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Property profile & analytics
OFF-MARKET
Office Spaces
221 Main St Greenwood, IN 46142-3129
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-1206034
Property summary
AI-generated overview
This exceptional 2,660 square foot retail property is ideally situated on Main Street in the vibrant heart of Greenwood, Indiana's downtown area. Boasting excellent visibility and exposure, this building underwent a complete renovation in 2020, including a facade upgrade funded by a grant. The interior features exposed brick walls, a new roof, modern industrial HVAC ductwork, stylish vinyl plank flooring, new carpeting, and energy-efficient new windows. Upstairs, a newly remodeled kitchen and bathroom (complete with shower) offer versatile space. A large wooden rear deck adds outdoor appeal. The property is part of the Greenwood Waterfront District, a highly desirable location. Convenient parking is available within 200 feet. Currently housing a thriving coffee shop, the ground floor space benefits from a waterfront district liquor license that conveys with the sale. The upstairs area presents a unique opportunity
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Construction
WOOD
Total area
2,660 SF
Lot
0.05 ac (2,309 SF)
APN
41-02-32-042-019.000-026
UPID
US31-1206034
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
-
Fresh Pots Coffee Bar Cafe & Coffee Shop
-
American Construction & Excavating, LLC Construction Company General Contractor
-
Old Town Caffeinery Specialty Food Shop (Bike/Boat/Book/etc) 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
Sweet Home Property Management LLC · 1 yrs held
Sweet Home Property Management LLC
since 2025
3 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 Greenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwood 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
$8,375
Tax year 2023
Assessed value
$455,100
Assessed 2023
Previous assessed
$455,100
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$44,500
Assessed improvement
$410,600
Land market value
$44,500
Improvement market value
$410,600
Total market value
$455,100
Applied tax rate
26.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Stories
2
Total area
2,660 SF
Lot
0.05 ac (2,309 SF)
APN
41-02-32-042-019.000-026
UPID
US31-1206034
Jurisdiction
JOHNSON
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
1940
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Sweet Home Property Management LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 880, CLOVERDALE, IN 46120-0880
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Sweet Home Property Management LLC
Greenwood Main Street Partners LLC
Warranty Deed
—
Mar 18, 2020
$215,000
Greenwood Main Street Partners LLC
Jsneed LLC
Warranty Deed
—
Oct 6, 2017
—
Jsneed LLC
J B Sneed
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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