Financial
Distress signals
Property profile

3115 Meridian Parke Dr Greenwood, IN 46142

FOR LEASE
Strip malls
Property ID
US31-1185260
31,496 SF 4.57 ac lot Built 1989
Last sale Sep 2017 · $3,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Meridian Parke Plaza is a neighborhood shopping center comprising approximately 31,673± square feet of retail space. The center is located along Greenwood’s primary State Road 135 retail corridor and is positioned in proximity to major grocery-anchored retailers, with Meijer and Kroger serving as anchor tenants. The property includes a mix of service and specialty retail and is configured to accommodate multiple tenant suites, with available spaces sized around 1,800 to 1,850 square feet. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$72k
Tax billed · 2023
Assessed value$3.01M
Assessed land$1.36M
Assessed improvement$1.65M
Effective rate2.38%

Value estimate

· Sep 2026
$810k
$729k – $891k
AI approach$620k
Submarket $/SF estimate$996k
NOI build-up
Gross scheduled income$532k
Vacancy & credit loss−$37k
Operating expenses−$148k
NOI · 6,141.86% cap applied$346k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6,141.86%
$346k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.5
Computer & Electronic Repair9.4
Electrical Service9.3

Location

3115 Meridian Parke Dr Greenwood, IN 46142
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1259 State Rd 135, Greenwood, IN 46142-1033 $4,837,500 Apr 2023 42,057 SF
1211 Madison, Greenwood, IN 46142-4300 $2,615,000 Nov 2021 29,858 SF
337 Western, Greenwood, IN 46142-8700 $850,000 Nov 2020 8,364 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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