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Financial
Distress signals
Property profile

3501 Lake City Hwy Warsaw, IN 46580

FOR SALE
Turn key restaurants
Property ID
US31-1820147
1,958 SF 0.67 ac lot Built 1978
Last sale Oct 2022
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$665k
Assessed land$180k
Assessed improvement$484k
Effective rate2.47%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$310k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 0.84% cap applied$21k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
0.84%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-3 A
JurisdictionKOSCIUSKO

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.9
Realty agency16.8
Law Firm15.5

Location

3501 Lake City Hwy Warsaw, IN 46580
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1202 Winona, Warsaw, IN 46580-4607 $150,000 May 2025 1,305 SF
550 Zimmer, Warsaw, IN 46580-2368 $500,000 Dec 2023 1,440 SF
614 Oldfather, Warsaw, IN 46580-2937 $165,000 May 2021 3,548 SF
819 Detroit, Warsaw, IN 46580-2912 $305,000 Feb 2021 3,421 SF
1695 Lk, Warsaw, IN 46580-2490 $930,000 Dec 2020 2,408 SF
975 Warren, Warsaw, IN 46580-2555 $225,000 Aug 2020 3,488 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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