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Property profile & analytics
OFF-MARKET
Retail space
212 Pearl St New Albany, IN 47150-3416
Individually Owned
Free & Clear
Property ID
US31-1374652
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
TYPE NOT SPECIFIED
Total area
6,114 SF
Lot
0.15 ac (6,621 SF)
APN
22-05-00-200-194.000-008
UPID
US31-1374652
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
Current use
Occupant on record · Public records
-
812 Vintage (Bike/Boat/Book/etc) Store
-
Alex and Kate Clothing Store
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
Bass Robert
Bass Robert
since 2026
Last sale
$380,000
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
$4,437
Tax year 2023
Assessed value
$153,100
Assessed 2023
Previous assessed
$153,100
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$40,400
Assessed improvement
$112,700
Land market value
$40,400
Improvement market value
$112,700
Total market value
$153,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1919
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
6,114 SF
Lot
0.15 ac (6,621 SF)
APN
22-05-00-200-194.000-008
UPID
US31-1374652
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
1919
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bass Robert
Individual
Free & Clear · 0 yrs held
Mailing address
10037 WIND HL DR, GREENVILLE, IN 47124-9676
Ownership since
2026
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
May 8, 2026
—
Samfam LLC
—
Deed
related
—
Apr 30, 2026
—
Bass Robert
212-216 Pearl LLC
Quitclaim Deed
—
Feb 25, 2025
—
212-216 Pearl LLC
—
Deed
related
$150,803 · Meade County Bank
Nov 28, 2023
—
212 216 Pearl LLC
—
Deed
related
$52,594 · Meade County Bank
Aug 20, 2020
—
212-216 Pearl LLC
—
Deed
related
$340,357 · Meade County Bank
Feb 13, 2020
$380,000
212-216 Pearl LLC
Pat & Esther Higdon Estate LLC
Warranty Deed
$391,972 · Meade County Bank
Jun 24, 2016
—
Pat & Esther Estate LLC
Patrick B Higdon
Quit Claim Deed
related
—
Nov 10, 2010
—
Special Needs Trust Fbo Patrick B H
Higdon Family Revocable Trust
Trustees Deed
related
—
Jun 4, 2008
—
Brian R Higdon
Patrick B Higdon
Quit Claim Deed
related
—
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.
Try Rey
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