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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Retail space
416 Huntington St Syracuse, IN 46567-1805
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2142346
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
WOOD
Total area
12,228 SF
Lot
1.08 ac (47,045 SF)
Zoning code
COMME
APN
43-04-08-400-127.000-026
UPID
US31-2142346
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
-
Kraft Auction Service - Syracuse, IN Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$429k
Blend (final)
Blend
$685k
Owner & transaction history
Kraft Auction Service LLC · 3 yrs held
Kraft Auction Service LLC
since 2023
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
COMME · Syracuse, 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 Syracuse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Syracuse 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
$720,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$775,000
Current use
COMMERCIAL (GENERAL)
$690,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $675k (Jun 26 2023)
Last sale anchor
$675k
Jun 26 2023
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
$56 / 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
$5,747
Tax year 2023
Assessed value
$335,900
Assessed 2023
Previous assessed
$335,900
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$195,300
Assessed improvement
$140,600
Land market value
$195,300
Improvement market value
$140,600
Total market value
$335,900
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Total area
12,228 SF
Lot
1.08 ac (47,045 SF)
Zoning code
COMME
APN
43-04-08-400-127.000-026
UPID
US31-2142346
Jurisdiction
KOSCIUSKO
Zoning & alternative use
COMME · Syracuse, IN
Zoning COMME · permitted uses
COMME · Syracuse, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Syracuse. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$690,000
RETAIL STORES Current
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Kraft Auction Service LLC
Entity
Free & Clear · 3 yrs held
Mailing address
27 S 117TH E, VALPARAISO, IN 46383-7911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
—
Kraft Auction Service LLC
—
Deed
related
$2,500,000 · Centier Bank
Jun 26, 2023
—
Kraft Auction Service LLC
Albert Gervas Schafer Trust
Deed
—
Jun 26, 2023
$675,000
Kraft Auction Service LLC
Albert Gervas Schafer Trust
Deed
—
Oct 17, 2022
$550,000
Albert Gervas Schafer Trust
Korenstra Family Foundation LP
Warranty Deed
—
Dec 17, 2018
$310,000
John Brian Craft
Bgm Ventures LLC
Correction Deed
related
—
Dec 5, 2018
$310,000
John Brian Craft
Bgm Ventures LLC
Warranty Deed
$260,000 · Bgm Ventures LLC
May 19, 2009
$265,948
Bgm Ventures LLC
Parkmor Drug INC
Warranty Deed
$298,000 · Crossroads Bank
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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