Property profile

1921 Spencer Ave Marion, IN 46952

OFF-MARKET
Office Spaces
Property ID
US31-1777923
9,934 SF 7.09 ac lot Built 1975
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 9,934 SF
Lot 7.09 ac (308,884 SF)
APN 27-06-01-204-032.000-008
UPID US31-1777923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church Mosque

Location

1921 Spencer Ave Marion, IN 46952-3208
Marion metro Census 600 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$829k
Blend (final) Blend
$790k

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2010
$74,000
2010
$145,415

Zoning & alternative use

Top alternative use upside
Restaurant $945,000 +77.1%
Apartment house (5+ units) $945,000 +76.9%
Auto repair, garage $765,000 +43.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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