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Property profile & analytics
OFF-MARKET
Restaurants
203 Spg St Odon, IN 47562-1315
Individually Owned
Absentee Owner
Free & Clear
Property ID
US31-1800681
Property summary
AI-generated overview
This undeveloped 0.32-acre property in Odon, Daviess County, Indiana, offers opportunities for residential construction or commercial development. It features 60 feet of road frontage on N. Spring St. A sewer line is available on the property, and all utilities, including RTC Fiber, are buried. The location is approximately 10 minutes from Crane NSWC and is situated across the street from a Casey's gas station and Odon Optical. The citizens of Odon may welcome a pizza restaurant at this location. An adjacent 0.53-acre property at 201 N. Spring St is also available.
Property profile
Verified
Property type
Restaurants
Use group
COMMERCIAL (GENERAL)
Year built
1916
Construction
WOOD
Total area
7,041 SF
Lot
0.17 ac (7,380 SF)
APN
14-01-29-201-098.000-009
UPID
US31-1800681
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
HARLAN P MASON
HARLAN P MASON
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 Odon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odon 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
$838
Tax year 2023
Assessed value
$39,400
Assessed 2023
Previous assessed
$39,400
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$4,300
Assessed improvement
$35,100
Land market value
$4,300
Improvement market value
$35,100
Total market value
$39,400
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Restaurants
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,041 SF
Lot
0.17 ac (7,380 SF)
APN
14-01-29-201-098.000-009
UPID
US31-1800681
Jurisdiction
DAVIESS
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
1916
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
HARLAN P MASON
Individual
Free & Clear · 0 yrs held
Mailing address
101 N JOHN POINDEXTER ST, ODON, IN 47562-1407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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