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Property profile & analytics
OFF-MARKET
Estimated value
$5,465,000
Manufacturing properties
1827 Bendix Dr, South Bend, IN 46628-1602
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2323618
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
204,772 SF
Lot
7.6 ac (331,056 SF)
APN
71-03-33-426-006.000-026
UPID
US31-2323618
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
-
Mindful LLC Warehouse & Storage
-
St Vincent De Paul Society Building Society
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.47M
Owner & transaction history
Hollingsworth Capital Partners Kent · 5 yrs held
Hollingsworth Capital Partners Kent
since 2021
Last sale
$5.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.0M
+85.6%
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 South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend 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
$5,330,000
ML approach
$5,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,995,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$5.47M
Range $4.92M – $6.01M · ±10% · vs last sale $5.30M (Jan 13 2021)
Last sale anchor
$5.30M
Jan 13 2021
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
$27 / 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
$54,086
Tax year 2023
Assessed value
$1,598,300
Assessed 2023
Previous assessed
$1,598,300
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$101,300
Assessed improvement
$1,497,000
Land market value
$101,300
Improvement market value
$1,497,000
Total market value
$1,598,300
Applied tax rate
26.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
204,772 SF
Lot
7.6 ac (331,056 SF)
APN
71-03-33-426-006.000-026
UPID
US31-2323618
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
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
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1961
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
7.6 ac
Current owner
From public records · entity-resolved
Hollingsworth Capital Partners Kent
Entity
Free & Clear · 5 yrs held
Mailing address
2 CTR PLZ, CLINTON, TN 37716-3960
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2021
$5,300,000
Hollingsworth Capital Partners Kent
1827 Bendix Assoc LLC
Warranty Deed
—
Apr 9, 2015
—
1827 Bendix Associates LLC
1827 Bendix Holdings LLC
Warranty Deed
$1,698,000 · Mutual Bank
Jun 26, 2013
—
1827 Bendix Holdings LLC
Centerpoint Properties Trust
Warranty Deed
—
Nov 28, 2007
—
The City Of South Bend
Centerpoint Properties Trust
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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