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Property profile & analytics
OFF-MARKET
Medical Office Space
500 Legacy W Plz La Porte, IN 46350-5254
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1772399
Property summary
AI-generated overview
This exceptional 2,000-square-foot medical office condo is situated within the Sagamore Business Center in La Porte, Indiana, at 500 Legacy Plaza W, near the intersection of Monroe St and Feikes Blvd. The property, classified as a Class B building, is zoned for office parks and features a single-tenant occupancy. The space is currently fully vacant and ready for immediate occupancy. Ideal for medical professionals, the condo boasts two exam rooms, a procedure room, a sizable waiting area, and a convenient kitchenette. This flexible lease option offers a unique opportunity to secure a professional workspace for up to two days a week (Wednesdays and Thursdays). The address is 560 Legacy Plaza W, La Porte, IN 46350 (APN: 46-11-06-101-114.000-058). Its strategic location provides easy access for both patients and staff. The attractive pricing structure makes this a highly competitive option for medical practices seeking a modern, adaptable, and well-equipped space to enhance their operations. The property's total square footage is 2,000 square feet, with all 2,000 square feet currently available.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
WOOD
Total area
2,000 SF
Lot
0.21 ac (9,257 SF)
APN
46-11-06-101-114.000-058
UPID
US31-1772399
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
-
Interventional Pain Specialists of Indiana Physician
-
APAC Centers for Pain Management Physician
-
Shaan H. Khan MD Physician
-
Mr. Gary Wheeland Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sagamore Leasing LLC · 11 yrs held
Sagamore Leasing LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,205
Tax year 2023
Assessed value
$104,800
Assessed 2023
Previous assessed
$104,800
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$8,500
Assessed improvement
$96,300
Land market value
$8,500
Improvement market value
$96,300
Total market value
$104,800
Applied tax rate
57.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,000 SF
Lot
0.21 ac (9,257 SF)
APN
46-11-06-101-114.000-058
UPID
US31-1772399
Jurisdiction
LA PORTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Sagamore Leasing LLC
Entity
Free & Clear · 11 yrs held
Mailing address
217 WHISPERING BLVD, LA PORTE, IN 46350-3592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2017
—
Sagamore Leasing LLC
—
Deed
related
$369,750 · Horizon Bank
Oct 18, 2016
—
Sagamore Leasing LLC
—
Deed
related
$4,669,786 · Horizon Bank NA
Jul 29, 2014
—
Sagamore Leasing LLC
Feikes Leasing LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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