New search
Property profile & analytics
FOR SALE
Assisted living facilities
1817 S Park Ave, Alexandria, IN 46001
Entity Owned
Free & Clear
Property ID
US31-0864252
For Sale
1 / 11
$299,000
1817 S Park Ave, Alexandria, IN 46001
View Listing →
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1971
Construction
WOOD
Total area
29,115 SF
Lot
4.48 ac (195,062 SF)
APN
48-06-30-200-031.000-022
UPID
US31-0864252
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Next Investments LLC
Next Investments LLC
since 2025
Last sale
$80,000
7 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 Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria 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
$5,227
Tax year 2023
Assessed value
$208,600
Assessed 2023
Previous assessed
$208,600
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$73,200
Assessed improvement
$135,400
Land market value
$73,200
Improvement market value
$135,400
Total market value
$208,600
Applied tax rate
17.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
For Sale
Year built
1971
Construction
WOOD
Heating
NONE
Stories
1
Total area
29,115 SF
Lot
4.48 ac (195,062 SF)
APN
48-06-30-200-031.000-022
UPID
US31-0864252
Jurisdiction
MADISON
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
1971
Construction
WOOD
Heating
NONE
Stories
1
Lot
4.48 ac
Current owner
From public records · entity-resolved
Next Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15219 COLUMBUS SQ, TUSTIN, CA 92782-1749
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
Next Investments LLC
Yuxin Yuan
Quitclaim Deed
related
—
Aug 24, 2021
$80,000
Yuxin Yuan
Astor Apartments LLC
Warranty Deed
—
Nov 13, 2019
$13,000
Astor Apartments LLC
Madison County Auditor
Public Action
related
—
Jun 26, 2014
—
Jim F Peters
Alexandria City Dept Redevelop
Quit Claim Deed
related
—
Jan 9, 2013
—
City Of Alexandria
Jim F Peters
Quit Claim Deed
related
—
May 16, 2007
—
Jim F Peters
Madison Comunity Bank NA
Warranty Deed
—
Nov 14, 2005
—
Madison Community Bank NA
Bmmt Managment LLC
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
