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Property profile & analytics
OFF-MARKET
Warehouses
2701 Lexington Ave Elkhart, IN 46514-1411
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0958461
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Construction
WOOD
Total area
3,300 SF
Lot
1.17 ac (50,965 SF)
Zoning code
ZO01
APN
20-05-01-327-008.000-006
UPID
US31-0958461
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
-
CoinFlip Bitcoin ATM Business To Business Service Commercial Agent
-
Phillips 66 Gas Station
-
HKB Inc Grocery & Convenience Store
-
Bitcoin Depot - Bitcoin ATM Atm Crypto Atm
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
Shree Murlidhar INC · 1 yrs held
Shree Murlidhar INC
since 2024
5 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
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
$8,629
Tax year 2023
Assessed value
$281,000
Assessed 2023
Previous assessed
$281,000
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$41,400
Assessed improvement
$239,600
Land market value
$41,400
Improvement market value
$239,600
Total market value
$281,000
Applied tax rate
6.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
3,300 SF
Lot
1.17 ac (50,965 SF)
Zoning code
ZO01
APN
20-05-01-327-008.000-006
UPID
US31-0958461
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
1992
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
1.17 ac
Current owner
From public records · entity-resolved
Shree Murlidhar INC
Entity
Free & Clear · 1 yrs held
Mailing address
51349 E GILROY CT, GRANGER, IN 46530-4727
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Shree Murlidhar INC
Lakshmeevaan LLC
Land Contract
—
Jun 15, 2022
—
Lakshmeevaan LLC
Wealthy Investments LLC
Warranty Deed
$350,000 · Lake City Bank
May 27, 2014
—
Wealthy Investment LLC
Hkb INC
Warranty Deed
$250,000 · Diversified Realestate LLC
Apr 12, 2006
—
Hkb INC
P & P Mini Mart
Grant Deed
related
—
Feb 9, 2005
—
P & P Mini-mart INC
B & R Oil Co INC
Warranty Deed
$1,014,500 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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