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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Warehouses
52625 Commerce Ct Bristol, IN 46507
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0138961
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
WOOD
Total area
82,740 SF
Lot
3.47 ac (151,110 SF)
Zoning code
ZO01
APN
20-03-23-403-003.000-030
UPID
US31-0138961
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
$2.48M
Blend (final)
Blend
$2.10M
Owner & transaction history
Gb Commerce LLC · 4 yrs held
Gb Commerce LLC
since 2021
5 recorded transactions
Zoning & alternative use
ZO01 · Bristol, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.9M
+33.4%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,190,000
Current use
INDUSTRIAL (GENERAL)
$2,920,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / SF
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
$39,313
Tax year 2023
Assessed value
$2,769,700
Assessed 2023
Previous assessed
$2,769,700
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$121,400
Assessed improvement
$2,648,300
Land market value
$121,400
Improvement market value
$2,648,300
Total market value
$2,769,700
Applied tax rate
30.0000
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
1995
Construction
WOOD
Heating
YES
Stories
1
Total area
82,740 SF
Lot
3.47 ac (151,110 SF)
Zoning code
ZO01
APN
20-03-23-403-003.000-030
UPID
US31-0138961
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Bristol, IN
Zoning ZO01 · permitted uses
ZO01 · Bristol, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
YES
Stories
1
Lot
3.47 ac
Current owner
From public records · entity-resolved
Gb Commerce LLC
Entity
Mailing address
10117 GLYNWATER CT, GRANGER, IN 46530-6040
Ownership since
2021
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
Dec 10, 2021
—
Gb Commerce LLC
Cbc Real Estate Corp
Warranty Deed
$4,696,250 · Teachers Cu
Nov 8, 2005
—
Cbc Real Estate Corp
—
Trustees Deed
related
$350,000 · Lake Cty Bk
—
—
Cbc Real Estate Corp
—
Loan Modification
related
—
—
—
Cbc Real Estate Corp
—
Loan Modification
related
$1,000,000 · Lake Cty Bk
—
—
Cbc Real Estate Corp
—
Loan Modification
related
$1,000,000 · Lake Cty Bk
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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