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Property profile & analytics
OFF-MARKET
Manufacturing properties
14489 Us Hwy 20 Middlebury, IN 46540-9733
Individually Owned
5-yr Hold
Free & Clear
Property ID
US31-1127952
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
49,682 SF
Lot
13.66 ac (594,942 SF)
Zoning code
ZO01
APN
20-08-08-451-003.000-034
UPID
US31-1127952
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of Indiana · 5 yrs held
State Of Indiana
since 2020
Last sale
$96,066
7 recorded transactions
Zoning & alternative use
ZO01 · Middlebury, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,850
Tax year 2023
Assessed value
$2,933,500
Assessed 2023
Previous assessed
$2,933,500
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$408,100
Assessed improvement
$2,525,400
Land market value
$408,100
Improvement market value
$2,525,400
Total market value
$2,933,500
Applied tax rate
34.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1964
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
3
Stories
1
Bathrooms
2
Total area
49,682 SF
Lot
13.66 ac (594,942 SF)
Zoning code
ZO01
APN
20-08-08-451-003.000-034
UPID
US31-1127952
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Middlebury, IN
Zoning ZO01 · permitted uses
ZO01 · Middlebury, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlebury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Buildings
3
Bathrooms
2
Lot
13.66 ac
Current owner
From public records · entity-resolved
State Of Indiana
Individual
Free & Clear · 5 yrs held
Mailing address
14441 US HWY 20, MIDDLEBURY, IN 46540-9733
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
State Of Indiana
Royal Motors Of Middlebury INC
Quit Claim Deed
related
—
Dec 10, 2020
$96,066
State Of Indiana
Sandy Hill Acres LLC
Warranty Deed
—
Nov 19, 2020
—
Paul Schlabach
Wayne E Miller
Warranty Deed
$160,000 · First St Bk/middlebury
Mar 12, 2020
—
Sandy Hill Acres LLC
—
Deed
related
$1,075,000 · Lake Cty Bk
Mar 5, 2020
—
Sandy Hill Acres LLC
—
Deed
related
$885,000 · Business Dev
Feb 3, 2020
$17,500
Wayne E Miller
Hnhb LLC
Warranty Deed
—
Jan 21, 2020
$29,766
State Of Indiana
Hnhb LLC
Warranty Deed
—
Jan 10, 2020
—
Sandy Hill Acres LLC
Lcm Realty Vii LLC
Warranty Deed
$1,935,000 · Lake City Bank
Dec 17, 2013
—
Lcm Realty Vii LLC
Chicago Lands LLC
Warranty Deed
—
Jul 30, 2012
—
Chicago Lands LLC
Hnhb LLC
Grant Deed
$1,100,000 · First Source Bank
—
—
Sandy Hill Acres LLC
—
Deed Of Trust
related
$885,000 · Business Dev
—
—
Sandy Hill Acres LLC
—
Loan Modification
related
$1,075,000 · Lake Cty Bk
—
—
Hnhb LLC
—
Deed Of Trust
related
$1,400,000 · Fifth Third 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.
Try Rey
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