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Property profile & analytics
FOR SALE
Grocery and convenience stores
2217 W Franklin St Elkhart, IN 46516
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-1121052
For Sale
1 / 9
$2,200,000
2217 W Franklin St, Elkhart, IN 46516
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2019
Construction
TYPE NOT SPECIFIED
Total area
3,014 SF
Lot
1.26 ac (54,886 SF)
APN
20-06-07-351-003.000-012
UPID
US31-1121052
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
-
Phillips 66 Gas Station
-
Krispy Krunchy Chicken Restaurant
-
Amul Express/Patron Pollos Al Carbon Grocery & Convenience Store
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
Triple R Petroleum INC · 1 yrs held
Triple R Petroleum INC
since 2024
6 recorded transactions
Zoning & alternative use
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
$22,920
Tax year 2023
Assessed value
$752,800
Assessed 2023
Previous assessed
$752,800
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$88,200
Assessed improvement
$664,600
Land market value
$88,200
Improvement market value
$664,600
Total market value
$752,800
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
For Sale
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
3,014 SF
Lot
1.26 ac (54,886 SF)
APN
20-06-07-351-003.000-012
UPID
US31-1121052
Jurisdiction
ELKHART
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Triple R Petroleum INC
Entity
Mailing address
2217 W FRANKLIN ST, ELKHART, IN 46516-1957
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Triple R Petroleum INC
Amul Petroleum INC
Warranty Deed
$967,500 · Old National Bank
Aug 5, 2020
—
Amul Petroleum INC
—
Deed
related
$456,000 · Business Dev
May 3, 2019
—
Amul Petroleum INC
Gurpreet Singh
Quit Claim Deed
related
$2,369,600 · 1st Source Bank
Jan 18, 2017
—
Gurpreet Singh
Omari,khaled H
Warranty Deed
—
May 14, 2015
—
Khaled H Omari
Gonsalves John R & Katherine E
Warranty Deed
—
—
—
Amul Petroleum INC
—
Deed Of Trust
related
$456,000 · Business Dev
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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