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    Property profile & analytics

    201 Market St Nappanee, IN 46550-2119

    • Office Properties & Spaces
    • 10,986 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US31-2626766
    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

    • Nappanee Market on Market / Farmers' Market
    • Downtown Pavilion / Parking Lot

    Property Details for 201 Market St

    Year built
    1928
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    10,986 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    20-14-31-302-001.000-029
    APU
    201431302001000029

    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
    -85.9997
    Latitude
    41.4424
    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
    $6,636
    $16,500
    $215,700
    $232,200
    -
    $16,500
    $215,700
    $232,200

    Comparable in this City

    • Value Estimation by Request
      252,232 SF

      19th N Cr150

      OFFICE (GENERAL) • 252,232 SF
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    • Value Estimation by Request
      3,036 SF

      215 Market St

      OFFICE (GENERAL) • 3,036 SF
      215 Market St, Nappanee, IN 46550-1921
      View Details
    • Value Estimation
      $350,000
      2,560 SF

      124 4th Rd

      OFFICE (GENERAL) • 2,560 SF
      124 4th Rd, Nappanee, IN 46550-9505
      View Details
    • Value Estimation
      $335,000
      3,726 SF

      72015 County Rd 100

      OFFICE (GENERAL) • 3,726 SF
      72015 County Rd 100, Nappanee, IN 46550-9353
      View Details
    • Value Estimation
      $485,000
      20,529 SF

      29522 County Rd 52

      OFFICE (GENERAL) • 20,529 SF
      29522 County Rd 52, Nappanee, IN 46550-9471
      View Details
    • Value Estimation
      $365,000
      6,776 SF

      102 Heritage Pkwy

      OFFICE (GENERAL) • 6,776 SF
      102 Heritage Pkwy, Nappanee, IN 46550-1156
      View Details

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      Goshen Fiveplex: Turn-Key Investment

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      Nappanee Vacant Land Auction

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    201 Market St
    Nappanee, IN 46550-2119
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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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