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Property profile & analytics
OFF-MARKET
Estimated value
$350,000
Mixed-use properties
123 Elkhart Ave Elkhart, IN 46516-3534
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0138462
Property summary
AI-generated overview
This mixed-use property is located in Elkhart, Indiana, within Elkhart County. The lot encompasses 1.32 acres.
Property profile
Verified
Property type
Mixed-use properties
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
TYPE NOT SPECIFIED
Total area
15,037 SF
Lot
1.32 ac (57,586 SF)
Zoning code
ZO01
APN
20-06-05-276-051.000-012
UPID
US31-0138462
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
-
Star Martial Arts Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$350k
Owner & transaction history
123 North Elkhart Avenue Elkhart Ll · 1 yrs held
123 North Elkhart Avenue Elkhart Ll
since 2025
4 recorded transactions
Zoning & alternative use
ZO01 · Elkhart, IN
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
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$350k
Range $315k – $385k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$23 / SF
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
$11,909
Tax year 2023
Assessed value
$386,600
Assessed 2023
Previous assessed
$386,600
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$185,100
Assessed improvement
$201,500
Land market value
$185,100
Improvement market value
$201,500
Total market value
$386,600
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
Mixed-use properties
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
15,037 SF
Lot
1.32 ac (57,586 SF)
Zoning code
ZO01
APN
20-06-05-276-051.000-012
UPID
US31-0138462
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Elkhart, INZoning ZO01 · permitted uses
ZO01 · Elkhart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 151: ZONING CODE
Building & site characteristics
From public records
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
123 North Elkhart Avenue Elkhart Ll
Individual
Mailing address
123 N ELKHART AVE, ELKHART, IN 46516-3534
Ownership since
2025
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
Aug 7, 2025
—
123 North Elkhart Avenue Elkhart Ll
Sma Real Estate LLC
Warranty Deed
$562,500 · Crossroads Bank
Mar 21, 2025
—
Sma Real Estate LLC
River District Development Company
Quitclaim Deed
related
—
Jul 8, 2013
$203,500
Sma Real Estate LLC
Sheriff Of Elkhart County
Trustees Deed
related
—
—
—
Clifford R Lesperance
—
Deed Of Trust
related
$440,000 · Mfb Financial
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.
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