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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Outlet malls
68533 State Rd 15 New Paris, IN 46553-9639
Entity Owned
9-yr Hold
Free & Clear
Property ID
US31-0600169
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Construction
TYPE NOT SPECIFIED
Total area
9,425 SF
Lot
1.76 ac (76,666 SF)
Zoning code
ZO01
APN
20-15-09-401-002.000-018
UPID
US31-0600169
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
$923k
Blend (final)
Blend
$1.05M
Owner & transaction history
Dkg New Paris LLC · 9 yrs held
Dkg New Paris LLC
since 2016
3 recorded transactions
Zoning & alternative use
ZO01 · New Paris, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$815,000
+30.0%
Commercial (general)
$775,000
+24.1%
Auto repair, garage
$770,000
+23.3%
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 New Paris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Paris 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$815,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$775,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$645,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$111 / 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
$11,378
Tax year 2023
Assessed value
$718,800
Assessed 2023
Previous assessed
$718,800
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$78,100
Assessed improvement
$640,700
Land market value
$78,100
Improvement market value
$640,700
Total market value
$718,800
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Rooms
8
Bathrooms
1
Total area
9,425 SF
Lot
1.76 ac (76,666 SF)
Zoning code
ZO01
APN
20-15-09-401-002.000-018
UPID
US31-0600169
Jurisdiction
ELKHART
Zoning & alternative use
ZO01 · New Paris, IN
Zoning ZO01 · permitted uses
ZO01 · New Paris, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Paris. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$645,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2012
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Rooms
8
Bathrooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Dkg New Paris LLC
Entity
Free & Clear · 9 yrs held
Mailing address
56257 DANA DR, BRISTOL, IN 46507-9520
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2016
$2,381,000
Dkg New Paris LLC
Bl New Paris LLC
Grant Deed
—
Dec 27, 2012
$1,130,000
Bl New Paris LLC
New Paris Partners LLC
Grant Deed
—
Aug 28, 2012
—
New Paris Partners LLC
Northern Lakes Investment INC
Warranty Deed
—
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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