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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Office Spaces
120 Spg St New Albany, IN 47150-3653
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-1797709
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
STEEL FRAME
Total area
22,176 SF
Lot
0.57 ac (24,829 SF)
APN
22-05-00-200-044.000-008
UPID
US31-1797709
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
-
Clark Dietz, Inc. Environmental Engineer Mechanical Engineer
-
Chase Bank Bank Loan Service
-
Chase Mortgage Loan Service Bank
-
Cindy Darnall Johnson - Chase Home Lending Advisor - NMLS ID 443616 Loan Service Bank
-
Wyatt Tarrant & Combs LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.11M
Owner & transaction history
Floyd County Indiana Building Corp · 1 yrs held
Floyd County Indiana Building Corp
since 2024
5 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
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
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$95 / 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
$42,483
Tax year 2023
Assessed value
$1,465,800
Assessed 2023
Previous assessed
$1,465,800
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$99,600
Assessed improvement
$1,366,200
Land market value
$99,600
Improvement market value
$1,366,200
Total market value
$1,465,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
22,176 SF
Lot
0.57 ac (24,829 SF)
APN
22-05-00-200-044.000-008
UPID
US31-1797709
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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
0.57 ac
Current owner
From public records · entity-resolved
Floyd County Indiana Building Corp
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1072, NEW ALBANY, IN 47151-1072
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Floyd County Indiana Building Corp
120 W Spring LLC
Warranty Deed
—
Aug 27, 2024
—
Chalfant Industries INC
—
Deed
related
$250,000 · New Washington State Bank
Sep 28, 2018
—
120 W Spring LLC
—
Deed
related
$2,100,000 · L & N FCU
Apr 18, 2018
—
Chalfant Industries INC
—
Deed
related
$1,360,000 · New Washington State Bank
Apr 13, 2018
—
120 W Springs LLC
Jp Morgan Chase Bank
Deed
$1,360,000 · New Washington State 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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