Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    830 Pkwy Ave Elkhart, IN 46516-9342
    Back to Search
    Property profile & analytics

    830 Pkwy Ave Elkhart, IN 46516-9342

    View on Map
    • Strip malls
    • 10,560 SF
    • 1.99 lot acres
    Off-Market
    Property ID
    US31-3245677
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metropolitan Title Company / Bank / Loan Service
    • JobSquad Staffing Solutions Elkhart / Employment Agency

    Property Details for 830 Pkwy Ave

    Year built
    2006
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.99 lot acres
    Property size
    10,560 SF
    Zone code
    ZO01
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    20-07-07-102-006.000-039
    APU
    200707102006000039

    Description

    This 1,560 square foot office suite is located within a 10,560 square foot multi-tenant building at 830 Parkway Ave, Elkhart, IN 46516. Built in 2006, the property features a convenient location in Elkhart's rapidly expanding retail sector, near the intersection of County Road 14 and Parkway Avenue, and close to Bullard's Farm Market. The building is situated approximately two miles from the I-80/90 Toll Road and half a mile from the US 20/31 Bypass, ensuring excellent accessibility. The suite is an end-cap unit offering high visibility. The property boasts 50 paved on-site parking spaces, providing ample parking for tenants and their clients. Municipal utilities are in place. The building is zoned B-3 PUD and offers a diverse tenant mix, including El Maguey Family Restaurant and Metropolitan Title. Suite signage is available at tenant expense. The minimum divisible space is 1,560 square feet, with a maximum contiguous space of 1,560 square feet. The total land area encompasses 1.99 acres. This is an exceptional opportunity for businesses seeking a well-located, modern office space in a thriving commercial area. The property is ideal for a variety of office uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8852
    Latitude
    41.6808
    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
    $38,405
    $547,300
    $725,500
    $1,272,800
    -
    $547,300
    $725,500
    $1,272,800

    Comparable in this City

    • Value Estimation
      $500,000
      15,260 SF

      5230 Beck Dr

      SHOPPING CENTER, STRIP CENTER • 15,260 SF
      5230 Beck Dr, Elkhart, IN 46516-9059
      View Details
    • Value Estimation
      $665,000
      30,360 SF

      2707 Toledo Rd

      SHOPPING CENTER, STRIP CENTER • 30,360 SF
      2707 Toledo Rd, Elkhart, IN 46516-5772
      View Details
    • Value Estimation by Request
      16,200 SF

      225 Jackson Blvd

      SHOPPING CENTER, STRIP CENTER • 16,200 SF
      225 Jackson Blvd, Elkhart, IN 46516-3543
      View Details
    • Value Estimation by Request
      10,788 SF

      54595 County Rd 17

      SHOPPING CENTER, STRIP CENTER • 10,788 SF
      54595 County Rd 17, Elkhart, IN 46516-6519
      View Details
    • Value Estimation by Request
      9,840 SF

      1528 Nappanee St

      SHOPPING CENTER, STRIP CENTER • 9,840 SF
      1528 Nappanee St, Elkhart, IN 46516-1709
      View Details
    • Value Estimation by Request
      15,553 SF

      901 Pkwy Ave

      SHOPPING CENTER, STRIP CENTER • 15,553 SF
      901 Pkwy Ave, Elkhart, IN 46516-9339
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,810 SF

      Historic Building Anchored by Bank

      Historic building anchored by 1st Source Financial Center with recent updates.
      131 E Franklin St, Elkhart, IN 46516
      View Details
    • $795,000
      0.18 Acres

      Elkhart Mixed-Use Building For Sale

      Mixed-use building with storefronts and apartments in Elkhart, Indiana.
      121 S Main St, Elkhart, IN 46516
      View Details
    • $225,900
      Pending

      Versatile Mixed-Use Building in Elkhart

      Updated brick building with showroom, office, storage, and expansion potential.
      24266 County Road 45, Elkhart, IN 46516
      View Details
    • $295,000
      1,392 SF

      Versatile Commercial Property in Elkhart

      B-1 zoned property suitable for retail, office, or service businesses.
      21807 State Road 120, Elkhart, IN 46516
      View Details
    • Contact for pricing

      Retail and Storage Opportunity

      Mixed-use facility with retail and storage spaces for sale.
      1651 Toledo Rd, Elkhart, IN 46516
      View Details
    • Contact for pricing
      1,272 SF

      Retail Space on Nappanee Road

      Retail space with excellent visibility and easy highway access.
      1206 N Nappanee St, Elkhart, IN 46516
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Elkhart Retail Center For Lease

      Multi-tenant retail center with suites available in Elkhart, Indiana.
      2707 Toledo Rd, Elkhart, IN 46516
      View Details
    • $1,250 /Mo
      1,284 SF

      Storefront in Elkhart, Indiana

      Storefront with shared restrooms available for lease in Elkhart.
      123 S Main St, Elkhart, IN 46516
      View Details
    • Contact for pricing

      Elkhart Commercial Space For Lease

      Commercial space available for lease in Elkhart, Indiana.
      200 Jr. Achievement Dr, Elkhart, IN 46516
      View Details
    • Contact for pricing

      Retail Space Near Elkhart Industrial

      Retail space available near Elkhart Industrial Park and Retreat Apartments.
      2515 Old U.S 20, Elkhart, IN 46516
      View Details
    • Contact for pricing

      Elkhart Co-Working and Retail Space

      Multi-tenant space in Elkhart's Central Business District.
      223 S Main St, Elkhart, IN 46516
      View Details
    • Contact for pricing
      7,800 SF

      Versatile Industrial Space Near St. Joseph River

      Industrial space with work bays and outside storage near river.
      123 County Road 17, Elkhart, IN 46516
      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.
    830 Pkwy Ave
    Elkhart, IN 46516-9342
    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

    Thank You for Inquiry
    830 Pkwy Ave, Elkhart, IN, 46516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!