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Property profile & analytics
OFF-MARKET
Estimated value
$11,595,000
Manufacturing properties
70680 County Rd 23 New Paris, IN 46553-9771
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US31-3085056
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2013
Construction
WOOD
Total area
247,600 SF
Lot
32.85 ac (1,430,946 SF)
Zoning code
ZO01
APN
20-15-21-400-012.000-018
UPID
US31-3085056
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
$13.69M
Blend (final)
Blend
$11.60M
Owner & transaction history
Scm Properties LLC · 12 yrs held
Scm Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
ZO01 · New Paris, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.1M
+38.6%
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 New Paris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Paris 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
INDUSTRIAL (GENERAL)
$8,735,000
Current use
COMMERCIAL (GENERAL)
$12,105,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$11.60M
Range $10.44M – $12.75M · ±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
$47 / 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
$192,848
Tax year 2023
Assessed value
$12,143,500
Assessed 2023
Previous assessed
$12,143,500
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$400,300
Assessed improvement
$11,743,200
Land market value
$400,300
Improvement market value
$11,743,200
Total market value
$12,143,500
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
NONE
Stories
1
Total area
247,600 SF
Lot
32.85 ac (1,430,946 SF)
Zoning code
ZO01
APN
20-15-21-400-012.000-018
UPID
US31-3085056
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · New Paris, INZoning ZO01 · permitted uses
ZO01 · New Paris, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$12.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
2013
Construction
WOOD
Heating
NONE
Stories
1
Lot
32.85 ac
Current owner
From public records · entity-resolved
Scm Properties LLC
Entity
Mailing address
PO BOX 170, NEW PARIS, IN 46553-0170
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2017
—
Scm Properties LLC
—
Grant Deed
related
$99,000,000 · Ally Bk
Feb 16, 2015
—
Scm Properties LLC
—
Grant Deed
related
$3,535,000 · Pnc Bk
Jul 15, 2014
—
Scm Properties LLC
—
Loan Modification
related
$3,907,070 · Huntington Nat'l Bk
Oct 2, 2013
—
Scm Properties LLC
—
Trustees Deed
related
$2,610,000 · Huntington National Bank
Sep 11, 2013
—
Scm Properties LLC
Cobb James W Trust
Grant Deed
related
—
Nov 22, 2011
—
Cobb James W Trust
Cobb,james W & Marilyn S
Quit Claim Deed
related
—
Jul 3, 2008
—
James W Cobb
Better Way Partners LLC
Warranty Deed
—
—
—
Scott L Abbs
—
Deed Of Trust
related
$63,000 · First Source Bank
—
—
Scm Properties LLC
—
Deed Of Trust
related
$2,682,000 · Business Dev
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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