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    Property profile & analytics

    507 Ward St Wakarusa, IN 46573-9671

    • Manufacturing properties
    • 30,000 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimation
    $640,000
    Last Sale
    Jul 24, 2024
    Location Intelligence
    Property ID
    US31-0552721
    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

    • Dwyer Instruments Inc / Manufacturer / Electronic Parts Supplier

    Property Details for 507 Ward St

    Year built
    1974
    Construction
    WOOD
    Lot size
    2.44 lot acres
    Property size
    30,000 SF
    Zone code
    ZO01
    Property type
    Manufacturing properties
    APN
    20-09-36-327-003.000-025
    APU
    200936327003000025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $625,000
      6.5%
      $650,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $785,000
      Geo Method
      $775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $625,000
      Retail
      $600,000
      Mixed-Use
      $640,000
      Hospitality
      $775,000
      Educational
      $745,000
      Residential Income
      $765,000
      Energy
      $660,000
      Income-Based Land
      $800,000
      Food Service
      $790,000

    Location Insight

    • Map
    • Local Demand
    City
    Wakarusa
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0152
    Latitude
    41.5263
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN 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
    $16,619
    $73,200
    $603,600
    $676,800
    -
    $73,200
    $603,600
    $676,800

    Comparable in this City

    • Value Estimation by Request
      34,332 SF

      65528 State Rd 19

      MANUFACTURING (LIGHT) • 34,332 SF
      65528 State Rd 19, Wakarusa, IN 46573-9707
      View Details
    • Value Estimation
      $335,000
      6,480 SF

      903 Nelsons Pkwy

      MANUFACTURING (LIGHT) • 6,480 SF
      903 Nelsons Pkwy, Wakarusa, IN 46573-9580
      View Details
    • Value Estimation by Request
      218,970 SF

      606 Nelsons Pkwy

      MANUFACTURING (LIGHT) • 218,970 SF
      606 Nelsons Pkwy, Wakarusa, IN 46573-9674
      View Details
    • Value Estimation by Request
      104,475 SF

      1060 Waterford St

      MANUFACTURING (LIGHT) • 104,475 SF
      1060 Waterford St, Wakarusa, IN 46573-9305
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    • Value Estimation by Request
      42,500 SF

      66700 State Rd 19

      MANUFACTURING (LIGHT) • 42,500 SF
      66700 State Rd 19, Wakarusa, IN 46573-9329
      View Details
    • Value Estimation
      $490,000
      13,172 SF

      902 Nelsons Pkwy

      MANUFACTURING (LIGHT) • 13,172 SF
      902 Nelsons Pkwy, Wakarusa, IN 46573-9580
      View Details

    Similar Nearby for Sale

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      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
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      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
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    • Contact for pricing
      Pending

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      Residential land near Lake Wawasee public access.
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    507 Ward St
    Wakarusa, IN 46573-9671
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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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