Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
400 Lincoln Ave Goshen, IN 46526-2413
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-0036786
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
6,104 SF
Lot
0.36 ac (15,899 SF)
Zoning code
ZO01
APN
20-11-09-329-016.000-015
UPID
US31-0036786
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
-
Bike Parking Bicycle Rack
-
Jay Schlabach Pediatrician Physician
-
Rose Gillin Pediatrician Physician
-
Michelle Shelly, MD Physician
-
Center For Healing & Hope Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$550k
Owner & transaction history
The Center For Healing And Hope INC · 5 yrs held
The Center For Healing And Hope INC
since 2021
5 recorded transactions
Zoning & alternative use
ZO01 · Goshen, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Goshen, Indiana
Top alternative use upside
Restaurant
$515,000
+25.4%
Apartment house (5+ units)
$480,000
+16.6%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$410,000
Current use
RESTAURANT
$515,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$480,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$400,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$385,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$90 / 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
$31,770
Tax year 2023
Assessed value
$955,900
Assessed 2023
Previous assessed
$955,900
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$87,400
Assessed improvement
$868,500
Land market value
$87,400
Improvement market value
$868,500
Total market value
$955,900
Applied tax rate
15.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
2
Total area
6,104 SF
Lot
0.36 ac (15,899 SF)
Zoning code
ZO01
APN
20-11-09-329-016.000-015
UPID
US31-0036786
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Goshen, INZoning ZO01 · permitted uses
ZO01 · Goshen, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Goshen, Indiana
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$410,000
RESTAURANT
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$480,000
RETAIL STORES
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$385,000
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
The Center For Healing And Hope INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 195, GOSHEN, IN 46527-0195
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Center For Healing And Hope INC
—
Deed
related
$50,000 · Everence FCU
Jan 11, 2023
—
Center For Healing And Hope INC
—
Deed
related
$500,000 · Everence FCU
May 11, 2021
—
The Center For Healing And Hope INC
Lincoln Street Medical Building LLC
Lease
—
Aug 8, 2006
—
Lincoln Street Medical Buildin
Goshen Redev Commission
Warranty Deed
$715,000 · Elkhart Cnty Farm Bureau Cu
Apr 22, 2004
—
City Of Goshen Dept Of Redev
City Of Goshen Dept Of Redev
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 400 Lincoln Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
