232-246 Waterfall Dr Elkhart, IN 46516
Commercial property in Elkhart, Indiana, with revitalization projects underway.
- Added:
- Apr 1, 2022
- Days on Market:
- 1563
- Last Refresh:
- May 20 at 8:15 pm
Property Features for 232-246 Waterfall Dr
General Information
- Standard status
- Active
- Size
- 23,180 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing office Bradley Company Elkhart (574) 849-5002
Listing date Apr 1, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company Elkhart
Investment Insights
Based on property information with market context.
Key Highlights
- Located in Elkhart, the RV Capital of the world.
- Downtown revitalization projects are underway.
- State‑of‑the‑art aquatic and fitness center being built.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.7k | $18.84 |
| − Vacancy | −$117.5k | −$5.07 |
| EGI | $319.2k | $13.77 |
| − OpEx | −$79.8k | −$3.44 |
| NOI | $239.4k | $10.33 |
