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Property profile & analytics
FOR LEASE
Office Spaces
1007 Ml Pond Dr Greencastle, IN 46135
Entity Owned
~
Est. High Equity
Property ID
US31-0713373
For Lease
1 / 21
$5,000/Mo
1007 Ml Pond Dr, Greencastle, IN 46135
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
WOOD
Total area
11,375 SF
Lot
1.36 ac (59,242 SF)
Zoning code
ZO01
APN
67-09-22-103-001.006-008
UPID
US31-0713373
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
$755k
Owner & transaction history
Ggm Property Management Group LLC
Ggm Property Management Group LLC
since 2025
3 recorded transactions
Zoning & alternative use
ZO01 · Greencastle, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+46.9%
Warehouse, storage
$990,000
+39.9%
Retail stores
$980,000
+38.5%
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 Greencastle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greencastle 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
COMMERCIAL (GENERAL)
$705,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$990,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$980,000
Change: +38% · Conversion: Easy
RESTAURANT
$955,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$895,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$66 / 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
$27,759
Tax year 2023
Assessed value
$925,300
Assessed 2023
Previous assessed
$925,300
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$133,800
Assessed improvement
$791,500
Land market value
$133,800
Improvement market value
$791,500
Total market value
$925,300
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2001
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,375 SF
Lot
1.36 ac (59,242 SF)
Zoning code
ZO01
APN
67-09-22-103-001.006-008
UPID
US31-0713373
Jurisdiction
PUTNAM
Zoning & alternative use
ZO01 · Greencastle, IN
Zoning ZO01 · permitted uses
ZO01 · Greencastle, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greencastle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$990,000
RETAIL STORES
Est. value
$980,000
RESTAURANT
Est. value
$955,000
INDUSTRIAL (GENERAL)
Est. value
$895,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
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
2001
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Ggm Property Management Group LLC
Entity
Mailing address
PO BOX 193, BRAZIL, IN 47834-0193
Ownership since
2025
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
Aug 25, 2025
—
Ggm Property Management Group LLC
Emmert Group Properties LLC
Warranty Deed
$1,050,000 · First Mid Illinois Bk & Tr NA
Jan 31, 2019
—
Emmert Family LP
Emmert Family LP
Intrafamily Transfer
related
$850,000 · Casey State Bank
Apr 5, 2007
—
Emmert Holdings LLC
Emmert,bradley J & Kimberly A
Quit Claim Deed
related
$720,000 · First Financial Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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