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    Property profile & analytics

    550 Wabash Ave Wakarusa, IN 46573-8504

    • Warehouses
    • 1,200 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Oct 26, 2022
    Location Intelligence
    Property ID
    US31-2724054
    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 550 Wabash Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    2.20 lot acres
    Property size
    1,200 SF
    Zone code
    ZO01
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    20-09-36-326-014.000-025
    APU
    200936326014000025

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wakarusa
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0136
    Latitude
    41.5287
    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
    $4,464
    $74,800
    $173,100
    $247,900
    -
    $74,800
    $173,100
    $247,900

    Comparable in this City

    • Value Estimation
      $395,000
      6,000 SF

      66043 State Rd 19

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      66043 State Rd 19, Wakarusa, IN 46573-9531
      View Details
    • Value Estimation
      $345,000
      4,620 SF

      66540 State Rd 19

      MINI-WAREHOUSE, STORAGE • 4,620 SF
      66540 State Rd 19, Wakarusa, IN 46573-9597
      View Details
    • Value Estimation
      $385,000
      2,400 SF

      Elkhart St

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      Elkhart St, Wakarusa, IN 46573
      View Details
    • Value Estimation by Request
      12,094 SF

      607 Nelsons Pkwy

      STORAGE YARD, OPEN STORAGE • 12,094 SF
      607 Nelsons Pkwy, Wakarusa, IN 46573-9674
      View Details
    • Value Estimation
      $620,000
      73,710 SF

      Industrial Pkwy

      STORAGE YARD, OPEN STORAGE • 73,710 SF
      Industrial Pkwy, Wakarusa, IN 46573
      View Details
    • Value Estimation
      $295,000
      3,740 SF

      600 Indiana Ave

      WAREHOUSE, STORAGE • 3,740 SF
      600 Indiana Ave, Wakarusa, IN 46573-9541
      View Details

    Similar Nearby for Sale

    • $250,000
      1.84 Acres

      Wakarusa Warehouse - Huge Potential

      1.84 Acres, Ample Warehouse Space
      208 Elkhart St, Wakarusa, IN 46573
      View Details
    • $400,000
      0.19 Acres

      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
      105 S Elkhart St, Wakarusa, IN 46573
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    • Contact for pricing
      Pending

      Residential Land in Enchanted Hills

      Residential land near Lake Wawasee public access.
      516 Wizard Of Oz Way, Cromwell, IN 46573
      View Details
    • $250,000
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      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
      111 W Waterford St, Wakarusa, IN 46573
      View Details
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    550 Wabash Ave
    Wakarusa, IN 46573-8504
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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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