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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Strip malls
3302 State Rd 32 Westfield, IN 46074-8732
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0552638
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Construction
WOOD
Total area
27,996 SF
Lot
4.16 ac (181,210 SF)
APN
29-06-32-000-025.002-015
UPID
US31-0552638
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
$1.76M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.31M
Owner & transaction history
Kennmar Grassy Branch LLC · 1 yrs held
Kennmar Grassy Branch LLC
since 2024
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,760,000
7%
$1,635,000
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$47 / 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
$105,538
Tax year 2023
Assessed value
$4,431,600
Assessed 2023
Previous assessed
$4,431,600
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$949,800
Assessed improvement
$3,481,800
Land market value
$949,800
Improvement market value
$3,481,800
Total market value
$4,431,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
27,996 SF
Lot
4.16 ac (181,210 SF)
APN
29-06-32-000-025.002-015
UPID
US31-0552638
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
2020
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
4.16 ac
Current owner
From public records · entity-resolved
Kennmar Grassy Branch LLC
Entity
Mailing address
PO BOX 40243, INDIANAPOLIS, IN 46240-0243
Ownership since
2024
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
Nov 21, 2024
—
Kennmar Grassy Branch LLC
Grassy Branch Partners LLC
Quitclaim Deed
related
—
Mar 5, 2020
—
Grassy Branch Partners LLC
—
Deed
related
$3,129,582 · First Federal Savings Bank
Jan 23, 2019
—
Grassy Branch Partners LLC
City Of Westfield
Quit Claim Deed
related
—
Oct 15, 2018
—
Grassy Branch Partners LLC
—
Trustees Deed
related
$900,000 · First Fed'l Svgs Bk
Sep 28, 2017
—
Grassy Branch Partners LLC
James D Hutson
Special Warranty Deed
$2,850,000 · Wst Partners LP
Jun 5, 2015
—
Hutson Ptshp
Hutson Ptshp
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.
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