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Property profile & analytics
OFF-MARKET
Retail space
115 Market St New Albany, IN 47150-3527
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-1359527
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Construction
WOOD
Total area
2,184 SF
Lot
0.05 ac (2,178 SF)
APN
22-05-00-200-408.000-008
UPID
US31-1359527
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
-
HMS Global Maritime Freight Service Logistics Company
-
Hornblower Marine Services Military Base
-
Ranger Cash Advance Loan Service
-
Hitching Post Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luna & Smith Holdings LLC · 2 yrs held
Luna & Smith Holdings LLC
since 2023
7 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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
—
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
$2,084
Tax year 2023
Assessed value
$71,900
Assessed 2023
Previous assessed
$71,900
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$14,700
Assessed improvement
$57,200
Land market value
$14,700
Improvement market value
$57,200
Total market value
$71,900
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,184 SF
Lot
0.05 ac (2,178 SF)
APN
22-05-00-200-408.000-008
UPID
US31-1359527
Jurisdiction
FLOYD
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
1929
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Luna & Smith Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1248, NEW ALBANY, IN 47151-1248
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
Neace Hospitality New Albany LLC
—
Deed
related
$584,356 · German American Bank Corp
Oct 10, 2023
—
Neace Hospitality New Albany LLC
—
Deed
related
$328,000 · German American Bank Corp
Sep 25, 2023
—
Luna & Smith Holdings LLC
Hitching Post Holdings LLC
Warranty Deed
—
Jan 4, 2022
—
115 East Market Street Property LLC
Sea Star Real Estate Investments Ll
Warranty Deed
—
May 30, 2019
—
Floyd County Brewing Co LLC
Brian T Sieg
Warranty Deed
—
May 24, 2017
—
Sea Star Realestate Invs LLC
—
Deed
related
$181,960 · Mainsource Bank
Feb 12, 2014
—
Hitching Post Holdings LLC
Willard A Watkins
Warranty Deed
—
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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