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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
322 Lebanon St Lebanon, IN 46052-2113
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1786043
Property summary
AI-generated overview
This 7,048 square foot retail strip center, located at 322 S Lebanon Street in Lebanon, Indiana (zip code 46052), presents a unique leasing opportunity. The property boasts a prominent location on the southwest corner of S Lebanon Street and W South Street, ensuring excellent visibility and accessibility. Currently, 5,548 square feet of space is available for lease, ideal for a variety of retail businesses. The building benefits from ample on-site parking, with over 10 spaces available. Situated in a well-established area near the heart of Lebanon's business district, this property offers a strong foundation for growth and success. Its long-standing presence in the community provides established brand recognition and excellent signage opportunities. The property's history as a retail staple in Lebanon makes it an attractive option for businesses seeking a location with inherent community engagement. This is an exceptional chance to establish or expand a business in a thriving Indiana community. The property is easily accessible and offers a high-traffic location, making it an ideal choice for businesses seeking maximum exposure.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
WOOD
Total area
7,005 SF
Lot
1.4 ac (60,984 SF)
Zoning code
ZO01
APN
06-10-36-000-013.039-002
UPID
US31-1786043
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
-
3 agaves premium mexican restaurant & bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$705k
Owner & transaction history
John C Susong · 12 yrs held
John C Susong
since 2013
1 recorded transaction
Zoning & alternative use
ZO01 · Lebanon, IN
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$101 / 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
$14,947
Tax year 2023
Assessed value
$722,900
Assessed 2023
Previous assessed
$722,900
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$89,200
Assessed improvement
$633,700
Land market value
$89,200
Improvement market value
$633,700
Total market value
$722,900
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
2001
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,005 SF
Lot
1.4 ac (60,984 SF)
Zoning code
ZO01
APN
06-10-36-000-013.039-002
UPID
US31-1786043
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Lebanon, IN
Zoning ZO01 · permitted uses
ZO01 · Lebanon, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
John C Susong
Individual
Free & Clear · 12 yrs held
Mailing address
2701 W LAWRENCE AVE STE A, SPRINGFIELD, IL 62704-7215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Oct 3, 2013
—
John C Susong
Pennymac Corp
Special 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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