OFF-MARKET
Medical Office Space
Entity Owned
1-yr Hold
~
Est. High Equity
Entity Owned Property summary
AI-generated overview
This exceptional 21,540-square-foot executive office building in St. John, Indiana, presents a unique single-tenant opportunity. Built in 2007, the property sits on a 1.625-acre lot and offers completely vacant space, ready for immediate occupancy. Its strategic location just off Route 41/Wicker, directly across from a new shopping mall and near other established businesses (including a former K-mart and Chase Bank), ensures high visibility and accessibility. The building's prime location is in one of St. John's fastest-growing commercial areas. While the building currently offers a large, single space, it's adaptable to various business needs. The property is well-maintained and presents a professional image, ideal for established businesses seeking expansion or startups requiring a high-quality workspace. The building's size allows for flexibility in space configuration, accommodating businesses of various sizes. This is an excellent opportunity to secure a prominent location in a thriving commercial area. The property's size and location make it an attractive option for businesses seeking a significant presence in St. John.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
21,540 SF
Lot
1.63 ac (70,785 SF)
Zoning code
R33
APN
45-11-32-283-002.000-035
UPID
US31-0671271
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$810k
Owner & transaction history
since 2025
6 recorded transactions
Zoning & alternative use
R33 · Saint John, IN
Top alternative use upside
Industrial (general)
$1.2M
+31.6%
Apartment house (5+ units)
$1.2M
+31.2%
Commercial (general)
$1.1M
+24.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$810k
Value range
$729k – $891k
±10% around blend
Estimated value / SF
$38 / SF
Confidence
Property data
88
Comparable evidence
60
$729k
blend $810k
$891k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,540 SF
Lot area
1.63 ac
Year built
2007
Stories
3
APN
45-11-32-283-002.000-035
Assessed value
$2,138,300
Annual tax
$38,986
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.09M
Range $546k – $1.42M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$810k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+32%
vs current-use indication
Apartment House (5+ Units)
Commercial (general)
Retail Stores
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.14M
Move the market yield to see immediate price impact.
Value / SF
$99
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$135k
$2.69M
$1.92M
$1.50M
$150k
$2.99M
$2.14M
$1.66M
$165k
$3.29M
$2.35M
$1.83M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$38,986
Tax year 2022
Assessed value
$2,138,300
Assessed 2023
Previous assessed
$2,126,800
+0.5% YoY
Effective rate
1.82%
On assessed value
Assessed land
$351,000
Assessed improvement
$1,787,300
Land market value
$351,000
Improvement market value
$1,787,300
Total market value
$2,138,300
Applied tax rate
35.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Stories
3
Total area
21,540 SF
Lot
1.63 ac (70,785 SF)
Zoning code
R33
APN
45-11-32-283-002.000-035
UPID
US31-0671271
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Saint John, INZoning R33 · permitted uses
R33 · Saint John, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
NONE
Stories
3
Lot
1.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R33
Jurisdiction
Saint John, IN
Recorded code
R33
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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