Technical
Financial
Distress signals
Property profile

205 Morgan St Spencer, IN 47460

OFF-MARKET
Office Spaces
Property ID
US31-2237903
6,480 SF 0.29 ac lot Built 1997
Individually Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1997
Construction WOOD
Total area 6,480 SF
Lot 0.29 ac (12,807 SF)
APN 60-10-20-400-400.410-028
UPID US31-2237903

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
  • Insurance Agency
  • Business Service Center Employment Agency
  • Social Service Agency Charitable Organization

Location

205 Morgan St Spencer, IN 47460-1452
Spencer metro Census 955800 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2011
4 recorded transactions
2022
Price N/A
2017
Price N/A
2011
Price N/A
2011
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $700,000 +39.0%
Retail stores $575,000 +14.9%

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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