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    3550 Park Pl W Mishawaka, IN 46545
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    Property profile & analytics

    3550 Park Pl W Mishawaka, IN 46545

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    • Office Spaces
    • 6,100 SF
    For Sale
    $749,000
    View Listing →
    Edison Lakes Class A Office For Sale
    $749,000
    6,100 SF

    Edison Lakes Class A Office

    Class A office building in Mishawaka's prime office park.

    3550 Park Pl W, Mishawaka, IN
    View Listing
    Property ID
    US31-1366238
    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

    • Matthew M Nachazel - Aflac Insurance Agent / Insurance Agency
    • Great Lakes Eye Care / Medical Clinic / Ophthalmologist
    • Magnolia Angels Home Care, LLC / Home Health Care Service
    • Used Transmission Warehouse / Auto Repair Shop
    • Hilltop Tax Solutions / Accounting Firm / Tax Preparation

    Property Details for 3550 Park Pl W

    Year built
    1990
    Construction
    WOOD
    Property size
    6,100 SF
    Property type
    Office Spaces
    APN
    71-09-03-102-014.000-022
    APU
    710903102014000022

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $615,000
      Market price range: $217k - $946k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1763
    Latitude
    41.6921
    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
    $15,021
    $0.00
    $500,700
    $500,700
    -
    $0.00
    $500,700
    $500,700

    Comparable in this City

    • Value Estimation by Request
      9,072 SF

      4101 Edison Lakes Pkwy

      Office Spaces • 9,072 SF
      4101 Edison Lakes Pkwy, Mishawaka, IN 46545
      View Details
    • Value Estimation by Request

      116 Mishawaka Ave

      Office Spaces
      116 Mishawaka Ave, Mishawaka, IN 46545
      View Details
    • Value Estimation
      $2,330,000
      29,712 SF

      530 Day Rd

      OFFICE (GENERAL) • 29,712 SF
      530 Day Rd, Mishawaka, IN 46545-3407
      View Details
    • Value Estimation
      $18,745,000
      70,892 SF

      616 Mckinley Ave

      OFFICE (GENERAL) • 70,892 SF
      616 Mckinley Ave, Mishawaka, IN 46545-4120
      View Details
    • Value Estimation by Request
      23,144 SF

      237-245 Edison Rd

      Office Spaces • 23,144 SF
      237-245 Edison Rd, Mishawaka, IN 46545
      View Details
    • Value Estimation by Request
      1.00 Acre

      Deer Run Dr

      Land • 1.00 Acre
      0 Deer Run Dr, Mishawaka, IN 46545
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      88,854 SF

      Edison Lakes Corporate Office Park

      Class A office building in a prime corporate park.
      1301 E Douglas Rd, Mishawaka, IN 46545
      View Details
    • $2,250,000

      Class A Office Building For Sale

      Class A office building in Edison Lakes Corporate Park.
      3820 Edison Lakes Pkwy, Mishawaka, IN 46545
      View Details
    • Contact for pricing
      59,480 SF

      Mishawaka Industrial Building For Sale

      59,480 SF industrial building on 5.52 acres in Mishawaka.
      1810 Clover Rd, Mishawaka, IN 46545
      View Details
    • Contact for pricing
      6,706 SF

      Mishawaka Medical Office Investment Opportunity

      Leased medical office space with long-term tenant commitment.
      3730 Edison Lakes Pkwy, Mishawaka, IN 46545
      View Details
    • $749,000
      6,100 SF

      Edison Lakes Class A Office

      Class A office building in Mishawaka's prime office park.
      3550 Park Pl W, Mishawaka, IN 46545
      View Details
    • $1,299,000
      0.27 Acres

      Downtown Mishawaka Commercial Property

      High-traffic location, fully rented, redevelopment potential.
      608 Main St, Mishawaka, IN 46545
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at University Commons, Mishawaka, Indiana.
      6301 University Cmns, Mishawaka, IN 46545
      View Details
    • Contact for pricing

      Downtown Mishawaka Office Space

      Office space in downtown Mishawaka near Riverwalk.
      804 N Main St, Mishawaka, IN 46545
      View Details
    • $21 SF/Yr

      Premier Class A Office Suites

      Class A office suites in a professionally managed building.
      4101 Edison Lakes Pkwy, Mishawaka, IN 46545
      View Details
    • $21 SF/Yr
      1,806 SF

      Mishawaka Office Space For Rent

      Class A office space with scenic views and ample parking.
      3625 Park Pl W, Mishawaka, IN 46545
      View Details
    • $21 SF/Yr
      1,669 SF

      Upscale Office Village in Mishawaka

      Class A office space in park-like setting with private entries.
      515 Park Place Cir, Mishawaka, IN 46545
      View Details
    • $21 SF/Yr
      1,807 SF

      Upscale Office Village in Mishawaka

      Class A office space in park-like setting with private entries.
      425 Park Place Cir, Mishawaka, IN 46545
      View Details
    View Listing
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    Mishawaka, IN 46545
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    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
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