The property is zoned S-2 PUD and features a convenient location at the corner of McKinley and Grape Road, providing excellent visibility and ample parking. Multiple tenancy options are available, ranging from a minimum of 3,187 square feet to a maximum contiguous space of 13,263 square feet
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
WOOD
Total area
45,700 SF
Lot
4.65 ac (202,554 SF)
APN
71-09-04-452-007.000-023
UPID
US31-1526412
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
-
PNC Mortgage Loan Service Bank
-
Zarandona Counseling LLC Crisis Center Medical Clinic
-
Southern Care Inc Physician
-
Counseling Associates Social Service Agency Medical Clinic
-
PNC Private Bank Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.86M
Owner & transaction history
Pnc Bank NA · 5 yrs held
Pnc Bank NA
since 2020
1 recorded transaction
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 Mishawaka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mishawaka 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%
$5,835,000
6.5%
$5,390,000
7%
$5,005,000
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±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
$84 / 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
$152,019
Tax year 2023
Assessed value
$4,541,400
Assessed 2023
Previous assessed
$4,541,400
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$506,300
Assessed improvement
$4,035,100
Land market value
$506,300
Improvement market value
$4,035,100
Total market value
$4,541,400
Applied tax rate
23.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1979
Construction
WOOD
Heating
NONE
Stories
3
Total area
45,700 SF
Lot
4.65 ac (202,554 SF)
APN
71-09-04-452-007.000-023
UPID
US31-1526412
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
1979
Construction
WOOD
Heating
NONE
Stories
3
Lot
4.65 ac
Current owner
From public records · entity-resolved
Pnc Bank NA
Entity
Free & Clear · 5 yrs held
Mailing address
CHICAGO, IL 60661
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
—
Pnc Bank NA
Vbt Realty Corp
Quit Claim Deed
related
—
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
