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Property profile & analytics
FOR LEASE
Retail space

406 Smaltz Way Auburn, IN 46706

7,380 SF 1.06 ac lot Built 2022
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-2908367
Property summary
AI-generated overview

This exceptional Class A retail strip center, located at 406 Smaltz Way in Auburn, Indiana, presents a compelling investment opportunity. Built in 2022, the property boasts a total of 7,050 square feet across three suites, offering flexibility for various retail businesses. One suite, measuring 1,895 square feet, is currently available. The center sits on a 1.06-acre lot and provides ample parking with 35 spaces. Its convenient location at the intersection of SR 8 & Smaltz Way ensures high visibility and accessibility for customers. The property is zoned C-2, allowing for a wide range of commercial uses. The single-story building features modern construction and is well-maintained. The property's APN is 17-05-36-200-053.000-012, and it is situated in DeKalb County, Indiana, with a zip code of 46706. This is a rare opportunity to acquire a high-quality, newly constructed retail property in a thriving market. The property's strategic location and modern amenities make it an ideal investment for both owner-occupiers and investors seeking a strong return. The absence of elevators is noted, but the single-story design ensures easy access for all tenants and customers.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Construction TYPE NOT SPECIFIED
Total area 7,380 SF
Lot 1.06 ac (46,043 SF)
APN 17-05-36-200-053.000-012
UPID US31-2908367
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • F&M Bank - Auburn Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
$829k
Blend (final) Blend
$610k
Owner & transaction history
Cjr Enterprises IV LLC · 4 yrs held
Cjr Enterprises IV LLC
since 2022
2 recorded transactions
2022
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $555,000 +10.5%
Commercial (general) $540,000 +7.2%
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