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Financial
Distress signals
Property profile

2005 State St New Albany, IN 47150

OFF-MARKET
Turn key restaurants
Property ID
US31-1433940
3,826 SF 0.37 ac lot Built 1994
Last sale Dec 2016 · $20,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A vacant commercial land parcel is located on State Street in New Albany, positioned within a retail corridor that includes national retailers, restaurants, banking services, and surrounding residential growth. The site has frontage on State Street and provides convenient access to I-64 and the Louisville area. The property is suitable for build-to-suit development and is described as having potential for retail, office, restaurant, medical, and service-related uses, subject to applicable approvals and governing lease or regulatory requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$245k
Assessed land$80k
Assessed improvement$165k
Effective rate2.90%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$255k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFLOYD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.2
Law Firm21.0
Spa & Massage14.9

Location

2005 State St New Albany, IN 47150-4921
County assessor Recorded deeds · 7 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3030 Grant Line, New Albany, IN 47150-2454 $1,200,000 Apr 2024 5,436 SF
6110 Grant Line, New Albany, IN 47150 $245,000 Aug 2022 2,664 SF
610 Spg, New Albany, IN 47150-2924 $241,000 Feb 2022 3,434 SF
2870 Technology, New Albany, IN 47150-8550 $525,000 Jun 2021 3,970 SF
1004 Market, New Albany, IN 47150-2981 $225,000 May 2021 2,612 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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