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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    116 N Main St Kendallville, IN 46755

    • Industrial properties
    • 45,616 SF
    • 0.47 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1703097
    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

    • Industrial properties

    Property Details for 116 N Main St

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    45,616 SF
    Property type
    Industrial properties
    APN
    57-07-33-310-170.000-020
    APU
    570733310170000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $601,000
      Market price range: $601k - $1.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.2654
    Latitude
    41.4442
    CBSA code
    28340
    CBSA name
    KENDALLVILLE, IN MICROPOLITAN 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
    $15,872
    $31,300
    $556,500
    $587,800
    -
    $31,300
    $556,500
    $587,800

    Comparable in this City

    • Value Estimation by Request
      8,281 SF

      200 Ohio St

      INDUSTRIAL (GENERAL) • 8,281 SF
      200 Ohio St, Kendallville, IN 46755-2016
      View Details
    • Value Estimation by Request
      7,500 SF

      2652 En St

      INDUSTRIAL (GENERAL) • 7,500 SF
      2652 En St, Kendallville, IN 46755-3232
      View Details
    • Value Estimation by Request
      5.77 Acres

      602 Shr Dr

      INDUSTRIAL (GENERAL) • 5.77 Acres
      602 Shr Dr, Kendallville, IN 46755-2642
      View Details
    • Value Estimation by Request
      3.00 Acres

      State Rd 3rd N

      INDUSTRIAL (GENERAL) • 3.00 Acres
      State Rd 3rd N, Kendallville, IN 46755
      View Details
    • Value Estimation by Request
      0.25 Acres

      Rush St

      INDUSTRIAL (GENERAL) • 0.25 Acres
      Rush St, Kendallville, IN 46755
      View Details
    • Value Estimation by Request
      1.49 Acres

      Us 6th 6

      INDUSTRIAL (GENERAL) • 1.49 Acres
      Us 6th 6, Kendallville, IN 46755
      View Details

    Similar Nearby for Sale

    • $420,000
      0.53 Acres

      Kendallville Industrial Building on State Road

      5,461 sq ft commercial/industrial building on 0.53 acres.
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      View Details
    • $8,600,000
      179,160 SF

      Kendallville Industrial Property

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      2605 Marion Dr, Kendallville, IN 46755
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    • $2,346,500
      36,100 SF

      Kendallville Warehouse with Planned Roof

      Industrial warehouse in Kendallville, Indiana, with new roof planned.
      6886 N 400 E, Kendallville, IN 46755
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    • $8,600,000
      179,160 SF

      Kendallville Industrial Manufacturing Facility

      Premier industrial property ideal for manufacturing with expansion potential.
      2605 Marion Dr, Kendallville, IN 46755
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    • $1,325,000

      Kendallville Commercial Site For Sale

      Prime commercial site with retail and warehouse space available.
      904 W North St, Kendallville, IN 46755
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    • $199,900
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      Kendallville Agricultural Land For Sale

      10+/- acres of agricultural land near Kendallville, Indiana.
      N State Road 3, Kendallville, IN 46755
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    Similar Nearby for Lease

    • $2 SF/Yr
      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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    • $4 SF/Yr
      179,160 SF

      Kendallville Industrial Property

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      2605 Marion Dr, Kendallville, IN 46755
      View Details
    • Contact for pricing
      129,537 SF

      Kendallville Warehouse Space Available

      129,537 SF warehouse space for rent in Kendallville, IN.
      2500 Marion Dr, Kendallville, IN 46755
      View Details
    • $2,475,000
      71,000 SF

      71,000 SF Industrial Building

      Industrial building on 4.12 acres available for sublease or sale.
      1101 Stonebraker Dr, Kendallville, IN 46755
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    • $3 SF/Yr
      41,000 SF

      Kendallville Industrial Flex Space

      41,000 SF Flex/Warehouse, Prime Location
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    • $3 SF/Yr
      8,300 SF

      Versatile Warehouse in Historical District

      Adaptable warehouse space with loading docks and office space.
      116 N Main St, Kendallville, IN 46755
      View Details
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    116 N Main St
    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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