Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
5838 Brick Rd South Bend, IN 46628
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-2007138
For Lease
1 / 3
$10.50 SF/Yr
5838 Brick Rd, South Bend, IN 46628
View Listing →
Property summary
AI-generated overview
The Genesis Center, a Class A, single-story office building (16,560 total square feet) built in 1999 and renovated in 2021, offers exceptional office space in a high-visibility, high-traffic location. Situated on a 2.02-acre lot at the intersection of US 31 Business and Cleveland Road in South Bend, this property boasts convenient access to US 20 Bypass, 80/90 Toll Road, and Michiana Regional Airport. The building features five suites, with 7,930 square feet currently vacant, divisible into spaces ranging from 2,282 to 7,930 contiguous square feet. Ceiling heights range from 9 to 14 feet. Amenities include 86 open-lot parking spaces, 120-volt three-phase power, and attractive, landscaped grounds. The property is zoned Commercial 201, suitable for professional offices, retail, service, or technical uses. Municipal water, sewer, gas, and electric are available on-site. This prime location offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses. The APN is 71-03-20-101-002.000-009.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
16,560 SF
Lot
2.02 ac (87,991 SF)
APN
71-03-20-101-002.000-009
UPID
US31-2007138
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
-
Life In Balance Physical Therapy Medical Clinic
-
RXO Postal Service Courier Service
-
Financial Wize Mortgage Lenders South Bend IN Nursing Home Retirement Community
-
HarmonyCares Medical Group Home Health Care Service Family Practice Physician
-
Stephen Kennedy Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.73M
Owner & transaction history
FISKARS PROPERTIES INC
FISKARS PROPERTIES INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+31.9%
Auto repair, garage
$1.3M
+11.7%
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 South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,125,000
Current use
RETAIL STORES
$1,480,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,255,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
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
$34,551
Tax year 2023
Assessed value
$1,021,000
Assessed 2023
Previous assessed
$1,021,000
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$204,400
Assessed improvement
$816,600
Land market value
$204,400
Improvement market value
$816,600
Total market value
$1,021,000
Applied tax rate
9.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
16,560 SF
Lot
2.02 ac (87,991 SF)
APN
71-03-20-101-002.000-009
UPID
US31-2007138
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
FISKARS PROPERTIES INC
Entity
Free & Clear · 0 yrs held
Mailing address
1076 MINERS RD, SAINT JOSEPH, MI 49085-9625
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
