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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1226 Main St Elkhart, IN 46516-3958
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0039346
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
5,131 SF
Lot
0.66 ac (28,793 SF)
Zoning code
ZO01
APN
20-06-09-155-002.000-012
UPID
US31-0039346
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
Current use
Occupant on record · Public records
-
Marathon Gas Gas Station
-
Star Quick Mart 1 Grocery & Convenience Store
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
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
Jpr Partners INC · 14 yrs held
Jpr Partners INC
since 2012
7 recorded transactions
Zoning & alternative use
ZO01 · Elkhart, 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 Elkhart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkhart 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
$17,626
Tax year 2023
Assessed value
$578,900
Assessed 2023
Previous assessed
$578,900
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$77,000
Assessed improvement
$501,900
Land market value
$77,000
Improvement market value
$501,900
Total market value
$578,900
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
5,131 SF
Lot
0.66 ac (28,793 SF)
Zoning code
ZO01
APN
20-06-09-155-002.000-012
UPID
US31-0039346
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Elkhart, IN
Zoning ZO01 · permitted uses
ZO01 · Elkhart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkhart. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Jpr Partners INC
Entity
Free & Clear · 14 yrs held
Mailing address
1218 S MAIN ST, ELKHART, IN 46516-3958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
—
Jpr Partners INC
—
Deed
related
$100,000 · J&h Company
May 23, 2012
—
Jpr Partners INC
Moores Brake Service INC
Warranty Deed
—
Nov 26, 2008
—
Mckibbin,loy G
Jpmorgan Chase Trust 2002-9
Grant Deed
—
Nov 26, 2008
$121,096
Jpmorgan Chase Bank 2002-9 Tr
Sheriff Of Elkhart County
Trustees Deed
related
—
Dec 14, 2004
—
Mejia,mirna Y
Oropeza,roberto
Warranty Deed
related
—
—
—
Jpr Partners INC
—
Deed Of Trust
related
$100,000 · J&h Co
—
—
Jpr Partners INC
—
Deed Of Trust
related
$945,000 · Evolve Bank & Trust
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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