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    Property profile & analytics

    1200 Market St Nappanee, IN 46550-2247

    • Retail space
    • 18,750 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Last Sale
    Jun 20, 2024
    Location Intelligence
    Property ID
    US31-0583656
    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

    • L.J. Wagner Home Interiors / Window Treatment Store / Furniture Store

    Property Details for 1200 Market St

    Year built
    1935
    Construction
    WOOD
    Lot size
    1.29 lot acres
    Property size
    18,750 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    20-14-31-260-025.000-029
    APU
    201431260025000029

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nappanee
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9874
    Latitude
    41.4432
    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
    $11,948
    $161,300
    $256,800
    $418,100
    -
    $161,300
    $256,800
    $418,100

    Comparable in this City

    • Value Estimation by Request
      638 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 638 SF
      106 Main St, Nappanee, IN 46550-1938
      View Details
    • Value Estimation by Request
      1,640 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,640 SF
      109 Main St, Nappanee, IN 46550-1916
      View Details
    • Value Estimation by Request
      960 SF

      1106 Market St

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      1106 Market St, Nappanee, IN 46550-2245
      View Details
    • Value Estimation by Request
      17,474 SF

      8015 1350th N

      RETAIL STORES (PERSONAL SERVICES) • 17,474 SF
      8015 1350th N, Nappanee, IN 46550-8812
      View Details
    • Value Estimation by Request
      1,320 SF

      158 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      158 Main St, Nappanee, IN 46550-1917
      View Details
    • Value Estimation
      $320,000
      6,461 SF

      1002 Market St

      RETAIL STORES (PERSONAL SERVICES) • 6,461 SF
      1002 Market St, Nappanee, IN 46550-1804
      View Details

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    1200 Market St
    Nappanee, IN 46550-2247
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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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