Property profile

280 Cherry St Westfield, IN 46074

OFF-MARKET
Commercial real estate
Property ID
US31-0712915
2,320 SF 1.1 ac lot Built 1990
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Construction WOOD
Total area 2,320 SF
Lot 1.1 ac (47,916 SF)
APN 29-10-06-102-020.000-015
UPID US31-0712915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

280 Cherry St Westfield, IN 46074-8932
Westfield metro Census 110401 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
$813k
Blend (final) Blend
$915k

Owner & transaction history

since 2022
Last sale
$723,000
2 recorded transactions
2022
$723,000
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.0M +37.1%
Retail stores $770,000 +4.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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