Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
320 Main St Westfield, IN 46074-9493
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0460808
Property summary
AI-generated overview
This exceptional commercial property, Cherry Street Plaza, located at 320 E Main St, Westfield, IN 46074, offers a prime opportunity. The 12,000 square foot, two-story Class B building boasts six suites, with 1,000 square feet currently vacant and an additional 1,000 square feet available March 2025. The minimum divisible space is 2,000 square feet, ideal for a variety of businesses. The building underwent renovations in 2023. Amenities include 40 parking spaces, one elevator, and convenient access from the front, rear, and side. The interior layout is flexible, currently featuring five offices, reception areas, two restrooms, and ample storage. The property is zoned LB-H and its Hamilton County location places it steps from Grand Junction Plaza and numerous restaurants, perfectly situated within Westfield's vibrant city center. The property's APN is 09-06-31-03-04-019.000. This versatile space is perfect for medical, executive, or traditional office uses, as well as retail.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
WOOD
Total area
10,850 SF
Lot
0.59 ac (25,700 SF)
APN
29-06-31-304-019.000-015
UPID
US31-0460808
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
-
Andrew Malloy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Stellhorn Holdings Bozeman LLC · 5 yrs held
Stellhorn Holdings Bozeman LLC
since 2020
Last sale
$860,000
4 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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$1,460,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $860k (Oct 23 2020)
Last sale anchor
$860k
Oct 23 2020
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
$108 / 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
$25,854
Tax year 2023
Assessed value
$1,107,100
Assessed 2023
Previous assessed
$1,107,100
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$167,600
Assessed improvement
$939,500
Land market value
$167,600
Improvement market value
$939,500
Total market value
$1,107,100
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
9
Bathrooms
1
Total area
10,850 SF
Lot
0.59 ac (25,700 SF)
APN
29-06-31-304-019.000-015
UPID
US31-0460808
Jurisdiction
HAMILTON
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
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Stellhorn Holdings Bozeman LLC
Entity
Free & Clear · 5 yrs held
Mailing address
705 E MAIN ST, WESTFIELD, IN 46074-9440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
$860,000
Stellhorn Holdings Bozeman LLC
Cherry Street Plaza LLC
Grant Deed
—
Dec 30, 2009
—
Cherry Street Plaza LLC
Charter One
Grant Deed
—
Jun 8, 2009
—
One Charter
Periwinkle Place LLC
Grant Deed
—
Oct 10, 2007
—
Periwinkle Place LLC
Pearson,larry J & Lucinda R
Quit Claim 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 320 Main 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.
