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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Beardsley St Elkhart, IN 46515

    • Office Properties & Spaces
    • 30,000 SF
    • 2.08 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0129925
    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

    • Debra D. Bender, PTA / Physician
    • Jill Huffman, PTA / Physician
    • Richard C Noser Law Offices / Law Firm
    • First Steps of North East In / Social Service Agency / Charitable Organization
    • Muscle Therapy Center / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 700 Beardsley St

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.08 lot acres
    Property size
    30,000 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    20-06-05-229-022.000-012
    APU
    200605229022000012

    Description

    This exceptional Elkhart, Indiana office property at 700 E. Beardsley Avenue offers 30,000 total square feet in a two-story, 1974-built building situated on a 1.83-acre lot. Currently, a total of 8,980 square feet is available for lease, divisible into two suites: one 4,870 square feet and another 4,110 square feet. Leasing options include the entire second floor (8,980 square feet) or individual suites. All office spaces boast window views overlooking a river and park. Ample parking is available on-site to accommodate tenants and their clients. A new vertical platform lift, scheduled for completion by Fall 2024, will enhance accessibility to the second floor. The property is zoned B2 and enjoys a highly desirable location within walking and driving distance of the new Beacon Health Center, the River Walk District, residential condos and apartments, and a new grocery store. The lease rate is $10.50 per square foot, plus a CAM fee of $4.50, which includes all utilities, for a total of $15 per square foot. The minimum leasable space is 4,600 square feet, with a maximum contiguous space of 8,980 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,124,000
      Market price range: $700k - $2.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9676
    Latitude
    41.6939
    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
    $25,936
    $162,000
    $687,300
    $849,300
    -
    $162,000
    $687,300
    $849,300

    Comparable in this City

    • Value Estimation by Request
      1,723 SF

      1014 Bristol St

      OFFICE (GENERAL) • 1,723 SF
      1014 Bristol St, Elkhart, IN 46514-3622
      View Details
    • Value Estimation
      $2,855,000
      25,600 SF

      23830 County Rd 106

      OFFICE (GENERAL) • 25,600 SF
      23830 County Rd 106, Elkhart, IN 46514-8615
      View Details
    • Value Estimation
      $3,865,000
      67,746 SF

      3420 Bristol St

      OFFICE (GENERAL) • 67,746 SF
      3420 Bristol St, Elkhart, IN 46514-4468
      View Details
    • Value Estimation by Request

      3249 Northpointe Blvd

      Coworking space
      3249 Northpointe Blvd, Elkhart, IN 46514
      View Details
    • Value Estimation by Request
      2,944 SF

      1220 Baldwin St

      OFFICE (GENERAL) • 2,944 SF
      1220 Baldwin St, Elkhart, IN 46514-3552
      View Details
    • Value Estimation by Request
      6,108 SF

      945 Beardsley Ave

      OFFICE (GENERAL) • 6,108 SF
      945 Beardsley Ave, Elkhart, IN 46514-3509
      View Details

    Similar Nearby for Sale

    • $315,000
      1.09 Acres

      Updated Mixed-Use Building on Bristol

      Recently updated mixed-use building with high visibility and ample parking.
      1842 E Bristol St, Elkhart, IN 46514
      View Details
    • $225,000
      4,160 SF

      Elkhart Office Building For Sale

      Office building with rental income and owner-occupancy potential.
      2801 E Bristol St, Elkhart, IN 46514
      View Details
    • $350,000

      Elkhart Office Building For Sale

      Office building with high-visibility signage and convenient parking.
      2310 W Lexington Ave, Elkhart, IN 46514
      View Details
    • $649,000

      Medical Office Near Elkhart General

      Turnkey medical office space near Elkhart General Hospital.
      1755 Fulton St, Elkhart, IN 46514
      View Details
    • $1,195,000
      13,568 SF

      Elkhart Class A Office Building

      Well-maintained office building with leasing and owner-user opportunities.
      3225 Southview Dr, Elkhart, IN 46514
      View Details
    • Contact for pricing
      1.70 Acres

      Elkhart Commercial Land - 1.7 Acres

      Prime Elkhart location, 1.7 acres, development potential.
      175 County Road 6, Elkhart, IN 46514
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      81,651 SF

      Elkhart Plaza West Retail Space

      Prime Elkhart retail/office suites available.
      1200-1252 Nappanee St, Elkhart, IN 46514
      View Details
    • $7 SF/Yr
      281,434 SF

      Prime Elkhart Office Space

      281,434 SF Office/Warehouse, 40,000 SF Available
      1120 Main St, Elkhart, IN 46514
      View Details
    • $10 SF/Yr
      30,000 SF

      Elkhart Office Space: 8,980 SF Available

      Prime Elkhart office space, multiple suites, river views.
      700 Beardsley Ave, Elkhart, IN 46514
      View Details
    • $9 SF/Yr
      20,000 SF

      Executive Office Suites, Elkhart, IN

      Prime Elkhart Office Space Available
      500 Nappanee St, Elkhart, IN 46514
      View Details
    • $2,100 /Mo
      2,250 SF

      Renovated Mixed-Use Space Available

      Renovated mixed-use space with high-traffic frontage, suitable for various businesses.
      1842 E Bristol St, Elkhart, IN 46514
      View Details
    • $3 SF/Yr
      52,000 SF

      Versatile Mixed-Use Spaces Available

      Varied spaces for rent, ideal for small businesses and startups.
      421 S 2Nd St, Elkhart, IN 46514
      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.
    700 Beardsley St
    Elkhart, IN 46515
    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.