Property profile

1219 Main St Lapel, IN 46051

OFF-MARKET
Commercial real estate
Property ID
US31-1272153
21,374 SF 1.06 ac lot Built 1900
Individually Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 21,374 SF
Lot 1.06 ac (46,304 SF)
APN 48-10-28-102-010.000-032
UPID US31-1272153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center

Location

1219 Main St Lapel, IN 46051-9674
Lapel metro Census 11100 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$415k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.3M +60.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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