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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Commercial real estate
265 925th S Haubstadt, IN 47639-7807
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1765726
Property summary
AI-generated overview
This exceptional Class A retail property, located at 265 E 925 S in Haubstadt, Indiana, presents a unique investment opportunity. The 20,960-square-foot property sits on a 2.11-acre lot and is zoned C-1, offering considerable flexibility. Currently operating as "Full Metal Armory," the property includes two buildings: a main structure exceeding 11,000 square feet, featuring retail space and a former archery range, and a lower level with a 10-lane shooting range and ample storage, accessible via elevator or stairs. A newer pole barn provides additional storage or potential for expansion. Extensive renovations were completed in 2020. The asking price is $900,000, translating to $42.94 per square foot. The property's current configuration is ideal for a continuation of the existing business, or it can be easily repurposed for general retail use. All existing inventory and equipment are included in the sale. Showings are by appointment only to accommodate ongoing business operations. This prime location in Haubstadt, Indiana (zip code 47639) offers significant potential for a savvy investor.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Construction
WOOD
Total area
18,560 SF
Lot
2.11 ac (91,912 SF)
APN
26-19-30-400-002.288-025
UPID
US31-1765726
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
$1.06M
Owner & transaction history
Elberfeld State Bank · 6 yrs held
Elberfeld State Bank
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+1.6%
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 Haubstadt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haubstadt 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,705,000
Current use
RETAIL STORES
$1,730,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,480,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
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
$11,964
Tax year 2023
Assessed value
$719,700
Assessed 2023
Previous assessed
$719,700
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$36,400
Assessed improvement
$683,300
Land market value
$36,400
Improvement market value
$683,300
Total market value
$719,700
Applied tax rate
25.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
18,560 SF
Lot
2.11 ac (91,912 SF)
APN
26-19-30-400-002.288-025
UPID
US31-1765726
Jurisdiction
GIBSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
2.11 ac
Current owner
From public records · entity-resolved
Elberfeld State Bank
Entity
Free & Clear · 6 yrs held
Mailing address
3003 BYU CRK RD, EVANSVILLE, IN 47712-9391
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
$725,000
Elberfeld State Bank
Not Provided
Sheriffs 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.
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