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Property profile & analytics
OFF-MARKET
Medical Office Space
1700 Smith Vly Rd Greenwood, IN 46142-1599
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-1172568
Property summary
AI-generated overview
This Greenwood, Indiana office building at 1700 W Smith Valley Rd (Smith Valley Road and State Road 135) offers two available suites totaling 6,524 square feet. The building, constructed in 1995, is a Class B, two-story structure with multiple tenants and CM zoning. Currently, two suites are available for lease, ranging from 418 to 1,336 square feet. One option, located on the lower level (no elevator access), offers a tranquil setting with five private offices, ideal for focused work. This space can be subdivided to suit various needs, ranging from 127 to 1463 square feet. The property's prime location at the busy intersection of State Road 135 and Smith Valley Road in the Center Grove business area provides excellent visibility and accessibility. The building is categorized as both Traditional Office and Medical Office space, making it suitable for a variety of businesses. The zip code is 46142.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
WOOD
Total area
6,940 SF
Lot
0.38 ac (16,727 SF)
APN
41-03-36-033-051.000-041
UPID
US31-1172568
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
-
Michelle Luallen Foster Care Service Social Service Agency
-
Serenity Counseling, Coaching, and Consulting LLC Counselor Mental Health Service
-
Sullivan Law Office | Oxford | Home Law Firm
-
Lambert Orthodontics Dental Office
-
Prime Lending Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
La Properties LLC · 9 yrs held
La Properties LLC
since 2017
3 recorded transactions
Zoning & alternative use
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 Greenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwood 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,033
Tax year 2023
Assessed value
$463,200
Assessed 2023
Previous assessed
$463,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$159,400
Assessed improvement
$303,800
Land market value
$159,400
Improvement market value
$303,800
Total market value
$463,200
Applied tax rate
41.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,940 SF
Lot
0.38 ac (16,727 SF)
APN
41-03-36-033-051.000-041
UPID
US31-1172568
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
La Properties LLC
Entity
Mailing address
1700 W SMITH VLY RD STE B1, GREENWOOD, IN 46142-1589
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Feb 8, 2017
—
La Properties LLC
Christy Hardin Partners LLC
Warranty Deed
$606,500 · Wells Fargo Bank NA
Aug 19, 2015
$308,000
Christy Hardin Partners LLC
Bradley Sherwood
Sheriffs Deed
related
—
Aug 17, 2005
—
Bradley Sherwood
Christy Management LLC
Warranty Deed
$740,000 · Lincoln Bank
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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