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Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Outlet malls
3802 Midway Rd Goshen, IN 46526-5852
Entity Owned
6-yr Hold
Free & Clear
Property ID
US31-0636881
Property summary
AI-generated overview
This exceptional retail property, located at 3802 Midway Road in Goshen, Indiana, offers a prime opportunity for a single-tenant business. The building boasts a substantial 142,082 square feet of total space, with 7,650 square feet currently available for lease. Situated in Elkhart County, this location benefits from excellent visibility and accessibility, making it ideal for a variety of retail ventures. Ample parking is provided with 710 spaces available for customers and employees. The property is classified as a retail store and is categorized as single-tenant occupancy. The property's address is 3802 Midway Rd, Goshen, IN 46526. Its geographic coordinates are latitude 41.6215696 and longitude -85.9032984. This presents a rare chance to secure a significant retail presence in a thriving Indiana community. The substantial square footage offers flexibility for various business needs, while the ample parking ensures convenient access for patrons. This is a single-tenant space, providing exclusive use and control of the leased area. The property is ready for immediate occupancy. Contact us today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
86,073 SF
Lot
9.28 ac (404,237 SF)
Zoning code
ZO01
APN
20-06-36-101-003.000-013
UPID
US31-0636881
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
-
Kohl's Department Store
-
SEPHORA at Kohl's Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.56M
Owner & transaction history
Willow Lake Plaza LLC · 6 yrs held
Willow Lake Plaza LLC
since 2020
2 recorded transactions
Zoning & alternative use
ZO01 · Goshen, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+3.4%
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 Goshen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goshen 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,610,000
Current use
MEDICAL BUILDING
$5,795,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,455,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,545,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$126,028
Tax year 2023
Assessed value
$5,159,900
Assessed 2023
Previous assessed
$5,159,900
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$2,429,100
Assessed improvement
$2,730,800
Land market value
$2,429,100
Improvement market value
$2,730,800
Total market value
$5,159,900
Applied tax rate
13.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
86,073 SF
Lot
9.28 ac (404,237 SF)
Zoning code
ZO01
APN
20-06-36-101-003.000-013
UPID
US31-0636881
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Goshen, IN
Zoning ZO01 · permitted uses
ZO01 · Goshen, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goshen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
9.28 ac
Current owner
From public records · entity-resolved
Willow Lake Plaza LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1975 HEMPSTEAD TPKE STE #309, EAST MEADOW, NY 11554-1703
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Willow Lake Plaza LLC
Dfg Wilow Lakes LLC
Special Warranty Deed
—
May 4, 2016
—
Geenen Dekock Properties Of LLC
Geenen Dekock Properties
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.
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