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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
1130 Baldwin Ave 1136, Marion, IN 46952-2536
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-1413561
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
11,173 SF
Lot
1 ac (43,560 SF)
APN
27-03-36-401-031.000-023
UPID
US31-1413561
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
-
Marion General Hospital Respiratory Illness Clinic Hospital
-
Nikolina Wiler Physician
-
Colt Cansler Physician
-
Stephen Keller Physician
-
Marion Health - MGH Express Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$560k
Owner & transaction history
Marion General Hospital INC · 2 yrs held
Marion General Hospital INC
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+123.8%
Retail stores
$730,000
+89.6%
Commercial (general)
$600,000
+56.3%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$385,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +124% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +56% · Conversion: Easy
INDUSTRIAL (GENERAL)
$420,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$50 / 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
$41,910
Tax year 2023
Assessed value
$1,397,000
Assessed 2023
Previous assessed
$1,397,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$200,000
Assessed improvement
$1,197,000
Land market value
$200,000
Improvement market value
$1,197,000
Total market value
$1,397,000
Applied tax rate
25.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
11,173 SF
Lot
1 ac (43,560 SF)
APN
27-03-36-401-031.000-023
UPID
US31-1413561
Jurisdiction
GRANT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$600,000
INDUSTRIAL (GENERAL)
Est. value
$420,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Marion General Hospital INC
Entity
Free & Clear · 2 yrs held
Mailing address
441 N WABASH AVE, MARION, IN 46952-2612
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
—
Marion General Hospital INC
Culp Ventures LLC
Warranty Deed
—
Aug 21, 2017
—
Culp Ventures LLC
—
Deed
related
$1,287,750 · Terre Haute Savings Bank
Dec 22, 2014
—
Zachary Papadakis
Culp Ventures LLC
Warranty Deed
$1,269,765 · First Financial Bank NA
Jul 12, 2013
—
Culp Ventures LLC
Midwest Business Capital
Warranty Deed
$990,000 · Terre Haute Savings Bank
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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