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Property profile & analytics
OFF-MARKET
Retail space
50521 State Rd 13 Middlebury, IN 46540-9653
Individually Owned
3-yr Hold
Free & Clear
Property ID
US31-1001978
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
WOOD
Total area
13,772 SF
Lot
2.07 ac (90,169 SF)
Zoning code
ZO01
APN
20-04-12-300-001.000-032
UPID
US31-1001978
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
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
Vada J Berkey · 3 yrs held
Vada J Berkey
since 2022
6 recorded transactions
Zoning & alternative use
ZO01 · Middlebury, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Middlebury, VT
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 Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury 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
$4,657
Tax year 2023
Assessed value
$261,900
Assessed 2023
Previous assessed
$261,900
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$51,800
Assessed improvement
$210,100
Land market value
$51,800
Improvement market value
$210,100
Total market value
$261,900
Applied tax rate
32.0000
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
1958
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
13,772 SF
Lot
2.07 ac (90,169 SF)
Zoning code
ZO01
APN
20-04-12-300-001.000-032
UPID
US31-1001978
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · Middlebury, INZoning ZO01 · permitted uses
ZO01 · Middlebury, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Middlebury, VT
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Vada J Berkey
Individual
Free & Clear · 3 yrs held
Mailing address
12812 COUNTY RD 2ND 2, MIDDLEBURY, IN 46540-9636
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
Vada J Berkey
Vada J Berkey
Intrafamily Transfer
related
—
Nov 13, 2014
—
Richard W Berkey
—
Deed Of Trust
related
$350,000 · First St Bk/middlebury
—
—
Richard W Berkey
—
Loan Modification
related
—
—
—
Richard W Berkey
—
Loan Modification
related
—
—
—
Richard W Berkey
—
Deed Of Trust
related
$81,646 · First St Bk/middlebury
—
—
Richard W Berkey
—
Loan Modification
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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