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    Property profile & analytics

    253 Market St Nappanee, IN 46550-1921

    • Retail space
    • 5,600 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US31-3503872
    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

    • Edward Jones - Financial Advisor: Trevor Shields, CFP® / Financial Consultant / Finance Broker
    • Edward Jones / Financial Consultant / Finance Broker
    • Edward Jones - Financial Advisor: David R Kauffman, CFP® / Investment Service / Finance Broker

    Property Details for 253 Market St

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    5,600 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    20-13-36-428-015.000-021
    APU
    201336428015000021

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $275,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $265,000
      Mixed-Use
      $240,000
      Hospitality
      $240,000
      Educational
      $295,000
      Residential Income
      $275,000
      Energy
      $225,000
      Income-Based Land
      $230,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Nappanee
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0036
    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
    $11,509
    $31,100
    $368,000
    $399,100
    -
    $31,100
    $368,000
    $399,100

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      R 19

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      R 19, Nappanee, IN 46550
      View Details
    • Value Estimation by Request
      1,385 SF

      Main

      RETAIL STORES (PERSONAL SERVICES) • 1,385 SF
      Main, Nappanee, IN 46550
      View Details
    • Value Estimation by Request
      1,650 SF

      110 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      110 Main St, Nappanee, IN 46550-1938
      View Details
    • Value Estimation
      $485,000
      6,300 SF

      251 Dal Mar Way

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      251 Dal Mar Way, Nappanee, IN 46550-9204
      View Details
    • Value Estimation
      $330,000
      6,820 SF

      201 Lincoln St

      RETAIL STORES (PERSONAL SERVICES) • 6,820 SF
      201 Lincoln St, Nappanee, IN 46550-1905
      View Details
    • Value Estimation
      $85,000
      3,232 SF

      252 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 3,232 SF
      252 Madison St, Nappanee, IN 46550-2117
      View Details

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    253 Market St
    Nappanee, IN 46550-1921
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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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