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Financial
Distress signals
Property profile

1223 S Lebanon St Lebanon, IN 46052

FOR SALE
Office Spaces
Property ID
US31-2204506
868 SF 0.24 ac lot Built 1990
Last sale Jul 2008
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 868 sq ft commercial property at 1223 Lebanon Street S, Lebanon, IN, presents a unique investment opportunity. Currently operating as a beauty shop, the building offers immense versatility and potential for a wide range of businesses. Its prime location on heavily trafficked Lebanon Street ensures high visibility and accessibility. The property benefits from its proximity to the new Lebanon Field House, capitalizing on the growth of this rapidly developing area in Central Indiana. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$80k
Assessed land$12k
Assessed improvement$68k
Effective rate2.07%

Value estimate

· Oct 2026
$245k
$221k – $270k
AI approach$245k
NOI build-up
Gross scheduled income$4k
Vacancy & credit loss−$286
Operating expenses−$1k
NOI · 0.73% cap applied$3k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$65/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$33 – $99
Qualifying comparables3

Cap rate analysis

How does the asset earn?
0.73%
$3k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ZO01
JurisdictionBOONE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.0
Skin Care Clinic9.4
Tailor Shop9.2

Location

1223 S Lebanon St Lebanon, IN 46052
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1102 Lebanon, Lebanon, IN 46052-2717 $200,000 May 2025 1,680 SF
602 Ransdell, Lebanon, IN 46052-2349 $522,000 Mar 2025 3,315 SF
112 Meridian, Lebanon, IN 46052-2523 $35,000 Mar 2023 1,899 SF
107 Elm, Lebanon, IN 46052-2539 $320,000 Dec 2021 3,296 SF
204 Main, Lebanon, IN 46052-2637 $120,000 Jul 2021 1,545 SF
1601 Indianapolis, Lebanon, IN 46052-2935 $925,000 Jun 2021 1,049 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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