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    Property profile & analytics

    711 Nappanee St Elkhart, IN 46514-1505

    • Parking lots & garages
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US31-0784069
    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

    • Toyota Parts / Auto Parts Store
    • Toyota Service / Auto Repair Shop
    • Heart City Toyota / Auto Parts Store / Car Repair And Maintenance Service

    Property Details for 711 Nappanee St

    Year built
    2005
    Lot size
    0.77 lot acres
    Zone code
    ZO01
    Property type
    Parking lots & garages
    APN
    20-05-01-276-005.000-006
    APU
    200501276005000006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $355,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $400,000
      Mixed-Use
      $385,000
      Hospitality
      $320,000
      Educational
      $395,000
      Residential Income
      $330,000
      Energy
      $350,000
      Income-Based Land
      $345,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0039
    Latitude
    41.6918
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN 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
    $2,562
    $70,300
    $11,000
    $81,300
    -
    $70,300
    $11,000
    $81,300

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      Bower St

      PARKING LOT • 0.14 Acres
      Bower St, Elkhart, IN 46514
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    • Value Estimation by Request
      19,742 SF

      51530 State Rd 19

      PARKING LOT • 19,742 SF
      51530 State Rd 19, Elkhart, IN 46514-5873
      View Details
    • Value Estimation
      $275,000
      0.99 Acres

      51530 State Rd 19

      PARKING LOT • 0.99 Acres
      51530 State Rd 19, Elkhart, IN 46514-5873
      View Details
    • Value Estimation
      $360,000
      1.56 Acres

      Mall Dr

      PARKING LOT • 1.56 Acres
      Mall Dr, Elkhart, IN 46514
      View Details
    • Value Estimation
      $410,000
      7,000 SF

      29332 County Rd 10

      PARKING GARAGE, PARKING STRUCTURE • 7,000 SF
      29332 County Rd 10, Elkhart, IN 46514-8782
      View Details
    • Value Estimation
      $305,000
      2,880 SF

      2501 Lexington Ave

      PARKING GARAGE, PARKING STRUCTURE • 2,880 SF
      2501 Lexington Ave, Elkhart, IN 46514-1415
      View Details

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      Profitable Gas Station, High Traffic Area
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    • Contact for pricing
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      Elkhart Auto Shop - 1272 SF

      Prime Elkhart auto shop, 1272 sq ft, high visibility.
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      Established Restaurant, High Traffic Area
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    Similar Nearby for Lease

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      Retail space available in multi-tenant center with ample parking.
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      Prime Elkhart flex space available. 10,032 SF vacant.
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    • $5 SF/Yr
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      Elkhart Flex Space: 12,500 SF

      Prime Elkhart County flex space, ideal for retail or industrial use.
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    • $1,000 /Mo
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      Commercial Suites on Beardsley Avenue

      Well-maintained commercial suites available for lease in Elkhart, Indiana.
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    • $1.00 SF/Yr
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      Elkhart Commercial Space Available

      Flexible Spaces, Prime Location
      0 Elkhart In, Elkhart, IN 46514
      View Details
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    711 Nappanee St
    Elkhart, IN 46514-1505
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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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