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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Auto shops
26392 Us Hwy 6th 6 Nappanee, IN 46550
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3465468
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1965
Construction
WOOD
Total area
33,937 SF
Lot
2.73 ac (118,919 SF)
Zoning code
ZO01
APN
20-14-32-400-002.000-029
UPID
US31-3465468
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Showalter Investments LLC · 5 yrs held
Showalter Investments LLC
since 2021
4 recorded transactions
Zoning & alternative use
ZO01 · Nappanee, 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 Nappanee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nappanee 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
$37 / SF
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
$26,240
Tax year 2023
Assessed value
$918,200
Assessed 2023
Previous assessed
$918,200
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$179,200
Assessed improvement
$739,000
Land market value
$179,200
Improvement market value
$739,000
Total market value
$918,200
Applied tax rate
29.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
33,937 SF
Lot
2.73 ac (118,919 SF)
Zoning code
ZO01
APN
20-14-32-400-002.000-029
UPID
US31-3465468
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Nappanee, INZoning ZO01 · permitted uses
ZO01 · Nappanee, IN
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
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Showalter Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
23571 COUNTY RD 38, GOSHEN, IN 46526-9326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Aug 5, 2025
—
North Trace Rv Resort LLC
—
Deed
related
$4,594,804 · Lake City Bank
Jul 27, 2021
—
Showalter Investments LLC
Showalter Investments LLC
Correction Deed
related
—
Apr 9, 2018
—
Showalter Invesmtests LLC
Barbr Lou Moore Revocagle Trsut
Trustees Deed
related
$304,000 · Lake City Bank
Dec 6, 2016
—
Moore,barbara L Trust
Moore,barbara L
Quit Claim Deed
related
—
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
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