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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Retail space
1524 Ws St, Lebanon, IN 46052
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-1720429
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
6,464 SF
Lot
1.56 ac (67,954 SF)
Zoning code
ZO01
APN
06-10-36-000-128.000-002
UPID
US31-1720429
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.35M
Owner & transaction history
Melendez Properties LLC · 2 yrs held
Melendez Properties LLC
since 2024
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
ZO01 · Lebanon, IN
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Jan 8 2024)
Last sale anchor
$1.35M
Jan 8 2024
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
$209 / 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
$24,489
Tax year 2023
Assessed value
$1,184,400
Assessed 2023
Previous assessed
$1,184,400
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$246,400
Assessed improvement
$938,000
Land market value
$246,400
Improvement market value
$938,000
Total market value
$1,184,400
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
6,464 SF
Lot
1.56 ac (67,954 SF)
Zoning code
ZO01
APN
06-10-36-000-128.000-002
UPID
US31-1720429
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Lebanon, IN
Zoning ZO01 · permitted uses
ZO01 · Lebanon, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Melendez Properties LLC
Entity
Mailing address
4292 W 186TH ST, SHERIDAN, IN 46069-9287
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$1,350,000
Melendez Properties LLC
Butterfield Ridge No 2 INC
Special Warranty Deed
$850,000 · Butterfield Ridge No 2 LLC
Jan 8, 2024
—
Melendez Properties LLC
Butterfield Ridge No 2 INC
Special Warranty Deed
$850,000 · Butterfield Ridge No 2 LLC
Sep 15, 2006
—
Butterfield Ridge No 2 INC
Classic Dining Of Lebanon INC
Warranty Deed
$975,000 · Harris NA
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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