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Property profile & analytics
OFF-MARKET
Warehouses
500 Collins Rd, Elkhart, IN 46516
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0863468
Property summary
AI-generated overview
This 9,216-square-foot manufacturing building in Elkhart, Indiana, presents a fantastic opportunity. Situated on a 1.04-acre lot at 500 Collins Rd, this single-tenant property boasts convenient access to the CR 17 corridor. Built in 1966 and extensively renovated in 2022, the building features a 12-foot ceiling height and is zoned M-1 Light Industrial. The property includes three offices with a covered patio, one loading dock with a new door, and two new grade-level drive-in doors. Additional features include a new furnace, a tool crib, a small fenced outside storage area, and city water and sewer. Electrical service is robust, with 1200 amp/480 volt/3-phase and 200 amp/120/240v/single-phase power. The property is located on Collins Road and Industrial Pkwy in Elkhart County, Indiana, zip code 46516. Annual property taxes are $0.61 per square foot. The entire building is currently vacant.
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
9,450 SF
Lot
0.58 ac (25,265 SF)
APN
20-06-02-326-002.000-012
UPID
US31-0863468
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
Yy Real Estate Holdings LLC · 1 yrs held
Yy Real Estate Holdings LLC
since 2025
4 recorded transactions
Zoning & alternative use
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 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)
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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
$5,688
Tax year 2023
Assessed value
$185,600
Assessed 2023
Previous assessed
$185,600
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$29,000
Assessed improvement
$156,600
Land market value
$29,000
Improvement market value
$156,600
Total market value
$185,600
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
9,450 SF
Lot
0.58 ac (25,265 SF)
APN
20-06-02-326-002.000-012
UPID
US31-0863468
Jurisdiction
ELKHART
Zoning & alternative use
Zoning · permitted uses
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
1966
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Yy Real Estate Holdings LLC
Entity
Mailing address
55960 DANA DR, BRISTOL, IN 46507-9512
Ownership since
2025
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, 2025
—
Yy Real Estate Holdings LLC
John Petrofsky
Warranty Deed
$600,000 · Interra Cu
Sep 27, 2021
—
John Petrofsky
Rands Companies LLC
Warranty Deed
—
May 29, 2020
—
Rands Companies LLC
Dexter Axle Co
Grant Deed
—
Oct 23, 2012
—
Dexter Axle Co
Tomkins Industries INC
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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