Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
5005 Lincolnway E Mishawaka, IN 46544-4250
Entity Owned
~
Est. High Equity
Property ID
US31-1680099
Property summary
AI-generated overview
This Mishawaka, Indiana industrial property offers 16,160 square feet of warehouse space in a single, Class B building situated on 1.98 acres of land. The property features a 306-foot frontage on heavily trafficked Lincolnway East (16,000+ cars daily, per INDOT). The building boasts a 14-foot ceiling height and includes one loading dock, along with 25 total parking spaces. Zoned I-1 (Light Industrial), this location provides excellent access to major roadways, including IN-331/Capital Ave (1.5 miles), US 20 Bypass (4 miles), IN-19 in Elkhart (5 miles), and the Indiana Toll Road (6.5 miles). Three suites are available: Suite A (4,800 SF) includes office space (2,800 SF) with radiant heat, a loading dock, and warehouse space (2,000 SF) with 18-foot peak ceilings and 16-foot eaves
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
16,296 SF
Lot
0.95 ac (41,382 SF)
APN
71-10-18-276-001.000-022
UPID
US31-1680099
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
-
Engineered Precision Products Inc Industrial Manufacturer
-
CBS Service Corporate Office
-
American Wire Rope & Sling Material Handling Equipment Supplier
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
Wernd LLC
Wernd LLC
since 2026
3 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 Mishawaka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mishawaka 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
$8,904
Tax year 2023
Assessed value
$296,800
Assessed 2023
Previous assessed
$296,800
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$122,000
Assessed improvement
$174,800
Land market value
$122,000
Improvement market value
$174,800
Total market value
$296,800
Applied tax rate
22.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
16,296 SF
Lot
0.95 ac (41,382 SF)
APN
71-10-18-276-001.000-022
UPID
US31-1680099
Jurisdiction
ST JOSEPH
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
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Wernd LLC
Entity
Mailing address
125 W MARION ST, SOUTH BEND, IN 46601-1030
Ownership since
2026
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
Apr 17, 2026
$445,100
Wernd LLC
1635 Ironwood LLC
Warranty Deed
$356,048
Jul 8, 2022
—
1635 Ironwood LLC
Indiana Land Trust 040116
Special Warranty Deed
—
Feb 3, 2017
—
Indiana Land Trust
—
Deed
related
$1,755,391 · First State Bank Middlebury
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5005 Lincolnway E?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
