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Property profile

25 W 9Th St Lapel, IN 46051

FOR SALE
Retail space
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Property ID
US31-3218416
472 SF 0.15 ac Built 1940
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
25 W 9Th St, Lapel, IN 46051 For Sale 1 / 20
$124,900 472 SF
25 W 9Th St, Lapel, IN 46051
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$609
Tax billed · 2023
Assessed value$21k
Assessed land$4k
Assessed improvement$17k
Effective rate2.90%

Value estimate

· Nov 2026
$55k
$50k – $61k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$708
Operating expenses−$2k
NOI · 3.57% cap applied$4k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$59/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$12 – $84

Cap rate analysis

How does the asset earn?
3.57%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.5
Realty agency11.1
Dental Office10.9

Location

25 W 9Th St Lapel, IN 46051
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1700 Main, Lapel, IN 46051-9670 $104,778 Jun 2025 2,869 SF
2799 State Rd 13, Lapel, IN 46051-9659 $990,000 Sep 2020 3,360 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $70,000
    566 SF
    201 Pendleton Ave
    RETAIL STORES (PERSONAL SERVICES)
    201 Pendleton Ave, Lapel, IN 46051-5546
    View Details
  • Value Estimation
    $110,000
    936 SF
    914 Main St
    RETAIL STORES (PERSONAL SERVICES)
    914 Main St, Lapel, IN 46051-5537
    View Details
  • Value Estimation
    $135,000
    963 SF
    901 Main St
    RETAIL STORES (PERSONAL SERVICES)
    901 Main St, Lapel, IN 46051
    View Details
  • Value Estimation
    $170,000
    1,125 SF
    732 8th St
    RETAIL STORES (PERSONAL SERVICES)
    732 8th St, Lapel, IN 46051
    View Details
  • Value Estimation
    $220,000
    1,416 SF
    Lapel, IN 46051
    RETAIL STORES (PERSONAL SERVICES)
    Lapel, IN 46051
    View Details
  • Value Estimation
    $115,000
    1,560 SF
    32 Sr
    RETAIL STORES (PERSONAL SERVICES)
    32 Sr, Lapel, IN 46051
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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