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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
841 Un St Warsaw, IN 46580-4702
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US31-1780404
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
WOOD
Total area
10,950 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R-1
APN
43-11-17-400-938.000-032
UPID
US31-1780404
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
-
Orthodontic Specialty Services - Dr. Aron Dellinger DDS Dental Office
-
Apex Endodontics Warsaw Dental Office
-
Ketcham Bob DDS Dental Office
-
Dellinger Gene DDS Dental Office
-
Moore Lisa M DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$520k
Owner & transaction history
Eugeneius Properties LLC · 10 yrs held
Eugeneius Properties LLC
since 2016
1 recorded transaction
Zoning & alternative use
R-1 · Warsaw, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Planned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-…
Zone name
Single Family Residential District
General category
CIVIC_INSTITUTIONAL
Zone area
2,916.97 ac
Source
code of ordinances
Top alternative use upside
Retail stores
$840,000
+19.3%
Apartment house (5+ units)
$830,000
+17.8%
Commercial (general)
$730,000
+3.7%
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 Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw 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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$705,000
Current use
RETAIL STORES
$840,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$730,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$47 / 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
$17,481
Tax year 2023
Assessed value
$708,500
Assessed 2023
Previous assessed
$708,500
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$91,500
Assessed improvement
$617,000
Land market value
$91,500
Improvement market value
$617,000
Total market value
$708,500
Applied tax rate
32.0000
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
2002
Construction
WOOD
Heating
NONE
Stories
2
Total area
10,950 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R-1
APN
43-11-17-400-938.000-032
UPID
US31-1780404
Jurisdiction
KOSCIUSKO
Zoning & alternative use
R-1 · Warsaw, INZoning R-1 · permitted uses
R-1 · Warsaw, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Planned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-2, C-3, C-4, C-5 and I-1 zone districts. 2. Full scale printing operations are located in the I-1, I-2 and I-3 zone districts. bb. Recreation facilities for indoor use shall be permitted in the R-3, C-2, C-3, C-4,
Zone name
Single Family Residential District
General category
CIVIC_INSTITUTIONAL
Zone area
2,916.97 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$705,000
RETAIL STORES
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$700,000
MEDICAL BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2002
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Eugeneius Properties LLC
Entity
Mailing address
1120 E DUPONT RD, FORT WAYNE, IN 46825-1556
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2016
—
Eugeneius Properties LLC
Flying Cat LLC
Warranty Deed
$359,098 · Iab Financial Bank
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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