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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
57459 Dewitt St Elkhart, IN 46517-1011
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-3521098
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
WOOD
Total area
15,304 SF
Lot
1.89 ac (82,546 SF)
Zoning code
ZO01
APN
20-05-13-276-003.000-001
UPID
US31-3521098
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
-
AIT Worldwide Logistics Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$520k
Owner & transaction history
Dewitt Street Industiral LLC · 4 yrs held
Dewitt Street Industiral LLC
since 2022
7 recorded transactions
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CHAPTER 151: ZONING CODE
Top alternative use upside
Commercial (general)
$750,000
+84.9%
Industrial (general)
$540,000
+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 Elkhart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkhart 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$405,000
Current use
COMMERCIAL (GENERAL)
$750,000
Change: +85% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$540,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$34 / 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
$13,264
Tax year 2023
Assessed value
$711,800
Assessed 2023
Previous assessed
$711,800
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$66,300
Assessed improvement
$645,500
Land market value
$66,300
Improvement market value
$645,500
Total market value
$711,800
Applied tax rate
1.0000
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
1987
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
15,304 SF
Lot
1.89 ac (82,546 SF)
Zoning code
ZO01
APN
20-05-13-276-003.000-001
UPID
US31-3521098
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Elkhart, INZoning ZO01 · permitted uses
ZO01 · Elkhart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 151: ZONING CODE
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$750,000
INDUSTRIAL (GENERAL)
Est. value
$540,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Dewitt Street Industiral LLC
Entity
Mailing address
PO BOX 871, STURGEON BAY, WI 54235-0871
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Dewitt Street Industrial LLC
—
Deed
related
$543,750 · Inova FCU
Feb 25, 2022
—
Dewitt Street Industiral LLC
Rlj Properties LLC
Warranty Deed
—
Jan 12, 2018
—
Rlj Properties LLC
—
Deed
related
$550,000 · First Source Bk
Nov 5, 2015
—
Rlj Properties LLC
Logistix Solutions LLC
Quit Claim Deed
related
—
Mar 22, 2011
—
Logistix Solutions LLC
Kelmar Properties LLC
Warranty Deed
$230,000 · Shannon Paul Trust (pt)
Mar 4, 2005
—
Kelmar Properties LLC
Ebr LLC
Warranty Deed
$132,500 · St Joseph Capital Bank
—
—
Rlj Properties LLC
—
Deed Of Trust
related
$550,000 · First Source Bk
—
—
Logistix Solutions LLC
—
Deed Of Trust
related
$223,200 · First Source Bank
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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