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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office Spaces
104 Main St Farmland, IN 47340-9299
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US31-0955675
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1899
Construction
WOOD
Total area
9,290 SF
Lot
0.12 ac (5,339 SF)
APN
68-08-18-253-045.000-008
UPID
US31-0955675
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
Current use
Occupant on record · Public records
-
Wagner Auctioneering and Real Estate Real Estate Agency
-
John P Tinsman Real Estate Real Estate Agency
-
Your Hoosier Home | Curtis Cunningham Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Andrew Wagner · 12 yrs held
Andrew Wagner
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Farmland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$57 / 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
$2,868
Tax year 2023
Assessed value
$95,600
Assessed 2023
Previous assessed
$95,600
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$9,100
Assessed improvement
$86,500
Land market value
$9,100
Improvement market value
$86,500
Total market value
$95,600
Applied tax rate
14.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1899
Construction
WOOD
Heating
NONE
Stories
2
Total area
9,290 SF
Lot
0.12 ac (5,339 SF)
APN
68-08-18-253-045.000-008
UPID
US31-0955675
Jurisdiction
RANDOLPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1899
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Andrew Wagner
Individual
Mailing address
PO BOX 212, FARMLAND, IN 47340-0212
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2014
—
Andrew Wagner
Historic Farmland USA INC
Warranty Deed
$60,000 · First Merchants Bank NA
May 28, 2013
—
Historic Farmland USA INC
Ccd LLP
Quit Claim Deed
related
—
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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