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Property profile & analytics
FOR SALE
Retail space
3365 S Main St Elkhart, IN 46517
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-2733236
For Sale
1 / 5
$1,295,000
3365 S Main St, Elkhart, IN 46517
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Property summary
AI-generated overview
This exceptional 3,482 square foot storefront, located at 3365 S Main St, Elkhart, IN 46517, presents a lucrative investment opportunity. The property, built in 1996 and situated on a 1.18-acre lot, is currently occupied by Verizon Wireless under a triple net (NNN) lease, requiring no expenses from the owner. Verizon has been a tenant since 1997, operating a cellular training center and retail store. The location boasts exceptional visibility on Main Street (US 33), with convenient access from Shaffer Avenue. High traffic counts are guaranteed, with 12,627 vehicles daily north of the bypass, 13,505 south, and 20,562 on the US 20 Bypass. The property benefits from a large parking area and municipal utilities. The strong demographics further enhance its appeal: within a three-mile radius, the 2021 population census recorded 44,071 residents
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
WOOD
Total area
3,482 SF
Lot
1.14 ac (49,441 SF)
Zoning code
ZO01
APN
20-06-22-126-034.000-011
UPID
US31-2733236
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Verizon Business Services Business To Business Service
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
Lion Gate Investments LLC · 8 yrs held
Lion Gate Investments LLC
since 2018
1 recorded transaction
Zoning & alternative use
ZO01 · Elkhart, 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 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
$11,460
Tax year 2023
Assessed value
$378,600
Assessed 2023
Previous assessed
$378,600
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$179,500
Assessed improvement
$199,100
Land market value
$179,500
Improvement market value
$199,100
Total market value
$378,600
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1996
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,482 SF
Lot
1.14 ac (49,441 SF)
Zoning code
ZO01
APN
20-06-22-126-034.000-011
UPID
US31-2733236
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Elkhart, IN
Zoning ZO01 · permitted uses
ZO01 · Elkhart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkhart. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Lion Gate Investments LLC
Entity
Mailing address
PO BOX 1326, ELKHART, IN 46515-1326
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2018
—
Lion Gate Investments LLC
F & F Properties LLP
Warranty Deed
$700,000 · First St Bk/middlebury
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.
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