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    7505 N Old 27 Fremont, IN 46737
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    7505 N Old 27 Fremont, IN 46737

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    • Marinas
    For Sale
    $1,995,000
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    Lake George Marina Opportunity For Sale
    $1,995,000
    3.27 Acres

    Lake George Marina Opportunity

    3.27 acre marina with four buildings on Lake George.

    7505 N Old 27, Fremont, IN 46737
    View Listing
    Property ID
    US31-2084359
    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

    • Marinas

    Property Details for 7505 N Old 27

    Year built
    1982
    Property type
    Marinas
    Property subtype
    Commercial real estate

    Description

    This exceptional marina property, spanning 3.27 acres across 5 parcels, offers a rare opportunity for lake enthusiasts and business visionaries alike. This marina boasts 4 buildings, providing an expansive and versatile space to meet various needs. The main building, a captivating lakefront structur ... e, spans 5,952 square feet and offers breathtaking panoramic views of Lake George and features a spacious 50x60 showroom, an office with a full bath, and a generous 40x60 shop equipped with heat and water. Adjacent to the main building, the second lakefront structure, spanning over 5,000 square feet, is ideal for additional boat storage. This space is thoughtfully designed with sliding doors for easy access, and a strategically positioned ramp between the lakefront buildings for seamless in and out for boats. The third building, a substantial 14,000 square feet, offers unparalleled storage capacity with power and gas connections. Boasting a 16x16 overhead door, this expansive facility provides a secure and spacious environment for additional storage needs. The fourth storage building in the back provides over 10,000 additional square footage of cold storage space with a 16x16 overhead door. This Lake George marina property is not just a real estate investment; it's an opportunity to be part of a lakeside community, offering a unique blend of business potential and natural beauty. Don't miss the chance to own a piece of this waterfront haven! The 2 lakefront parcels are currently zoned lake residential with a special exception and the 3 additional parcels are zoned commercial.

    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
    Fremont
    County
    Steuben
    State
    Indiana
    Longitude
    -85.00017
    Latitude
    41.75127

    Comparable in this City

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      24,952 SF

      Lake George Marina Opportunity

      Marina with multiple buildings on 3.27 acres for sale.
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    • $1,995,000
      3.27 Acres

      Lake George Marina Opportunity

      3.27 acre marina with four buildings on Lake George.
      7505 N Old 27, Fremont, IN 46737
      View Details
    • $599,000
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      Updated Home on Rolling Landscape

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      Fremont Industrial Park Manufacturing Facility

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    • $3,750,000
      186.00 Acres

      Lakefront Agricultural Land with Development Potential

      186 acres with lake frontage, tillable land, and hunting lodge.
      7050 N Van Guilder Rd, Fremont, IN 46737
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,952 SF

      Lake George Marina Opportunity

      Marina with multiple buildings on 3.27 acres for sale.
      15 Lane 130B Lake George, Fremont, IN 46737
      View Details
    • $1,995,000
      3.27 Acres

      Lake George Marina Opportunity

      3.27 acre marina with four buildings on Lake George.
      7505 N Old 27, Fremont, IN 46737
      View Details
    • $599,000
      1,944 SF

      Updated Home on Rolling Landscape

      Updated home on 5+ acres, perfect for farming.
      7950 E 400 N, Fremont, IN 46737
      View Details
    • $169,500
      0.08 Acres

      Fremont Retail Building For Sale

      Retail building in downtown Fremont with residential potential.
      102 E Toledo Hwy, Fremont, IN 46737
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    • $600,000
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      Fremont Industrial Park Manufacturing Facility

      13,000 SF manufacturing facility on 5.72 acres in Fremont.
      502 E Depot St, Fremont, IN 46737
      View Details
    • $3,750,000
      186.00 Acres

      Lakefront Agricultural Land with Development Potential

      186 acres with lake frontage, tillable land, and hunting lodge.
      7050 N Van Guilder Rd, Fremont, IN 46737
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo
      1,600 SF

      Fremont Mixed-Use Commercial Space

      Unique 1600 SF mixed-use space in Fremont, Indiana.
      304 S Wayne St, Fremont, IN 46737
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      High-End Storage Condominiums For Rent

      Quality storage condominiums with customization options available for rent.
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      25,600 SF

      Fremont Warehouse Space Available

      25,600 sq ft warehouse space for lease.
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    • $10 SF/Yr

      Fremont Campus Land Opportunity

      Prime land for lease near popular destinations and major highways.
      6245 Old Us 27, Fremont, IN 46737
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    • $1,600 /Mo
      2,400 SF

      Fremont Mixed-Use Retail/Office/Restaurant Space

      Versatile space near I-69 and Toll road exits.
      6843 N Old 27 Hwy, Fremont, IN 46737
      View Details
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    Fremont, IN 46737
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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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