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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2005 Grant Line Rd New Albany, IN 47150
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-2046389
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
2,400 SF
Lot
1.37 ac (59,503 SF)
APN
22-05-04-200-042.000-008
UPID
US31-2046389
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
City Of New Albany Department Of Re · 2 yrs held
City Of New Albany Department Of Re
since 2024
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$5,918
Tax year 2023
Assessed value
$204,200
Assessed 2023
Previous assessed
$204,200
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$174,200
Assessed improvement
$30,000
Land market value
$174,200
Improvement market value
$30,000
Total market value
$204,200
Applied tax rate
8.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
2,400 SF
Lot
1.37 ac (59,503 SF)
APN
22-05-04-200-042.000-008
UPID
US31-2046389
Jurisdiction
FLOYD
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
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
City Of New Albany Department Of Re
Entity
Free & Clear · 2 yrs held
Mailing address
142 E MAIN ST, NEW ALBANY, IN 47150-3502
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
—
City Of New Albany Department Of Re
Daisy Properties LLC
Warranty Deed
—
Jan 10, 2018
$15,500
City Of New Albany Indiana
Daisy Properties LLC
Deed
—
Nov 14, 2017
—
City Of New Albany Indiana
Daisy Properties LLC
Deed
—
Aug 23, 2017
—
City Of New Albany
Daisy Properties LLC
Deed
—
Sep 19, 2012
—
Daisy Properties LLC
Heritage Properties LLC
Warranty Deed
—
Oct 14, 2010
—
Heritage Properties LLC
First Federal Savings Bank Of Eliza
Warranty Deed
—
Aug 19, 2010
$187,500
First Fsb
Gary L Mccartin
Sheriffs Deed
related
—
Nov 14, 2005
—
Daisy Lane LLC
Speedway Superamerica LLC
Limited Warranty Deed
$800,000 · First Federal Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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