Financial
Distress signals
Property profile

1333 Bono Rd New Albany, IN 47150

FOR SALE
Other commercial real estate
Property ID
US31-1120781
6,096 SF 0.26 ac lot Built 1964
Last sale Apr 2015 · $82,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Tri-level, concrete block church facility in New Albany configured for group use and flexible programming. The building is served by two gas furnaces and central air conditioning units, and includes two restrooms and a kitchen area. A large meeting room is located on the lower level, and exit doors are provided from all levels for egress. Ground level space is approximately 40 by 32 feet with ceiling heights of about 14 feet. The current layout includes a sanctuary designed for up to 100 seated…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$87k
Assessed land$34k
Assessed improvement$54k

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$265k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$21k
Operating expenses−$18k
NOI · 17.59% cap applied$53k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$64/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$39 – $100
Qualifying comparables4

Cap rate analysis

How does the asset earn?
17.59%
$53k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFLOYD

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.2
Dry Cleaner9.1
Laundry Service8.5

Location

1333 Bono Rd New Albany, IN 47150
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog · not on file

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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1620 Market, New Albany, IN 47150-2812 $225,000 Dec 2025 3,612 SF
223 Main, New Albany, IN 47150-5818 $225,000 Mar 2025 5,250 SF
151 Main, New Albany, IN 47150-5849 $895,000 May 2022 4,000 SF
4105 Earnings, New Albany, IN 47150-7202 $560,000 Dec 2021 8,166 SF
30 3rd, New Albany, IN 47150 $300,000 Mar 2021 5,358 SF
705 Pearl, New Albany, IN 47150-4752 $175,000 Jan 2021 8,000 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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