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    Property profile & analytics

    901 Nelsons Pkwy Wakarusa, IN 46573-9580

    • Industrial properties
    • 11,850 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US31-0132904
    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

    • North American Safe / Safe & Vault Shop
    • North American Pump Co. / Well Drilling Contractor

    Property Details for 901 Nelsons Pkwy

    Year built
    2004
    Construction
    WOOD
    Lot size
    1.30 lot acres
    Property size
    11,850 SF
    Zone code
    ZO01
    Property type
    Industrial properties
    APN
    20-09-36-476-007.000-025
    APU
    200936476007000025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $410,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $320,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $315,000
      Mixed-Use
      $345,000
      Hospitality
      $330,000
      Educational
      $315,000
      Residential Income
      $350,000
      Energy
      $290,000
      Income-Based Land
      $260,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Wakarusa
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0043
    Latitude
    41.5251
    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
    $17,530
    $39,000
    $674,900
    $713,900
    -
    $39,000
    $674,900
    $713,900

    Comparable in this City

    • Value Estimation by Request
      457,093 SF

      606 Nelsons Pkwy

      INDUSTRIAL (GENERAL) • 457,093 SF
      606 Nelsons Pkwy, Wakarusa, IN 46573-9674
      View Details
    • Value Estimation
      $415,000
      10,080 SF

      615 Nelsons Pkwy

      INDUSTRIAL (GENERAL) • 10,080 SF
      615 Nelsons Pkwy, Wakarusa, IN 46573-9674
      View Details
    • Value Estimation
      $365,000
      10,248 SF

      600 Indiana Ave

      INDUSTRIAL (GENERAL) • 10,248 SF
      600 Indiana Ave, Wakarusa, IN 46573-9541
      View Details
    • Value Estimation
      $275,000
      11.88 Acres

      527 Mdw Lk Ln

      INDUSTRIAL (GENERAL) • 11.88 Acres
      527 Mdw Lk Ln, Wakarusa, IN 46573
      View Details
    • Value Estimation
      $445,000
      16,870 SF

      911 Waterford St

      INDUSTRIAL (GENERAL) • 16,870 SF
      911 Waterford St, Wakarusa, IN 46573-9560
      View Details
    • Value Estimation by Request
      0.49 Acres

      704 Waterford St

      INDUSTRIAL (GENERAL) • 0.49 Acres
      704 Waterford St, Wakarusa, IN 46573-9562
      View Details

    Similar Nearby for Sale

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      1.84 Acres

      Wakarusa Warehouse - Huge Potential

      1.84 Acres, Ample Warehouse Space
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      View Details
    • $400,000
      0.19 Acres

      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
      105 S Elkhart St, Wakarusa, IN 46573
      View Details
    • $250,000
      0.03 Acres

      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
      111 W Waterford St, Wakarusa, IN 46573
      View Details
    • Contact for pricing
      Pending

      Residential Land in Enchanted Hills

      Residential land near Lake Wawasee public access.
      516 Wizard Of Oz Way, Cromwell, IN 46573
      View Details
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    Wakarusa, IN 46573-9580
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    Realmo Value Estimation

    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.

    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.

    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
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