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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office Spaces
3101 Canterbury Ct, Bloomington, IN 47404-1500
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3112349
Property summary
AI-generated overview
This exceptional investment opportunity presents a 9,960 square foot retail building situated on a 0.97-acre lot in Bloomington, Indiana. The property, built in 1977 and extensively renovated in 2017, boasts a 100% occupancy rate with a single tenant under a modified net lease with a remaining term of one year, expiring November 30, 2025. The lease commenced November 30, 2017, and includes lease options. The property features 25 parking spaces and is zoned GB. The asking price is $1,050,000, representing a compelling price per square foot of $105.42 and a 7.95% cap rate. This Class B, single-story building serves as a convenience store and daycare/nursery. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an attractive investment for owner-users seeking a stable, high-yield return. The property's APN is 53-05-20-300-039.002-004. This is a for-sale-by-owner opportunity.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1977
Construction
WOOD
Total area
9,960 SF
Lot
0.97 ac (42,253 SF)
APN
53-05-20-300-039.001-004
UPID
US31-3112349
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
$969k
Blend (final)
Blend
$775k
Owner & transaction history
Ams Properties LLC · 1 yrs held
Ams Properties LLC
since 2025
6 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 Bloomington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomington 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)
$1,175,000
Current use
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$78 / 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
$4,465
Tax year 2023
Assessed value
$593,200
Assessed 2023
Previous assessed
$593,200
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$126,100
Assessed improvement
$467,100
Land market value
$126,100
Improvement market value
$467,100
Total market value
$593,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,960 SF
Lot
0.97 ac (42,253 SF)
APN
53-05-20-300-039.001-004
UPID
US31-3112349
Jurisdiction
MONROE
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
$1.2M
COMMERCIAL (GENERAL) Current
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Ams Properties LLC
Entity
Mailing address
12062 W COUNTY RD 325TH N, NORMAN, IN 47264-9770
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Ams Properties LLC
—
Deed
related
$358,500 · Indiana University Cu
Feb 17, 2025
—
Ams Properties LLC
Westbury Properties LLC
Warranty Deed
$107,377 · Indiana University Cu
Dec 16, 2024
—
Little Star Center INC
Westbury Properties LLC
Deed
—
Feb 8, 2021
—
Westbury Properties LLC
Cockerham Properties LLC
Warranty Deed
—
Nov 7, 2018
—
Cockerham Properties LLC
—
Deed
related
$350,000 · The Peoples State Bank
Aug 22, 2014
—
Westbury Properties LLC
Bishop & Nice LLC
Warranty Deed
$1,650,000 · The Peoples State Bank
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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