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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Manufacturing properties
1060 Waterford St Wakarusa, IN 46573-9305
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0654077
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
WOOD
Total area
104,475 SF
Lot
13.1 ac (570,505 SF)
Zoning code
ZO01
APN
20-10-30-351-007.000-017
UPID
US31-0654077
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
-
Thor 450 Corporate Office
-
Thor motor coach, plant 450 Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$4.60M
Owner & transaction history
High Level Enterprises INC · 2 yrs held
High Level Enterprises INC
since 2024
6 recorded transactions
Zoning & alternative use
ZO01 · Wakarusa, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+38.6%
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 Wakarusa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wakarusa 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
INDUSTRIAL (GENERAL)
$3,685,000
Current use
COMMERCIAL (GENERAL)
$5,110,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±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
$44 / 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
$127,808
Tax year 2023
Assessed value
$5,233,000
Assessed 2023
Previous assessed
$5,233,000
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$372,300
Assessed improvement
$4,860,700
Land market value
$372,300
Improvement market value
$4,860,700
Total market value
$5,233,000
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
104,475 SF
Lot
13.1 ac (570,505 SF)
Zoning code
ZO01
APN
20-10-30-351-007.000-017
UPID
US31-0654077
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Wakarusa, INZoning ZO01 · permitted uses
ZO01 · Wakarusa, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
13.1 ac
Current owner
From public records · entity-resolved
High Level Enterprises INC
Entity
Mailing address
28767 HOLIDAY PL, ELKHART, IN 46517-1109
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
—
High Level Enterprises INC
—
Deed
related
$3,068,000 · Business Development Corporation
Apr 10, 2024
—
High Level Enterprises INC
Thor Motor Coach INC
Warranty Deed
$3,750,000 · 1st Source Bank
Dec 29, 2021
$11,375
Board Of Commissioners Of Cnty Of E
Thor Motor Coach INC
Warranty Deed
—
May 8, 2017
—
Thor Motor Coach INC
Tradewinds International LLC
Warranty Deed
—
Mar 27, 2014
—
Tradewinds International LLC
First Source Bk
Grant Deed
—
Mar 12, 2014
—
Source Bk First
Schwab-miller LLC
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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