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    Property profile & analytics

    615 Main St Mishawaka, IN 46544-2108

    • Residential income homes
    • 3,424 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US31-1988845
    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

    • Affordable Auto Rental / Used Car Dealer / Car Rental Agency

    Property Details for 615 Main St

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    3,424 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    71-09-16-435-013.000-023
    APU
    710916435013000023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $245,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $310,000
      Mixed-Use
      $295,000
      Hospitality
      $295,000
      Educational
      $300,000
      Residential Income
      $265,000
      Energy
      $275,000
      Income-Based Land
      $260,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1809
    Latitude
    41.6553
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI 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
    $1,962
    $16,000
    $67,600
    $83,600
    -
    $16,000
    $67,600
    $83,600

    Comparable in this City

    • Value Estimation by Request
      2,590 SF

      709 12th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,590 SF
      709 12th St, Mishawaka, IN 46544-5458
      View Details
    • Value Estimation by Request
      2,590 SF

      703 12th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,590 SF
      703 12th St, Mishawaka, IN 46544-5457
      View Details
    • Value Estimation by Request
      3,045 SF

      424 7th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,045 SF
      424 7th St, Mishawaka, IN 46544-5168
      View Details
    • Value Estimation
      $220,000
      3,581 SF

      331 Smith St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,581 SF
      331 Smith St, Mishawaka, IN 46544-1777
      View Details
    • Value Estimation
      $280,000
      3,024 SF

      720 6th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,024 SF
      720 6th St, Mishawaka, IN 46544-4933
      View Details
    • Value Estimation by Request
      7,596 SF

      217 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,596 SF
      217 3rd St, Mishawaka, IN 46544-1923
      View Details

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    615 Main St
    Mishawaka, IN 46544-2108
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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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