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    Property profile & analytics

    1540 Market St Nappanee, IN 46550-2300

    • Turn key restaurants
    • 5,436 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0678105
    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

    • McDonald's / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 1540 Market St

    Year built
    2006
    Lot size
    1.18 lot acres
    Property size
    5,436 SF
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    20-14-31-276-011.000-029
    APU
    201431276011000029

    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
    -85.9846
    Latitude
    41.4431
    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
    $19,224
    $129,200
    $543,500
    $672,700
    -
    $129,200
    $543,500
    $672,700

    Comparable in this City

    • Value Estimation
      $255,000
      9,006 SF

      106 Market St

      RESTAURANT • 9,006 SF
      106 Market St, Nappanee, IN 46550
      View Details
    • Value Estimation
      $325,000
      2,650 SF

      1532 Market St

      RESTAURANT • 2,650 SF
      1532 Market St, Nappanee, IN 46550-2300
      View Details
    • Value Estimation
      $315,000
      0.43 Acres

      100 Family Fare Dr

      RESTAURANT • 0.43 Acres
      100 Family Fare Dr, Nappanee, IN 46550
      View Details
    • Value Estimation
      $270,000
      5,476 SF

      153 Main St

      RESTAURANT • 5,476 SF
      153 Main St, Nappanee, IN 46550-1916
      View Details
    • Value Estimation
      $300,000
      1,509 SF

      1058 Market St

      RESTAURANT • 1,509 SF
      1058 Market St, Nappanee, IN 46550-1804
      View Details
    • Value Estimation by Request
      2,940 SF

      1057 Market St

      RESTAURANT • 2,940 SF
      1057 Market St, Nappanee, IN 46550-2257
      View Details

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    • Contact for pricing
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      Historic Nappanee Building For Sale

      Historic building suitable for office or residential redevelopment in Nappanee.
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    • Contact for pricing
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      Nappanee Vacant Land Auction

      15.4 acres of vacant land with commercial/residential potential.
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      Nappanee Agricultural Land Parcel

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    Nappanee, IN 46550-2300
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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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