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    Property profile & analytics

    8635 300th W Lake Village, IN 46349-9413

    • Retail space
    • 13,600 SF
    • 3.33 lot acres
    OFF-MARKET
    Value Estimations
    $810,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2577373
    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.

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 8635 300th W

    Year built
    1975
    Construction
    WOOD
    Lot size
    3.33 lot acres
    Property size
    13,600 SF
    Property type
    Retail space
    APN
    56-04-22-223-003.000-012
    APU
    560422223003000012

    Description

    This exceptional investment opportunity presents a 13,604 square foot convenience store, currently leased to Dollar Tree/Family Dollar under a Net Lease agreement. The property, located at 8635 N 300 W, Lake Village, IN 46349, boasts a strong 9.00% cap rate and a substantial NOI of $91,934. Built in 1975 and renovated in 2013, the property sits on a 3.3-acre lot. The current lease, with a remaining term of approximately 3.5 years, extends to May 31, 2028, following a recent extension and rent increase in July 2023. This demonstrates the tenant's commitment to the location. The lease includes 10% rent increases in each of the four remaining 5-year option periods. Dollar Tree/Family Dollar, a publicly traded Fortune 500 company with an S&P investment grade credit rating of BBB, is responsible for all operating expenses including property taxes, insurance, HVAC, and utilities. Landlord responsibilities are limited to roof and structure maintenance. The asking price is $1,022,000, translating to a price per square foot of $75.12. The property's strategic location, an hour south of Chicago, Illinois, within the Chicago MSA, offers significant advantages. Chicago's robust economy, large population, and numerous Fortune 500 companies contribute to a stable and attractive investment environment. This is a rare opportunity to acquire a high-performing, low-maintenance retail property with a strong, creditworthy tenant and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Village
    County
    Newton
    State
    Indiana
    Longitude
    -87.4477
    Latitude
    41.1247
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN 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
    $7,242
    $70,900
    $326,100
    $397,000
    -
    $70,900
    $326,100
    $397,000

    Comparable in this City

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      1651 600th W

      RETAIL STORES (PERSONAL SERVICES) • 1,450 SF
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    • Value Estimation by Request
      6,968 SF

      9485 307th W

      RETAIL STORES (PERSONAL SERVICES) • 6,968 SF
      9485 307th W, Lake Village, IN 46349-4323
      View Details
    • Value Estimation by Request
      2,048 SF

      1273 900th N

      RETAIL STORES (PERSONAL SERVICES) • 2,048 SF
      1273 900th N, Lake Village, IN 46349-9305
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    • Value Estimation by Request
      2,653 SF

      8630 300th W

      CONVENIENCE STORE • 2,653 SF
      8630 300th W, Lake Village, IN 46349-9413
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    • Value Estimation by Request
      3,012 SF

      8721 300th W

      FINANCIAL BUILDING • 3,012 SF
      8721 300th W, Lake Village, IN 46349
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    • Value Estimation by Request
      2,107 SF

      3347 State Rd 10

      CONVENIENCE STORE • 2,107 SF
      3347 State Rd 10, Lake Village, IN 46349-9466
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    Lake Village, IN 46349-9413
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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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