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    Property profile & analytics

    500 Commerce Dr Lakeville, IN 46536-9556

    • Warehouses
    • 8,000 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Oct 07, 2024
    Location Intelligence
    Property ID
    US31-3155689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 500 Commerce Dr

    Year built
    1997
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.54 lot acres
    Property size
    8,000 SF
    Property type
    Warehouses
    APN
    71-13-34-277-008.000-028
    APU
    711334277008000028

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2757
    Latitude
    41.5283
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,086
    $9,500
    $51,100
    $60,600
    -
    $9,500
    $51,100
    $60,600

    Comparable in this City

    • Value Estimation
      $545,000
      36,872 SF

      555 Michigan St

      STORAGE YARD, OPEN STORAGE • 36,872 SF
      555 Michigan St, Lakeville, IN 46536-9801
      View Details
    • Value Estimation by Request
      2,400 SF

      300 Block Of W Patterson St

      WAREHOUSE, STORAGE • 2,400 SF
      300 Block Of W Patterson St, Lakeville, IN 46536
      View Details
    • Value Estimation by Request
      4,160 SF

      Side Rush St St

      WAREHOUSE, STORAGE • 4,160 SF
      Side Rush St St, Lakeville, IN 46536
      View Details
    • Value Estimation by Request
      1,136 SF

      65014 Us Hwy 31

      STORAGE YARD, OPEN STORAGE • 1,136 SF
      65014 Us Hwy 31, Lakeville, IN 46536-9384
      View Details
    • Value Estimation by Request
      2,460 SF

      305 Lorraine Ln

      MINI-WAREHOUSE, STORAGE • 2,460 SF
      305 Lorraine Ln, Lakeville, IN 46536
      View Details
    • Value Estimation
      $370,000
      2,640 SF

      Ee Si 31st N Of Shively

      STORAGE YARD, OPEN STORAGE • 2,640 SF
      Ee Si 31st N Of Shively, Lakeville, IN 46536
      View Details

    Similar Nearby for Sale

    • $525,000
      2.30 Acres

      500 Commerce Dr, Lakeville, IN 46536

      Commercial real estate • 2.30 Acres
      500 Commerce Dr, Lakeville, IN 46536
      View Details
    • $195,000
      1.91 Acres

      Lakeville Commercial Land - $195K

      1.9 Acres, High-Traffic Corner Lot
      0 Us 31 & Pierce Rd, Lakeville, IN 46536
      View Details
    • Contact for pricing
      0.13 Acres

      Commercial Land in Lakeville, IN

      Prime commercial land in Lakeville, ready for development.
      213 S Michigan St, Lakeville, IN 46536
      View Details
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    500 Commerce Dr
    Lakeville, IN 46536-9556
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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