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Property profile & analytics
OFF-MARKET
Medical Office Space
919 Jefferson Blvd South Bend, IN 46617-3112
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-1911216
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
11,544 SF
Lot
1.03 ac (44,867 SF)
APN
71-08-12-277-008.000-026
UPID
US31-1911216
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
-
The Dental Center of South Bend Dental Office
-
Michael D Rader Inc Dental Office
-
Wood Grace Employment Agency
-
Donley Rita Physician Medical Clinic
-
jd mcdonald Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lleq Real Estate Fund I LLC · 2 yrs held
Lleq Real Estate Fund I LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,581
Tax year 2023
Assessed value
$608,200
Assessed 2023
Previous assessed
$608,200
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$133,900
Assessed improvement
$474,300
Land market value
$133,900
Improvement market value
$474,300
Total market value
$608,200
Applied tax rate
26.0000
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
2022
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
11,544 SF
Lot
1.03 ac (44,867 SF)
APN
71-08-12-277-008.000-026
UPID
US31-1911216
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Lleq Real Estate Fund I LLC
Entity
Mailing address
1014 MARENGO DR, GLENDALE, CA 91206-4814
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
—
Lleq Real Estate Fund I LLC
South Bend In 919 E Jefferson LLC
Warranty Deed
$3,250,000 · Boston Mutual Life Insurance C
Dec 27, 2021
—
South Bend In 919 E Jefferson LLC
Jefferson 919 Associates LLC
Warranty Deed
—
Jan 18, 2018
—
Jefferson 919 Assoc LLC
Clement Properties LLC
Quit Claim Deed
related
—
Dec 13, 2017
—
Jefferson 919 Associates LLC
Clement Properties LLC
Quit Claim Deed
related
—
Oct 26, 2017
$95,538
Clement Properties LLC
St Joseph County Auditor
Sheriffs Deed
related
—
Mar 10, 2010
$1,307,580
Jericho All Weather Opportunity Fun
Medivantage Jefferson Medical Build
Sheriffs Deed
related
—
Jan 8, 2010
—
Jawof Jefferson Office Building LLC
Jericho All Weather Opportunity Fun
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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