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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Medical Office Space
1004 Pkwy Ave Elkhart, IN 46516-9348
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-2963471
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
17,612 SF
Lot
3.14 ac (136,778 SF)
Zoning code
ZO01
APN
20-07-07-102-002.000-039
UPID
US31-2963471
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
-
LANA JOHNSON LCSW Consultant
-
Great Lakes Anesthesia, PC Medical Clinic
-
Crossroads Healing Arts: Boyer Kelly J MSN, CNP Physician
-
CleanSlate Outpatient Addiction Medicine Physician
-
Crossroads Healing Arts Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.28M
Owner & transaction history
Offices On 17 LLC · 7 yrs held
Offices On 17 LLC
since 2018
1 recorded transaction
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CHAPTER 151: ZONING CODE
Top alternative use upside
Auto repair, garage
$1.8M
+92.6%
Restaurant
$1.5M
+57.8%
Retail stores
$1.1M
+15.9%
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 Elkhart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkhart 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$955,000
Current use
AUTO REPAIR, GARAGE
$1,840,000
Change: +93% · Conversion: Difficult
RESTAURANT
$1,510,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$995,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$860,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
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
$55,353
Tax year 2023
Assessed value
$1,833,300
Assessed 2023
Previous assessed
$1,833,300
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$634,400
Assessed improvement
$1,198,900
Land market value
$634,400
Improvement market value
$1,198,900
Total market value
$1,833,300
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
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
17,612 SF
Lot
3.14 ac (136,778 SF)
Zoning code
ZO01
APN
20-07-07-102-002.000-039
UPID
US31-2963471
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Elkhart, INZoning ZO01 · permitted uses
ZO01 · Elkhart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 151: ZONING CODE
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$995,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$860,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
Offices On 17 LLC
Entity
Mailing address
120 W LEXINGTON AVE, ELKHART, IN 46516-3117
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2018
—
Offices On 17 LLC
Parkway Plaza LLC
Warranty Deed
$1,190,000 · Lake City Bank
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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