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Property profile & analytics
OFF-MARKET
Specialty properties
207 Elkhart St Wakarusa, IN 46573-9729
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-2755913
Property summary
AI-generated overview
This exceptional 9,560-square-foot medical office building presents a compelling investment opportunity. Located at 207 N Elkhart St, Wakarusa, IN 46573, this Class B property boasts a prime location near SR 19, surrounded by retail and residential areas. Built in 1957, the building sits on a 0.765-acre lot encompassing four parcels (APN: 20-09-26-481-011.000-025
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1958
Lot
0.14 ac (6,011 SF)
Zoning code
ZO01
APN
20-09-26-481-017.000-025
UPID
US31-2755913
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
-
Aroba Sadaf, DO - Beacon Medical Group Wakarusa Pediatrician Physician
-
Dr. Danielle Russo Pediatrician Physician
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
Able Medical LLC · 1 yrs held
Able Medical LLC
since 2024
3 recorded transactions
Zoning & alternative use
ZO01 · Wakarusa, 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 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
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
Assessed value
$17,700
Assessed 2023
Previous assessed
$17,700
+0.0% YoY
Assessed land
$13,800
Assessed improvement
$3,900
Land market value
$13,800
Improvement market value
$3,900
Total market value
$17,700
Applied tax rate
25.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1958
Heating
NONE
Lot
0.14 ac (6,011 SF)
Zoning code
ZO01
APN
20-09-26-481-017.000-025
UPID
US31-2755913
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
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Able Medical LLC
Entity
Mailing address
207 N ELKHART ST, WAKARUSA, IN 46573-9729
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Able Medical LLC
Beacon Medical Group INC
Warranty Deed
$312,000 · Interra Cu
Jun 25, 2024
—
Beacon Medical Group INC
Beacon Medical Group INC
Re-recorded Document
related
—
Dec 20, 2017
—
Beacon Medical Group INC
Wakarusa Medical Clinic 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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