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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Grocery and convenience stores
1800 Albany St Beech Grove, IN 46107
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0973620
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1977
Total area
18,340 SF
Lot
0.58 ac (25,178 SF)
Zoning code
ZO01
APN
49-10-29-105-002.000-502
UPID
US31-0973620
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$835k
Owner & transaction history
Spz Enterprises LP · 4 yrs held
Spz Enterprises LP
since 2022
Last sale
$876,750
4 recorded transactions
Zoning & alternative use
ZO01 · Beech Grove, 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 Beech Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beech Grove 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
$695,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,360,000
Current use
COMMERCIAL (GENERAL)
$1,205,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,145,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $877k (Mar 10 2022)
Last sale anchor
$877k
Mar 10 2022
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
$46 / 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
$1,891
Tax year 2023
Assessed value
$49,900
Assessed 2023
Previous assessed
$49,900
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$44,300
Assessed improvement
$5,600
Land market value
$44,300
Improvement market value
$5,600
Total market value
$49,900
Applied tax rate
502.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1977
Heating
NONE
Stories
5
Total area
18,340 SF
Lot
0.58 ac (25,178 SF)
Zoning code
ZO01
APN
49-10-29-105-002.000-502
UPID
US31-0973620
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Beech Grove, IN
Zoning ZO01 · permitted uses
ZO01 · Beech Grove, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beech Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1977
Heating
NONE
Stories
5
Lot
0.58 ac
Current owner
From public records · entity-resolved
Spz Enterprises LP
Entity
Mailing address
5332 N TEMPLE AVE, INDIANAPOLIS, IN 46220-3644
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$876,750
Spz Enterprises LP
Msi Beech Grove Grocery Owners LLC
Special Warranty Deed
—
Feb 28, 2012
—
Msi Beech Grove Grocery Owners
—
Deed Of Trust
related
$6,580,000 · Basis R/e Cap II LLC
Jan 27, 2012
$50,000
Msi Beech Grove Grocery Owners
Marsh Re Property LLC
Grant Deed
—
Aug 9, 2007
—
Marsh Re Property LLC
Mundy Realty LLC
Quit Claim 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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