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    1900 Blk Kendallville, IN 46755

    • Land
    • 3.76 lot acres
    For Sale
    View listing
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1900 Blk

    Lot size
    3.76 lot acres
    Property type
    Land

    Description

    This exceptional 3.76-acre commercial land parcel presents a unique investment opportunity in Kendallville, Indiana. Strategically located on the southwest corner of W. State Road 6 and Orchard Place Parkway, this highly visible property boasts excellent frontage and accessibility. The property consists of two parcels (APN: 07-07-31-100-022.000-020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.298
    Latitude
    41.4514

    Comparable in this City

    • Value Estimation by Request
      1.84 Acres

      Us 6 Hwy

      Land • 80,150 SF
      0 Us 6 Hwy, Kendallville, IN 46755
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    • Value Estimation by Request
      1.84 Acres

      Us 6 Hwy

      Land • 1 SF
      0 Us 6 Hwy, Kendallville, IN 46755
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    • Value Estimation by Request
      1.29 Acres

      US-6 | Kendallville

      Land • 1.29 Acres
      US-6 | Kendallville, Kendallville, IN 46755
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    • Value Estimation by Request
      17.32 Acres

      Pl

      Land • 17.32 Acres
      0 Pl, Kendallville, IN 46755
      View Details
    • Value Estimation by Request
      10.12 Acres

      State Road 3

      Land • 10 SF
      0 State Road 3, Kendallville, IN 46755
      View Details
    • Value Estimation by Request
      12.10 Acres

      2004 North St

      Land • 527,076 SF
      2004 North St, Kendallville, IN 46755
      View Details

    Similar Nearby for Sale

    • $599,900
      12.10 Acres

      Kendallville Commercial Land - 12 Acres

      Prime Commercial Land, Huge Potential
      2004 North St, Kendallville, IN 46755
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    • $700,000
      1.29 Acres

      Kendallville Commercial Land

      1.29 Acres, I-1 Zoning, High Visibility
      US-6 | Kendallville, Kendallville, IN 46755
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    • $450,000
      3.76 Acres

      Kendallville Commercial Land

      3.76 Acres, Prime Location, C2 Zoning
      1900 Blk, Kendallville, IN 46755
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    • $342,500
      1.84 Acres

      Kendallville Commercial Land - I-1 Zoning

      Prime 1.84-acre commercial lot, US 6 frontage.
      0 Us 6 Hwy, Kendallville, IN 46755
      View Details
    • $350,000
      0.82 Acres

      Kendallville Commercial Outlot

      High-traffic, 0.82-acre lot
      510 Fairview Blvd, Kendallville, IN 46755
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    • $199,900
      10.12 Acres

      10+ Acres Kendallville Commercial Land

      Prime Commercial Land, 10+ Acres, Zoned C1B
      0 State Road 3, Kendallville, IN 46755
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Kendallville Commercial Land Lease

      High-traffic outlot, prime location.
      510 Fairview Blvd, Kendallville, IN 46755
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    • Contact for pricing
      5,700 SF

      Retail/Office Space in Kendallville, IN

      Retail or office space with excellent visibility and parking.
      119 N Main St, Kendallville, IN 46755
      View Details
    • Contact for pricing
      52,800 SF

      Industrial Space with Crane Bay

      52,800 SF industrial space featuring crane bay.
      800 Weston Ave, Kendallville, IN 46755
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    • Contact for pricing
      6,570 SF

      Modern Retail Space in Kendallville

      Retail space in front of Walmart Super Center.
      2513 E North St, Kendallville, IN 46755
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    • $4 SF/Yr
      179,160 SF

      Kendallville Industrial Property

      179,160 SF Manufacturing/Warehouse
      2605 Marion Dr, Kendallville, IN 46755
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    • $14 SF/Yr
      64,689 SF

      Kendallville Shopping Center Opportunity

      Retail spaces available, prime location.
      848 Lima Rd, Kendallville, IN 46755
      View Details
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    1900 Blk
    Kendallville, IN 46755
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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
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