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Property profile & analytics
OFF-MARKET
Residential income homes
126 Lexington Ave, Elkhart, IN 46516-3161
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-0162861
Property summary
AI-generated overview
This exceptional opportunity presents two executive office suites for lease within a historic building at 126 & 128 West Lexington Avenue in Elkhart, Indiana, 46516. Located in Elkhart County, this property offers a total of 1,001 square feet, currently entirely vacant and ready for immediate occupancy. Each suite is individually divisible, with a minimum leasable area of 450 square feet and a maximum contiguous space of 551 square feet, providing flexibility for various business needs. The building, constructed in 1910, boasts a unique character and charm. Parking is conveniently available via street parking. The property is classified as an Executive Office space and is suitable for multiple tenants. This prime location in Elkhart offers easy access to local amenities and transportation. The suites are ideal for businesses seeking a prestigious address and a well-maintained workspace in a vibrant community. Don't miss this chance to secure your ideal office space in this desirable Elkhart location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1910
Construction
WOOD
Total area
7,793 SF
Lot
0.06 ac (2,831 SF)
Zoning code
ZO01
APN
20-06-05-406-012.000-012
UPID
US31-0162861
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
-
Jawad Property Management LLC Property Management Company
-
Mooi Mary K Family Counselor
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
Lexington Investments INC · 9 yrs held
Lexington Investments INC
since 2017
4 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
$6,202
Tax year 2023
Assessed value
$239,600
Assessed 2023
Previous assessed
$239,600
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$23,400
Assessed improvement
$216,200
Land market value
$23,400
Improvement market value
$216,200
Total market value
$239,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
YES
Stories
4
Units
4
Total area
7,793 SF
Lot
0.06 ac (2,831 SF)
Zoning code
ZO01
APN
20-06-05-406-012.000-012
UPID
US31-0162861
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
1910
Construction
WOOD
Heating
YES
Stories
4
Units
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lexington Investments INC
Entity
Mailing address
114 W BEARDSLEY AVE, ELKHART, IN 46514-2753
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Feb 8, 2017
—
Lexington Investments INC
Deborah L Zimmerman
Quit Claim Deed
related
$119,425 · Downtown Elkhart INC
—
—
Randy J Zimmerman
—
Deed Of Trust
related
$126,000 · First State Bank Middlebury
—
—
Lexington Investments INC
—
Loan Modification
related
$119,425 · Center For Busn Excellence INC
—
—
Randy J Zimmerman
—
Deed Of Trust
related
$95,000 · First State Bank Middlebury
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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