Back to Search
Property profile & analytics
OFF-MARKET
Commercial land
3 State St North Vernon, IN 47265
Entity Owned
Free & Clear
Property ID
US31-0458546
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.62 ac (114,214 SF)
APN
40-09-28-300-037.002-004
UPID
US31-0458546
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
by Request
Owner & transaction history
Sjs Investment Holdings LLC
Sjs Investment Holdings LLC
since 2025
Last sale
$69,000
7 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 North Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Vernon 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
$831
Tax year 2023
Assessed value
$27,700
Assessed 2023
Previous assessed
$27,700
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$27,700
Land market value
$27,700
Total market value
$27,700
Applied tax rate
4.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.62 ac (114,214 SF)
APN
40-09-28-300-037.002-004
UPID
US31-0458546
Jurisdiction
JENNINGS
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
Heating
NONE
Lot
2.62 ac
Current owner
From public records · entity-resolved
Sjs Investment Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2195 N STATE HWY 3RD 3, NORTH VERNON, IN 47265-7486
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
38 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Sjs Investment Holdings LLC
John R Seifert
Quitclaim Deed
related
—
Dec 3, 2025
—
Eugene Owen Brown
Wilma G Gearries
Quitclaim Deed
related
—
Oct 16, 2025
—
Bj Bingham
David Otting
Warranty Deed
—
Oct 16, 2025
$965,000
Bingham Family LLC
David Otting
Warranty Deed
—
Aug 1, 2025
—
Corya Family LLC
Karen A Corya Revocable Living Trus
Deed
related
—
Jun 23, 2025
—
Joint Rev Tr Of Keith Owen Stearns
Larry Kleinhenz
Warranty Deed
—
Feb 19, 2025
—
The Sharon K Tutterow Irlt
Sharon K Tutterow
Deed
related
—
Oct 4, 2024
—
Britt A Burgmeier
Brenda Dixon
Deed
—
Jul 25, 2024
$258,740
David A Wilkerson
Charles L St. John
Warranty Deed
—
May 21, 2024
—
Hoosier Energy Rural Electric Coop
David A Wilkerson
Warranty Deed
—
Apr 24, 2024
—
Bill Bingham
—
Deed
related
$10,772,000 · Farm Credit Mid America Pca
Oct 18, 2023
$425,000
Larry Kleinhenz
Frances Ruth Mcintire
Warranty Deed
—
Jun 26, 2023
—
North Vernon First Church Of Nazare
Sollman Holdings Co
Warranty Deed
—
Jun 26, 2023
$69,000
North Vernon First Church Of Nazare
Sollman Holdings Co
Warranty Deed
—
Apr 14, 2023
—
Bill Bingham
—
Deed
related
$1,500,000 · Farm Credit Mid America Pca
Jan 19, 2023
$285,000
North Vernon Land LLC
Tristar Ventures LLC
Warranty Deed
—
Jul 6, 2022
—
Bill Bingham
—
Deed
related
$2,000,000 · Farm Credit Mid America Pca
May 9, 2022
—
John Lee Staublin
North Vernon Redevelopment Commissi
Warranty Deed
—
Jan 21, 2022
—
North Vernon Redevelopment Commissi
David D Woodall
Warranty Deed
—
Jan 19, 2022
$2,050,000
Joule Realty Partners LLC
Lee Hena
Deed
—
Jan 12, 2022
—
Bill Bingham
—
Deed
related
$400,000 · Farm Credit Mid America Flca
Aug 17, 2021
—
Streamline Properties LLC
—
Deed
related
$177,164 · Martin Goldsmith
Jul 30, 2021
—
Streamline Properties LLC
Historic Landmarks Foundation Of In
Special Warranty Deed
—
Apr 7, 2021
—
David B Knight
Shrey Ann Lucas
Warranty Deed
—
Mar 12, 2021
—
Rudolph C Lee
Rudolph C Lee
Deed
related
—
Nov 23, 2020
—
Rudolph Charles Lee
Sc H North Vernon 1291 LLC
Special Warranty Deed
$1,025,000 · First Technology Federal Cu
Jun 19, 2020
—
Christopher L Mclntire
Frances R Mclntire
Deed
related
—
Mar 12, 2020
—
Michael E & Linda L Biehle Prop Mgm
John Ira Vance
Warranty Deed
—
Sep 19, 2019
—
Shirley Ann Lucas
Donald E Thomas
Warranty Deed
$188,000 · The Friendship State Bank
Jul 24, 2019
—
The Estate Of Gladys Jean Thomas
Shirley Ann Lucas
Warranty Deed
—
Jun 12, 2019
—
John R Seifert
—
Deed
related
$1,308,000 · Farm Credit Mid America Flca
May 1, 2019
—
Sc H North Vernon 1291 LLC
—
Deed
related
$1,250,772 · Communitybank Of Texas NA
Apr 25, 2019
—
Sc H North Vernon 1291 LLC
Groub II LLC
Special Warranty Deed
—
Mar 28, 2019
—
Eric Kayle Whitaker
Eric K Whitaker
Deed
related
$54,375 · Farm Credit Mid America Flca
Sep 18, 2018
—
David Otting
Offing Enterprises LLC
Warranty Deed
$998,674 · Farm Credit Mid America Flca
Sep 14, 2018
—
George E Corya
—
Deed
related
$14,000,000 · Metropolitan Life Insurance Co
May 3, 2018
—
St John Family Farm LLC
Jerry W St. John
Deed
related
—
Nov 9, 2016
—
Cindy Gearries
Louis C Gearries JR
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
