Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1529 State Rd 32 Crawfordsville, IN 47933-9196

    • Grocery and convenience stores
    • 2,970 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1766806
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1529 State Rd 32

    Year built
    1997
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.92 lot acres
    Property size
    2,970 SF
    Property type
    Grocery and convenience stores
    APN
    54-11-12-200-004.000-025
    APU
    541112200004000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $315,000
      Market price range: $262k - $413k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $230,000
      MEDICAL BUILDING
      $220,000
      AUTO REPAIR, GARAGE
      $195,000
      COMMERCIAL (GENERAL)
      $185,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordsville
    County
    Montgomery
    State
    Indiana
    Longitude
    -86.932
    Latitude
    40.0246
    CBSA code
    18820
    CBSA name
    CRAWFORDSVILLE, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,631
    $27,400
    $285,300
    $312,700
    -
    $27,400
    $285,300
    $312,700

    Comparable in this City

    • Value Estimation
      $345,000
      5,184 SF

      1900 Smith Ave

      CONVENIENCE STORE • 5,184 SF
      1900 Smith Ave, Crawfordsville, IN 47933-1078
      View Details
    • Value Estimation
      $305,000
      3,085 SF

      801 Washington St

      CONVENIENCE STORE • 3,085 SF
      801 Washington St, Crawfordsville, IN 47933-3546
      View Details
    • Value Estimation
      $275,000
      3,384 SF

      4483 625th E

      CONVENIENCE STORE • 3,384 SF
      4483 625th E, Crawfordsville, IN 47933-9763
      View Details
    • Value Estimation
      $370,000
      4,951 SF

      300 Washington St

      CONVENIENCE STORE • 4,951 SF
      300 Washington St, Crawfordsville, IN 47933-2848
      View Details
    • Value Estimation
      $280,000
      1,025 SF

      453 Es Blvd

      CONVENIENCE STORE • 1,025 SF
      453 Es Blvd, Crawfordsville, IN 47933-3763
      View Details
    • Value Estimation
      $235,000
      2,208 SF

      683 600th S

      CONVENIENCE STORE • 2,208 SF
      683 600th S, Crawfordsville, IN 47933-6704
      View Details

    Similar Nearby for Sale

    • $1,325,000

      Downtown Crawfordsville Commercial Property

      Commercial building with offices, event space, and private parking.
      221 N Green St, Crawfordsville, IN 47933
      View Details
    • $199,000
      1,462 SF

      Well-Maintained Condo in 55+ Community

      Move-in ready condo with upgrades in a desirable 55+ community.
      1501 Eastfield Dr, Crawfordsville, IN 47933
      View Details
    • $500,000

      Crawfordsville Land Near Government Center

      4-acre commercial land near Montgomery County Government Center.
      00 Constitution Row, Crawfordsville, IN 47933
      View Details
    • $299,900
      3.73 Acres

      Prime Crawfordsville Commercial Land

      3.73-acre corner lot, B-3 zoning.
      0 Corey Blvd, Crawfordsville, IN 47933
      View Details
    • $947,700

      52 Acres Tillable Land

      52 acres of tillable land with development potential.
      W State Road 32, Crawfordsville, IN 47933
      View Details
    • Contact for pricing
      0.34 Acres

      Lake Holiday Residential Lots

      Two wooded residential lots near Lake Holiday in Crawfordsville, Indiana.
      Tbd Huron Cir, Crawfordsville, IN 47933
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,200 SF

      Retail Space Near State Road

      Retail space available in Crawfordsville near Darlington Avenue.
      1408 Darlington Ave, Crawfordsville, IN 47933
      View Details
    • $35 SF/Yr
      1,650 SF

      Retail Space on Lafayette Avenue

      Retail space for rent with customizable floor plans.
      2600 Lafayette Rd, Crawfordsville, IN 47933
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space Near Walmart

      2,160 SF retail space in Crawfordsville, Indiana.
      1877 S Us Highway 231, Crawfordsville, IN 47933
      View Details
    • $216 SF/Yr
      2,500 SF

      Walnut Street Restaurant Opportunity

      Established Restaurant, Turnkey Operation
      211 Walnut St, Crawfordsville, IN 47933
      View Details
    • Contact for pricing
      20,460 SF

      Crawfordsville Retail Space Available

      Prime Retail Space, Walmart-Anchored Center
      1877 Us Highway 231, Crawfordsville, IN 47933
      View Details
    • $6 SF/Yr
      26,989 SF

      Crawfordsville Shopping Center Retail Space

      Retail spaces available in high-visibility shopping center near Indianapolis.
      1440 Darlington Ave, Crawfordsville, IN 47933
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1529 State Rd 32
    Crawfordsville, IN 47933-9196
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.