Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6886 N 400 E Kendallville, IN 46755

    • Manufacturing properties
    • 36,000 SF
    • 2.72 lot acres
    For Sale
    View listing
    $2,346,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2227841
    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

    • Manufacturing properties

    Property Details for 6886 N 400 E

    Year built
    1980
    Construction
    WOOD
    Lot size
    2.72 lot acres
    Property size
    36,000 SF
    Property type
    Manufacturing properties
    APN
    57-04-35-400-005.000-010
    APU
    570435400005000010

    Description

    This exceptional 36,000-square-foot industrial building, situated on a 2.72-acre lot in Kendallville, Indiana, presents a significant opportunity. Built in 1980, this single-story structure boasts a 13-14 foot ceiling height, ideal for various manufacturing needs. The property features four dock-high doors (three with levelers, one without), and one drive-in door, ensuring efficient loading and unloading. Power is supplied by a robust 1200 Amp/480 Volt/3-phase system. Ample on-site parking is available for employees and visitors. The building's layout includes a main area with 30 x 50 column spacing and an addition with 50 x 25 column spacing, offering flexibility for diverse operational setups. The interior features a fully sprinklered system, fluorescent lighting, gas forced-air heat in the warehouse, and central air conditioning in the office space. Office amenities include two private offices, a conference room, a large open area suitable for cubicles, and separate men's and women's restrooms. The property is zoned I-2 High Intensity Industrial, allowing for a wide range of manufacturing uses. Its location on N 400 E St & County Rd 700 N offers convenient access, approximately 15 miles west of I-69 and 23 miles south of I-80/90. The building is currently entirely vacant. The property's APN is 57-04-35-400-005.000-010. Kendallville offers a desirable location with excellent parks, recreational facilities, schools, and a historic downtown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $474,000
      Market price range: $474k - $1.23M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $785,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.3459
    Latitude
    41.4511
    CBSA code
    28340
    CBSA name
    KENDALLVILLE, IN MICROPOLITAN 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
    $5,561
    $75,600
    $325,700
    $401,300
    -
    $75,600
    $325,700
    $401,300

    Comparable in this City

    • Value Estimation
      $935,000
      291,800 SF

      2620 Marion Dr

      MANUFACTURING (LIGHT) • 291,800 SF
      2620 Marion Dr, Kendallville, IN 46755-3272
      View Details
    • Value Estimation
      $450,000
      21,176 SF

      5966 Concrete Dr

      MANUFACTURING (LIGHT) • 21,176 SF
      5966 Concrete Dr, Kendallville, IN 46755-9361
      View Details
    • Value Estimation
      $495,000
      24,960 SF

      201 Ohio St

      MANUFACTURING (LIGHT) • 24,960 SF
      201 Ohio St, Kendallville, IN 46755-2015
      View Details
    • Value Estimation
      $305,000
      5,200 SF

      604 Orch St

      MANUFACTURING (LIGHT) • 5,200 SF
      604 Orch St, Kendallville, IN 46755-2012
      View Details
    • Value Estimation
      $1,005,000
      65,790 SF

      300 Progress E Dr

      MANUFACTURING (LIGHT) • 65,790 SF
      300 Progress E Dr, Kendallville, IN 46755-3266
      View Details
    • Value Estimation
      $355,000
      22,662 SF

      4240 Us Hwy 6th 6

      MANUFACTURING (LIGHT) • 22,662 SF
      4240 Us Hwy 6th 6, Kendallville, IN 46755-9343
      View Details

    Similar Nearby for Sale

    • $8,600,000
      179,160 SF

      Kendallville Industrial Property

      179,160 SF Manufacturing/Warehouse
      2605 Marion Dr, Kendallville, IN 46755
      View Details
    • $1,325,000

      Kendallville Commercial Site For Sale

      Prime commercial site with retail and warehouse space available.
      904 W North St, Kendallville, IN 46755
      View Details
    • $2,346,500
      36,100 SF

      Kendallville Warehouse with Planned Roof

      Industrial warehouse in Kendallville, Indiana, with new roof planned.
      6886 N 400 E, Kendallville, IN 46755
      View Details
    • $420,000
      0.53 Acres

      Kendallville Industrial Building on State Road

      5,461 sq ft commercial/industrial building on 0.53 acres.
      701 Krueger St, Kendallville, IN 46755
      View Details
    • $700,000
      1.29 Acres

      Kendallville Commercial Land

      1.29 Acres, I-1 Zoning, High Visibility
      US-6 | Kendallville, Kendallville, IN 46755
      View Details
    • $549,900
      12.10 Acres

      Kendallville Commercial Land & Buildings

      12 Acres, Hwy 6 Frontage, Office & Barn
      2004 North St, Kendallville, IN 46755
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      52,800 SF

      Industrial Space with Crane Bay

      52,800 SF industrial space featuring crane bay.
      800 Weston Ave, Kendallville, IN 46755
      View Details
    • $4 SF/Yr
      179,160 SF

      Kendallville Industrial Property

      179,160 SF Manufacturing/Warehouse
      2605 Marion Dr, Kendallville, IN 46755
      View Details
    • Contact for pricing
      129,537 SF

      Kendallville Warehouse Space Available

      129,537 SF warehouse space for rent in Kendallville, IN.
      2500 Marion Dr, Kendallville, IN 46755
      View Details
    • $2,475,000
      71,000 SF

      71,000 SF Industrial Building

      Industrial building on 4.12 acres available for sublease or sale.
      1101 Stonebraker Dr, Kendallville, IN 46755
      View Details
    • $3 SF/Yr
      41,000 SF

      Kendallville Industrial Flex Space

      41,000 SF Flex/Warehouse, Prime Location
      606 Uhl Dr, Kendallville, IN 46755
      View Details
    • $3 SF/Yr
      8,300 SF

      Versatile Warehouse in Historical District

      Adaptable warehouse space with loading docks and office space.
      116 N Main St, Kendallville, IN 46755
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6886 N 400 E
    Kendallville, IN 46755
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.