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Financial
Distress signals
Property profile

2930 S Nappanee St Elkhart, IN 46517

FOR LEASE
Office Spaces
Property ID
US31-0132885
25,288 SF 1.98 ac lot Built 1975
Last sale Dec 2020 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$1.00M
Assessed land$139k
Assessed improvement$864k
Effective rate1.98%

Value estimate

· Oct 2026
$855k
$770k – $941k
AI approach$985k
Submarket $/SF estimate$1.10M
NOI build-up
Gross scheduled income$116k
Vacancy & credit loss−$31k
Operating expenses−$21k
NOI · 1,269,860.00% cap applied$63k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$49/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$23 – $82

Cap rate analysis

How does the asset earn?
1,269,860.00%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ZO01
JurisdictionELKHART

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.4
Hair Salon10.9
HVAC Service10.5

Location

2930 S Nappanee St Elkhart, IN 46517
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
101 Hively, Elkhart, IN 46517-2129 $90,000 Feb 2024 4,452 SF
102 Concord Mall, Elkhart, IN 46517 $66,275 Jan 2023 5,816 SF
3301 Benham, Elkhart, IN 46517-2247 $31,200 Dec 2022 3,776 SF
58096 County Rd 7th, Elkhart, IN 46517-9223 $500,000 Feb 2020 20,622 SF
23919 Us Hwy 33, Elkhart, IN 46517-3508 $135,000 Nov 2019 2,746 SF
3542 Main, Elkhart, IN 46517-3122 $85,000 Nov 2018 4,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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