Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Warehouse in Multi-Building Complex Title is generated by Realmo AI

    4411 Wyland Drive, Elkhart, IN 46516

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Multi-building industrial space suited for logistics, manufacturing, assembly, or service operations with shared infrastructure.

    Type:Industrial
    Property size:
    34,755 SF
    Price / SF:
    $69/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 1:55 am

    Property Features for 4411 Wyland Drive

    General Information

    Standard status
    Active
    Size
    34,755 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Andy Knapick
    Andy Knapick

    Listing agent Andy Knapick License #RB19002068

    Listing office Pinnacle Properties

    Listing date May 27, 2026

    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 Pinnacle Properties

    HighLights

    • 34,755 SF industrial space in a multi‑building industrial complex with shared infrastructure
    • Year built: 1991
    • Suitable for manufacturing, assembly, logistics, or service operations
    • Convenient Elkhart access to major regional routes including the I‑80/90 toll road and US 20

    Overview

    This offering includes 34,755 square feet of industrial space within a multi-building industrial complex featuring shared infrastructure. The layout is suitable for a range of operational uses, including manufacturing, assembly, logistics, or service-oriented activities.

    The property is positioned in Elkhart, with convenient access to major regional transportation routes. The area provides connectivity to the I-80/90 toll road and US 20, supporting efficient movement for inbound materials and outbound shipments.

    For tenants, manufacturers, and distributors, this warehouse and distribution-oriented environment supports flexible industrial use across manufacturing, assembly, logistics, and service operations. The shared infrastructure within the complex can also streamline day-to-day support functions common to industrial facilities.
    Location Intelligence

    Current Use by Public Records

    D-BAT Elkhart Arcade & Gaming Center Custom RV repair Auto Repair Shop Joshica's Planet Canine ... Animal Training

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.900134
    Latitude
    41.691197

    Nearby Similar for Sale

    • $599,900

      Elkhart Downtown Investment Opportunity

      Multi-tenant office and coworking space with income and upside potential.
      223 S Main Street, Elkhart, IN 46514
      View Details
    • $295,000
      5,920 SF

      Elkhart Mixed-Use Manufacturing Building

      6000 SF M1-zoned building with manufacturing and office space.
      808 S 9th Street, Elkhart, IN 46516
      View Details
    • $575,000

      Elkhart Office/Medical/Dental Opportunity

      Office building for sale in Elkhart, Indiana.
      105 N Nappanee Street, Elkhart, IN 46514
      View Details
    • $650,000

      Elkhart Bed & Breakfast Opportunity

      Bed & Breakfast with income potential in Elkhart, Indiana.
      529 S Second Street, Elkhart, IN 46516
      View Details
    • $295,000

      Versatile Commercial Property in Elkhart

      B-1 zoned property suitable for retail, office, or service businesses.
      21807 State Road 120 Road, Elkhart, IN 46516
      View Details
    • $499,000
      10,290 SF

      Elkhart Multifamily Investment Opportunity

      12-unit property with income and value-add potential in Elkhart.
      701 W Beardsley Avenue, Elkhart, IN 46514
      View Details
    • $2,799,900

      Elkhart Manufacturing Facility For Sale

      Well-maintained manufacturing property with potential rail siding in Elkhart, Indiana.
      2700 Industrial Parkway, Elkhart, IN 46516
      View Details
    • $499,000

      Elkhart Multifamily Investment Opportunity

      12-unit property with income and value-add potential in Elkhart.
      701 W Beardsley Avenue, Elkhart, IN 46514
      View Details
    • $324,900
      1,311 SF

      Updated Duplex For Long-Term Renters

      Well maintained duplex with recent roof, water heater updates, and newer HVAC systems in Concord Schools.
      23724/23726 Springriver Drive, Elkhart, IN 46516
      View Details
    • $25,000

      Elkhart Restaurant/Bar Investment Opportunity

      Commercial property with restaurant infrastructure and redevelopment potential in Elkhart.
      900 S Main Street, Elkhart, IN 46516-3710
      View Details
    • $225,000

      Well-Maintained Office Units

      Two well-maintained office units with straightforward access along a busy road in Elkhart.
      2603 Toledo Rd, Elkhart, IN 46516-5769
      View Details
    • $324,900
      1,435 SF

      Updated Duplex Investment

      Well maintained duplex with recent roof and water heater updates, located in Concord Schools.
      23692/23694 Springriver Drive, Elkhart, IN 46516
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Multi-building industrial space suited for logistics, manufacturing, assembly, or service operations with shared infrastructure.
    Where is this manufacturing property located?
    The property is located at 4411 Wyland Drive Elkhart, IN.
    What is the asking price?
    The asking price for this property is $2,431,112.
    What are key features of this property?
    This property features: 34,755 SF industrial space in a multi‑building industrial complex with shared infrastructure; Year built: 1991; Suitable for manufacturing, assembly, logistics, or service operations
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andy Knapick
    Andy Knapick
    Real Estate License ID: RB19002068
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4411 Wyland Drive, Elkhart, IN 46516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!