610 Sawyer Rd Kendallville, IN 46755-2566
Property profile & analytics
610 Sawyer Rd Kendallville, IN 46755-2566
- Office properties & Spaces
- 9,480 SF
- 1.10 lot acres
Property ID
US31-2807966
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.
Location Intelligence
Current Use by Public Records
- Office properties & Spaces
Property Details for 610 Sawyer Rd
- Year built
- 2014
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.10 lot acres
- Property size
- 9,480 SF
- Property type
- Office properties & Spaces
- APN
- 57-07-31-100-033.000-020
- APU
- 570731100033000020
Description
This exceptional investment opportunity presents a fee-simple interest in a two-building medical office portfolio totaling 13,980 square feet, located in Kendallville and LaGrange, Indiana. Both properties are subject to a new 12-year absolute NNN lease with Northeast Internal Medicine Associates (NIMA), a reputable provider specializing in adult and geriatric care. The lease boasts a 7.00% cap rate and includes 2.50% annual rent escalations, along with two five-year renewal options, ensuring long-term stability and predictable income growth. The portfolio features a combined NOI of $258,630 and a price per square foot of $264.31. The properties are strategically situated near major roads and benefit from high visibility and convenient access. The Kendallville location is advantageously positioned near Parkview Noble Hospital, creating a strong medical synergy. This sale-leaseback transaction offers a passive investment with minimal landlord responsibilities, making it an ideal addition to any diversified portfolio. The properties sit on approximately 1.1 to 2.2 acres of land. NIMA has a 23-year history and is a dominant provider in rural northeast Indiana. The portfolio's strong tenant, favorable lease terms, and prime locations make it a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $715,000 Current use
- AUTO REPAIR, GARAGE
- $755,000 Change: +6% Conversion: Difficult
- RESTAURANT
- $720,000 Change: +1% Conversion: Difficult
- MEDICAL BUILDING
- $700,000 Change: -2% Conversion: Easy
- RETAIL STORES
- $645,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Kendallville
- County
- Noble
- State
- Indiana
- Longitude
- -85.2928
- Latitude
- 41.4505
- CBSA code
- 28340
- CBSA name
- KENDALLVILLE, IN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,100
$77,000
$866,100
$943,100
-
$77,000
$866,100
$943,100
