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    595 Eyster Dr Angola, IN 46703

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    595 Eyster Dr Angola, IN 46703

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    • Commercial land
    For Sale
    $460,000
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    Commercial Land with I69 Exposure For Sale
    $460,000

    Commercial Land with I69 Exposure

    Commercial land suitable for development with high visibility.

    595 Eyster Drive, Angola, IN 46703
    View Listing
    Property ID
    US31-0302721
    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

    • Commercial land

    Property Details for 595 Eyster Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    The highest and best use of this property would be for commercial development. This property has exposure on I69 with high visibility from both the approaching N and S bound lanes. Coupled with 2 other commercial properties listed contiguous to this property containing 9+ acres, the development could total over 12 acres. There is a modular home on this property with access through an easement onto a private drive with a traffic signal in place on N Wayne St for easy access in and out. The potential for this property and others surrounding it is unlimited.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -85.005232
    Latitude
    41.674166

    Comparable in this City

    • $289,000
      65,340 SF

      Prime Commercial Land Opportunity

      High visibility land near James Chain and Crooked Lake.
      2530 North West St West, Angola, IN 46703
      View Details
    • $460,000
      5.49 Acres

      Commercial Land I69 Visibility

      Commercial land with high visibility on I69 in Angola, IN.
      595 Eyster Dr, Angola, IN 46703
      View Details
    • $399,000
      0.93 Acres

      Angola Mixed-Use Development Opportunity

      Corner lot ideal for development or local business.
      908 N Wayne St, Angola, IN 46703
      View Details
    • $415,000
      4.31 Acres

      Angola Commercial Land For Sale

      Commercial land with high visibility in a high-traffic area.
      941 E Maumee St, Angola, IN 46703
      View Details
    • Contact for pricing

      Commercial Land For Sale

      2.701 acre commercial property adjacent to retail and businesses.
      Angola, Angola, IN 46703
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      2.972 acres in Angola's retail and restaurant corridor.
      1 Eyster Dr, Angola, IN 46703
      View Details

    Similar Nearby for Sale

    • $289,000
      65,340 SF

      Prime Commercial Land Opportunity

      High visibility land near James Chain and Crooked Lake.
      2530 North West St West, Angola, IN 46703
      View Details
    • $460,000
      5.49 Acres

      Commercial Land I69 Visibility

      Commercial land with high visibility on I69 in Angola, IN.
      595 Eyster Dr, Angola, IN 46703
      View Details
    • $399,000
      0.93 Acres

      Angola Mixed-Use Development Opportunity

      Corner lot ideal for development or local business.
      908 N Wayne St, Angola, IN 46703
      View Details
    • $415,000
      4.31 Acres

      Angola Commercial Land For Sale

      Commercial land with high visibility in a high-traffic area.
      941 E Maumee St, Angola, IN 46703
      View Details
    • Contact for pricing

      Commercial Land For Sale

      2.701 acre commercial property adjacent to retail and businesses.
      Angola, Angola, IN 46703
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      2.972 acres in Angola's retail and restaurant corridor.
      1 Eyster Dr, Angola, IN 46703
      View Details

    Similar Nearby for Lease

    • $800 /Mo
      6,580 SF

      Angola Office Space For Rent

      Office space available on a high visibility street in Angola.
      603 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail or Office Location

      Retail or office suites with high visibility and traffic counts.
      1202 W Maumee St, Angola, IN 46703
      View Details
    • $12 SF/Yr
      2,410 SF

      Retail Space Near Trine University

      Retail space with high visibility near Trine University for lease.
      1202 W Maumee St, Angola, IN 46703
      View Details
    • Contact for pricing
      4,990 SF

      Turn-Key Restaurant Space Available

      Turn-key restaurant for lease in Angola, Indiana.
      2304 N Wayne St, Angola, IN 46703
      View Details
    • $16 SF/Yr

      Retail Center Space for Lease

      Retail space available for lease in Angola, Indiana.
      1400 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail Space in Angola

      Retail space for lease in Angola, Indiana.
      211 N Wayne St, Angola, IN 46703
      View Details
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    Angola, IN 46703
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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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