Technical
Financial
Distress signals
Property profile

2905 Ferndale Rd Elkhart, IN 46517

OFF-MARKET
Turn key restaurants
Property ID
US31-0641289
4,715 SF 1.48 ac lot Built 2007
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2007
Construction WOOD
Total area 4,715 SF
Lot 1.48 ac (64,338 SF)
Zoning code ZO01
APN 20-06-26-477-014.000-013
UPID US31-0641289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

2905 Ferndale Rd Elkhart, IN 46517-8789
Elkhart metro Census 2001 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
$667k
Blend (final) Blend
$505k

Owner & transaction history

since 2006
6 recorded transactions
2018
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN
Top alternative use upside
Auto repair, garage $470,000 +5.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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