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    The Largest CRE Database in the US with Over 1 Million Listings

    207 W Lincoln Hwy New Haven, IN 46774

    Sponsored
    For Sale
    $317,500

    Mixed Use, Garage,Personal,Recreational,Restaurant - New Haven, IN

    Type:Mixed Use
    Property size:
    2,575 SF
    Lot size:
    0.76 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 20 at 2:06 pm

    Property Features for 207 W Lincoln Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Office
    Bathrooms
    3
    APN
    02-13-11-326-006.000-041
    Parking
    12
    Parking features
    Garage
    Interior features
    Drywall, 110 Volts, 220 Volts, Living Space, Basement, Display Window(s), Drapes, Office Space, Refrigeration/Freezer
    Exterior features
    Fence, 110 Volts, 220 Volts, Fenced, Living Space, Basement, Display Window(s), Drapes, Office Space, Refrigeration/Freezer
    Fencing
    Fenced
    Size
    2,575 SF
    Lot size
    0.76 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1948
    Floors in Building
    1
    Flooring type
    Brick, Carpet, Laminate, Other, Vinyl
    Building materials
    Brick
    Roof type
    Flat, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Lomont

    Lomont REALTORS (260) 749-4901

    Listing agent Robert Lomont (260) 433-4107 License #RB14013364

    Listing date Feb 18, 2026

    MLS# 202605080 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property with Fenced Lot

    This 0.76-acre mixed-use property offers a combined residential and commercial space under one roof. The residential side features 1,325 sq. ft., while the commercial side offers 1,250 sq. ft. Located between Hwy 930 and 207 W. Lincoln Hwy, a private drive leads to asphalt parking that can accommodate up to 10 vehicles. A separate 2-car garage and a fully fenced back lot provide unrestricted usage. The back entrance opens into a 25 ft X 29 ft multipurpose room that connects through glass French doors to an 18 ft. X 29 ft. office area. The finished basement adds an additional 1320 sq ft of workspace, complete with a fireplace, a 12 ft. X 3 ft. cabinet wall, a 6 ft. X 11 ft. insulated storage room, plus two 4 ft. X 6 ft. workstations, each equipped with 110 electric outlets and running water. The basement area also includes a twin utility sink flanked by two 8 ft counters and 220 v. access. The 1948 house is a mid-century ranch featuring custom-built Grabill cabinets, boomerang countertops, the original Tappan gas range and electric oven, pink bathroom sink and shower/tub combination and original linoleum. The 14 ft. X 32 ft. living room, with fireplace, could serve as a theatre room or a living and dining space. The third bedroom is currently used as a dining room with two atrium doors that lead to a large 3-season screened-in deck. The deck includes two electric ceiling fans, a ceiling-mounted natural gas heater, and an electric flat top grill. The property is located in New Haven, IN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Allen
    State
    Indiana
    Longitude
    -85.031969
    Latitude
    41.0697

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring residential and commercial spaces, plus fenced lot.
    Where is this mixed-use property located?
    The property is located at 207 W Lincoln Hwy New Haven, IN.
    What is the asking price?
    The asking price for this property is $317,500.
    What are key features of this property?
    This property features: - Live and work under one roof: **1,325 sq. ft. residential space and 1,250 sq. ft. commercial space.**; - **Large .76-acre lot** with fenced back lot and parking for up to 10 vehicles plus a 2-car garage.; - **Finished basement with 1320 sq ft of workspace**, fireplace, storage, workstations, and utility sink with 220v access.
    (260) 749-4901
    Request Owner's contact information
    207 W Lincoln Hwy New Haven, IN 46774
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    New Haven, IN 46774
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    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
    207 W Lincoln Hwy New Haven, IN 46774
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    We can help!
    Listing Contact
    Robert Lomont
    Real Estate License ID: RB14013364
    (260) 749-4901 (260) 433-4107
    Learn more
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