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    Property profile & analytics

    3818 Midway Rd Elkhart, IN

    • Strip malls
    • 58,365 SF
    • 5.17 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 19, 2020
    Location Intelligence
    Property ID
    US31-3232154
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 3818 Midway Rd

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.17 lot acres
    Property size
    58,365 SF
    Zone code
    ZO01
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20-06-36-101-009.000-013
    APU
    200636101009000013

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9042
    Latitude
    41.6219
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $187,770
    $1,313,900
    $2,693,500
    $4,007,400
    -
    $1,313,900
    $2,693,500
    $4,007,400

    Comparable in this City

    • Value Estimation by Request
      32,832 SF

      2815 County Home Rd

      SHOPPING CENTER, STRIP CENTER • 32,832 SF
      2815 County Home Rd, Elkhart, IN
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    • Value Estimation by Request
      0.69 Acres

      1302 Lincoln Hwy

      Retail properties • 0.69 Acres
      1302 Lincoln Hwy, Schererville, IN
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    • Value Estimation by Request
      0.29 Acres

      Manning Ave 211th S

      PARKING LOT • 0.29 Acres
      Manning Ave 211th S, Manning Ave, IN
      View Details
    • Value Estimation
      $305,000
      1,595 SF

      Milton St 3303rd N

      RETAIL STORES (PERSONAL SERVICES) • 1,595 SF
      Milton St 3303rd N, Milton St, IN
      View Details
    • Value Estimation by Request
      1.75 Acres

      1112-1114 Commercial Ave

      Retail properties • 1.75 Acres
      1112-1114 Commercial Ave, Lowell, IN
      View Details
    • Value Estimation by Request
      4,500 SF

      5108 County Line Rd

      CONVENIENCE STORE • 4,500 SF
      5108 County Line Rd, Fort Wayne, IN
      View Details

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    Similar Nearby for Lease

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      Retail spaces available in Highland, IN, near major highways.
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      Highland Retail Space For Lease

      Retail spaces available in Highland, Indiana, ranging from 1200-4800 SF.
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      Retail space in high-traffic area near major retailers.
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      Retail Space on High-Traffic Corridor

      Retail spaces with ample parking and signage on State Hwy.
      50630-50698 State Hwy, South Bend, IN
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    3818 Midway Rd
    Elkhart, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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