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Financial
Distress signals
Property profile

3505 N Home St Mishawaka, IN 46545

FOR LEASE
Warehouses
Property ID
US31-2018897
26,680 SF 5.7 ac lot Built 1993
Last sale Nov 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 48,280 square foot multi-tenant flex space complex is situated on a 6.08-acre lot in Mishawaka's Northeast Home Street Industrial Park. The property is zoned for Light Industrial use and offers convenient access to St. Joseph and Elkhart counties via the Indiana Toll Road and US 20/31 Bypass. Currently, one 2,400 square foot space is available for lease within this professionally maintained building. The complex features functional layouts designed to accommodate a variety of business…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$480k
Assessed land$83k
Assessed improvement$397k
Effective rate3.00%

Value estimate

· Oct 2026
$570k
$513k – $627k
AI approach$570k
Submarket $/SF estimate$724k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$8k
Operating expenses−$4k
NOI · 312,675.00% cap applied$25k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$43/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$17 – $63

Cap rate analysis

How does the asset earn?
312,675.00%
$25k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionST JOSEPH

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 Office14.7
Restaurant13.9
Law Firm12.2

Location

3505 N Home St Mishawaka, IN 46545
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1619 Home, Mishawaka, IN 46545-7238 $420,000 Aug 2022 9,600 SF
1926 Clover, Mishawaka, IN 46545 $900,000 Nov 2021 9,600 SF
12951 Mckinley, Mishawaka, IN 46545-7529 $4,100,000 Nov 2021 42,500 SF
56641 Twin Br, Mishawaka, IN 46545-7479 $1,000,000 Nov 2020 34,636 SF
14111 Esther, Mishawaka, IN 46545-7307 $340,000 Jun 2020 23,144 SF
3120 Home, Mishawaka, IN 46545-4438 $800,000 Mar 2020 11,600 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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