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Property profile & analytics
OFF-MARKET
Medical Office Space
2652 Charlestown Rd New Albany, IN 47150-2538
Entity Owned
10-yr Hold
Free & Clear
Property ID
US31-2203985
Property summary
AI-generated overview
This exceptional free-standing medical office building in New Albany, Indiana, presents a unique investment opportunity. Spanning 4,361 square feet on a 0.7-acre lot (APN 22-05-04-300-286.000-008), this Class B building, constructed in 2000 and situated at 2652 Charlestown Rd, 47150, boasts a desirable location with easy access and ample parking. Currently owner-occupied, the property offers flexibility; it can be purchased vacant or with a long-term lease. The building features an efficient layout and numerous nearby amenities. Recent upgrades include a new roof and HVAC systems installed within the last two years. A substantial basement provides ample storage space, and prominent road signage ensures high visibility. The asking price is $650,000 ($149.05/sq ft), and the property is zoned MC. This well-maintained building represents a strong investment in a thriving market. The property is ideal for medical practices or other professional businesses seeking a turnkey solution.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
WOOD
Total area
5,635 SF
Lot
0.7 ac (30,492 SF)
APN
22-05-04-300-286.000-008
UPID
US31-2203985
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
-
Rasmussen Chiropractic LLC Alternative Medicine Practice
-
Christopher Rasmussen Alternative Medicine Practice
-
Douglas Breger Alternative Medicine Practice
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
Rasmussen Real Est Holding Co · 10 yrs held
Rasmussen Real Est Holding Co
since 2016
1 recorded transaction
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
$10,364
Tax year 2023
Assessed value
$357,600
Assessed 2023
Previous assessed
$357,600
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$117,800
Assessed improvement
$239,800
Land market value
$117,800
Improvement market value
$239,800
Total market value
$357,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Stories
2
Total area
5,635 SF
Lot
0.7 ac (30,492 SF)
APN
22-05-04-300-286.000-008
UPID
US31-2203985
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
2000
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Rasmussen Real Est Holding Co
Entity
Free & Clear · 10 yrs held
Mailing address
2652 CHARLESTOWN RD, NEW ALBANY, IN 47150-2538
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jun 30, 2016
—
Rasmussen Real Est Holding Co
Christopher E Rasmussen
Warranty 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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