Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    324 Liberty St Walkerton, IN 46574
    Back to Search
    Property profile & analytics

    324 Liberty St Walkerton, IN 46574

    View on Map
    • Commercial real estate
    • 4,800 SF
    • 1.42 lot acres
    For Sale
    $749,900
    View Listing →
    Walkerton Commercial/Industrial Building For Sale For Sale
    $749,900
    12,476 SF

    Walkerton Commercial/Industrial Building For Sale

    Remodeled factory building with heavy equipment capacity in NW Indiana.

    324 Liberty Street, Walkerton, IN 46574
    View Listing
    Property ID
    US31-2067137
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Twin Maple Tool Inc / Industrial Manufacturer

    Property Details for 324 Liberty St

    Year built
    1979
    Construction
    WOOD
    Lot size
    1.42 lot acres
    Property size
    4,800 SF
    Property type
    Commercial real estate
    APN
    71-16-24-152-006.000-015
    APU
    711624152006000015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $674,000
      Market price range: $252k - $675k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $430,000
      Current use
      RETAIL STORES
      $430,000
      Change: +0% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Walkerton
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.4827
    Latitude
    41.4721
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,660
    $20,500
    $322,400
    $342,900
    -
    $20,500
    $322,400
    $342,900

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      20341 Us 6th 6

      COMMERCIAL (GENERAL) • 0.19 Acres
      20341 Us 6th 6, Walkerton, IN 46574
      View Details
    • Value Estimation by Request
      0.02 Acres

      Sr 4th 4

      COMMERCIAL (GENERAL) • 0.02 Acres
      Sr 4th 4, Walkerton, IN 46574
      View Details
    • Value Estimation by Request
      5.00 Acres

      4626 Underwood Rd

      COMMERCIAL (GENERAL) • 5.00 Acres
      4626 Underwood Rd, Walkerton, IN 46574
      View Details
    • Value Estimation by Request
      1,104 SF

      7904 State Rd 4th 4

      COMMERCIAL (GENERAL) • 1,104 SF
      7904 State Rd 4th 4, Walkerton, IN 46574-9528
      View Details
    • Value Estimation by Request
      6,000 SF

      7982 State Rd 4th 4

      COMMERCIAL (GENERAL) • 6,000 SF
      7982 State Rd 4th 4, Walkerton, IN 46574-9528
      View Details
    • Value Estimation by Request
      2,685 SF

      1140 Roosevelt Rd

      COMMERCIAL (GENERAL) • 2,685 SF
      1140 Roosevelt Rd, Walkerton, IN 46574-1445
      View Details

    Similar Nearby for Sale

    • $299,000
      2,596 SF

      Spacious Duplex with Detached Garage

      Charming duplex with newer roof and furnaces on double lot.
      800 Illinois St, Walkerton, IN 46574
      View Details
    • $749,900
      12,476 SF

      Walkerton Commercial/Industrial Building For Sale

      Remodeled factory building with heavy equipment capacity in NW Indiana.
      324 Liberty St, Walkerton, IN 46574
      View Details
    • $32,000
      0.23 Acres

      Vacant Lot Near Fish Lake

      Vacant land near Fish Lake, Indiana, close to amenities.
      S Longshore Dr, Fish Lake, IN 46574
      View Details
    • $725,000

      Single Tenant Dollar General Store

      Freestanding Dollar General in Walkerton, Indiana with NN lease.
      304 Michigan St, Walkerton, IN 46574
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 Liberty St
    Walkerton, IN 46574
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    324 Liberty St, Walkerton, IN, 46574
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!