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Property profile & analytics
OFF-MARKET
Industrial land
204 Brown St, Mount Vernon, IN 47620-1428
Entity Owned
Property ID
US31-2016678
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1935
Construction
WOOD FRAME
Total area
1,125 SF
Lot
0.08 ac (3,354 SF)
APN
65-27-05-342-005.000-018
UPID
US31-2016678
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
Wj Enterprises LLC
Wj Enterprises LLC
since 2025
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 Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon 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
$126
Tax year 2023
Assessed value
$4,200
Assessed 2023
Previous assessed
$4,200
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$4,200
Land market value
$4,200
Total market value
$4,200
Applied tax rate
9.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1935
Construction
WOOD FRAME
Heating
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
1,125 SF
Lot
0.08 ac (3,354 SF)
APN
65-27-05-342-005.000-018
UPID
US31-2016678
Jurisdiction
POSEY
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
1935
Construction
WOOD FRAME
Heating
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Wj Enterprises LLC
Entity
Mailing address
PO BOX 686, MOUNT VERNON, IN 47620-0686
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Wj Enterprises LLC
Ati INC
Special Warranty Deed
$960,000 · Old National Bank
May 24, 2018
—
Ati INC
City Of Mount Vernon
Quit Claim Deed
related
—
Mar 2, 2018
—
City Of Mount Vernon
Mount Vernon Redevelopment Commissi
Quit Claim Deed
related
—
Nov 3, 2016
—
Mount Vernon Redevelopment Commissi
—
Deed
related
$25,000 · Indiana Housing And Community Developmen
Jul 23, 2014
—
Dennis Hogan
Larry A Horton
Warranty Deed
—
Nov 21, 2013
$150
Larry Horton
Brenda Ketcham
Public Action
related
—
Mar 5, 2013
—
Dennis Hogan
Alan Goff
Quit Claim Deed
related
—
Oct 31, 2011
—
Alan Goff
Elk East LLC
Quit Claim Deed
related
—
Sep 15, 2009
—
Brenda J Ketcham
Joann Briant
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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