Entity Owned Property summary
AI-generated overview
The property is a retail space within a regional power center serving the South Bend/Mishawaka markets. The center includes national tenants such as Super Target, Marshalls, Petco, and Dollar Tree, and the subject space is situated at the intersection of Main St and University Drive with access and visibility from I-80/90. It is located in the local retail trade area near University Park Mall, Indian Ridge Plaza, and Wilshire Plaza, with University Park Mall within roughly one mile. The surrounding area includes the Notre Dame community (approximately 12,000 students) as well as St. Mary’s (approximately 1,600 students), and it is near Beacon Health Systems and St. Joseph Health. The subject retail space measures 96'-4" by 105'-0" for a total of 10,124 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
8,320 SF
Lot
17.87 ac (778,417 SF)
APN
71-04-27-151-004.000-036
UPID
US31-1627026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.06M
Owner & transaction history
since 2022
3 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.06M
Value range
$954k – $1.17M
±10% around blend
Estimated value / SF
$127 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$954k
blend $1.06M
$1.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,320 SF
Lot area
17.87 ac
Year built
2003
Stories
1
APN
71-04-27-151-004.000-036
Assessed value
$10,567,400
Annual tax
$317,411
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.10M
Range $271k – $1.10M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 39 sales
$90
+41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $127/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.57M
Move the market yield to see immediate price impact.
Value / SF
$1,270
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$666k
$13.31M
$9.51M
$7.40M
$740k
$14.79M
$10.57M
$8.22M
$814k
$16.27M
$11.62M
$9.04M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$317,411
Tax year 2023
Assessed value
$10,567,400
Assessed 2023
Previous assessed
$10,567,400
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$4,376,500
Assessed improvement
$6,190,900
Land market value
$4,376,500
Improvement market value
$6,190,900
Total market value
$10,567,400
Applied tax rate
36.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
3
Stories
1
Units
4
Total area
8,320 SF
Lot
17.87 ac (778,417 SF)
APN
71-04-27-151-004.000-036
UPID
US31-1627026
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
3
Units
4
Lot
17.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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