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Property profile & analytics
OFF-MARKET
Estimated value
$4,085,000
Office Spaces
1306 27th St Columbus, IN 47201-3101
Individually Owned
1-yr Hold
Free & Clear
Property ID
US31-1781466
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
41,040 SF
Lot
6.55 ac (285,318 SF)
APN
03-96-18-220-000.200-005
UPID
US31-1781466
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
-
St Bartholomew Catholic Church Resort
-
St. Bartholomew Parish Office Church Mosque
-
St. Bartholomew School Religious School
-
Saint Bartholomew Soup Kitchen - Food Distribution Center Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$4.09M
Owner & transaction history
Roman Catholic Archdiocese Indianap · 1 yrs held
Roman Catholic Archdiocese Indianap
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+59.5%
Retail stores
$3.2M
+49.4%
Medical building
$2.7M
+26.2%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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%
$5,080,000
6.5%
$4,690,000
7%
$4,355,000
Alternative Use
Use
Estimation
RESTAURANT
$3,400,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$3,185,000
Change: +49% · Conversion: Easy
MEDICAL BUILDING
$2,690,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,615,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,580,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±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
$100 / 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
Assessed value
$6,115,700
Assessed 2023
Previous assessed
$6,115,700
+0.0% YoY
Assessed land
$131,000
Assessed improvement
$5,984,700
Land market value
$131,000
Improvement market value
$5,984,700
Total market value
$6,115,700
Applied tax rate
5.0000
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
1963
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
4
Stories
2
Total area
41,040 SF
Lot
6.55 ac (285,318 SF)
APN
03-96-18-220-000.200-005
UPID
US31-1781466
Jurisdiction
BARTHOLOMEW
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
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1963
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
4
Lot
6.55 ac
Current owner
From public records · entity-resolved
Roman Catholic Archdiocese Indianap
Individual
Free & Clear · 1 yrs held
Mailing address
1400 N MERIDIAN ST, INDIANAPOLIS, IN 46202-2305
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
Roman Catholic Archdiocese Indianap
Roman Catholic Archdiocese Indianap
Quitclaim Deed
related
—
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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