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Property profile & analytics
OFF-MARKET
Turn key restaurants
122 Us Hwy 20 Middlebury, IN 46540
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-3398813
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2021
Construction
BRICK
Total area
3,532 SF
Lot
1.24 ac (54,102 SF)
Zoning code
ZO01
APN
20-08-15-376-006.000-035
UPID
US31-3398813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tb M Iddlebury LLC · 5 yrs held
Tb M Iddlebury LLC
since 2021
4 recorded transactions
Zoning & alternative use
ZO01 · Middlebury, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,066
Tax year 2023
Assessed value
$397,800
Assessed 2023
Previous assessed
$397,800
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$86,900
Assessed improvement
$310,900
Land market value
$86,900
Improvement market value
$310,900
Total market value
$397,800
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2021
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
16
Bathrooms
2
Total area
3,532 SF
Lot
1.24 ac (54,102 SF)
Zoning code
ZO01
APN
20-08-15-376-006.000-035
UPID
US31-3398813
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Middlebury, IN
Zoning ZO01 · permitted uses
ZO01 · Middlebury, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlebury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
16
Bathrooms
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Tb M Iddlebury LLC
Entity
Mailing address
PO BOX 780023, WICHITA, KS 67278-0023
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
—
Tb M Iddlebury LLC
Larry W Yoder
Warranty Deed
—
Jan 12, 2009
—
Act Properties LLC
Ubs Real Estate Securities INC
Quit Claim Deed
—
Nov 12, 2008
$100,000
Ubs Real Estate Securities INC
Sheriff Of Elkhart County
Trustees Deed
related
—
—
—
Thour Long
—
Deed Of Trust
related
$140,250 · Lending Center INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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