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Property profile & analytics
OFF-MARKET Estimated value $575,000
Warehouses

4118 Fir Rd Mishawaka, IN 46545

8,196 SF 0.92 ac lot Built 1977
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US31-1435738
Property summary
AI-generated overview

This exceptional 1,100 square foot creative office space, located at 4118 N Fir Rd, Mishawaka, IN 46545 (corner of N Fir Rd and E Day Rd), is a single-tenant property perfectly suited for a variety of businesses. Built in 1977 and completely renovated in 2022, the property boasts a modern, open floor plan ready for immediate occupancy. The single-story building features large windows providing ample natural light, creating a welcoming atmosphere. A conveniently located half-bath and a kitchenette with cabinets and countertops are included. The high-traffic location ensures excellent visibility and accessibility for clients and employees. Landlord pays utilities, minimizing operational costs for the tenant. This versatile space offers endless possibilities for businesses seeking a well-maintained, updated office in a prime Mishawaka location. The property's 1,100 square feet provides ample room for customization to meet specific business needs. Don't miss this opportunity to establish your business in this thriving area.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Construction WOOD
Total area 8,196 SF
Lot 0.92 ac (40,075 SF)
APN 71-04-35-351-001.000-022
UPID US31-1435738
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$518k
Blend (final) Blend
$575k
Owner & transaction history
R Wood Properties LLC · 5 yrs held
R Wood Properties LLC
since 2021
Last sale
$575,000
2 recorded transactions
2021
$575,000
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $740,000 +111.1%
Auto repair, garage $620,000 +77.5%
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