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Property profile & analytics
OFF-MARKET Estimated value $1,225,000
Warehouses

1101 Stonebraker Dr Kendallville, IN 46755-1028

69,080 SF 4.12 ac lot Built 1988
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1594481
Property summary
AI-generated overview

This exceptional 71,000-square-foot industrial warehouse, situated on 4.12 acres in Kendallville, Indiana, presents a compelling investment opportunity. Built in 1988, the property boasts a single-tenant occupancy and is zoned for high-intensity industrial use. The warehouse features 20-foot ceilings, enhancing storage capacity, and includes five loading docks for efficient shipping and receiving, along with one 14-foot grade-level door. Power is supplied by a robust 1600A/480V/3PH system. The building is fully sprinklered for fire safety and incorporates energy-efficient LED lighting. Interior walls are finished with liner panel. Ample on-site parking is available. Heating is provided by gas unit heaters in the warehouse and gas forced air with central air conditioning in the office spaces. Municipal water and sewer services are connected. The 3,800-square-foot office space is a significant asset, spread across two floors. The first floor comprises three private offices, a reception area, and a break room. The second floor offers two private offices, a conference room, a large open area suitable for cubicles, and a dedicated IT/networking room. Additional office space is available within the warehouse itself, including a small shipping office and three large offices in a rear plant addition. This property enjoys a highly convenient location in Kendallville, easily accessible from US Highway 6 and State Road 3, surrounded by a variety of restaurants, retail establishments, and other commercial businesses. The property's address is 1101 Stonebraker Drive, Kendallville, IN 46755, within Noble County.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 69,080 SF
Lot 4.12 ac (179,641 SF)
APN 57-07-29-300-002.000-020
UPID US31-1594481
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$940k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.23M
Owner & transaction history
BMKJ REALTY INC
BMKJ REALTY INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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