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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
2701 Industrial Pkwy Elkhart, IN 46516-5441
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-1002660
Property summary
AI-generated overview
This exceptional Elkhart, Indiana industrial property, located at 2701 Industrial Pkwy, 46516, offers a diverse range of manufacturing spaces for lease. The single-story, 28,170 square foot building, constructed in 1967 and classified as Class B, sits on a 2.275-acre lot within the Industrial Park submarket. The property features eight suites in total, with available spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 8,000 square feet. Ceiling heights range from 16 to 20 feet, providing ample vertical space. Convenient access is provided by eight dock-high doors and five drive-in doors. The property boasts 440-volt power, ideal for various manufacturing operations. The M-1 zoning ensures suitability for a wide array of industrial uses. This location offers easy access to Middlebury Street, making it an attractive option for businesses seeking convenient transportation and logistics. The property is well-suited for startups and small businesses. While specific amenities are not guaranteed, potential access to training and conference rooms may be available.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
28,170 SF
Lot
2.75 ac (119,790 SF)
Zoning code
ZO01
APN
20-06-02-327-003.000-012
UPID
US31-1002660
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
-
P T Services Inc Industrial Manufacturer
-
Homestead Finance Corporation Loan Service
-
PetesGolfCarts.com Auto Parts Store
-
Wise Guys Auto Parts Store
-
Prism Machine Technologies Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$590k
Owner & transaction history
Ja Rv LLC · 2 yrs held
Ja Rv LLC
since 2024
2 recorded transactions
Zoning & alternative use
ZO01 · Elkhart, IN
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 Elkhart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkhart 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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$21 / 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
$28,720
Tax year 2023
Assessed value
$617,600
Assessed 2023
Previous assessed
$617,600
+0.0% YoY
Effective rate
4.65%
On assessed value
Assessed land
$92,500
Assessed improvement
$525,100
Land market value
$92,500
Improvement market value
$525,100
Total market value
$617,600
Applied tax rate
12.0000
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
1967
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
2
Stories
1
Total area
28,170 SF
Lot
2.75 ac (119,790 SF)
Zoning code
ZO01
APN
20-06-02-327-003.000-012
UPID
US31-1002660
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Elkhart, INZoning ZO01 · permitted uses
ZO01 · Elkhart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 151: ZONING CODE
Building & site characteristics
From public records
Year built
1967
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Buildings
2
Lot
2.75 ac
Current owner
From public records · entity-resolved
Ja Rv LLC
Entity
Mailing address
60 CUTTERMILL RD, GREAT NECK, NY 11021-3131
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
—
Ja Rv LLC
Eastpoint Business Centre LLC
Warranty Deed
$650,000 · Old National Bank
—
—
Eastpoint Business Centre LLC
—
Deed Of Trust
related
$265,626 · Mutual 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.
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