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Property profile & analytics
FOR LEASE
Retail space
3417 Grant Line Rd New Albany, IN 47150
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-1706014
For Lease
1 / 5
$12 SF/Yr
3417 Grant Line Rd, New Albany, IN 47150
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
1,641 SF
Lot
4.86 ac (211,484 SF)
APN
22-05-02-300-116.000-008
UPID
US31-1706014
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
-
Bob Bitner - State Farm Insurance Agent Insurance Agency
-
Discount Tobacco Shop (Bike/Boat/Book/etc) Store
-
Grace Station Thrift Shoppe Discount Store
-
Grant Line Center Business Service Center Corporate Office
-
Floyd County GOP Advocacy Group Volunteer Organization
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
Jbip III LLC
Jbip III LLC
since 2025
Last sale
$49,000
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$18,624
Tax year 2023
Assessed value
$846,000
Assessed 2023
Previous assessed
$846,000
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$456,200
Assessed improvement
$389,800
Land market value
$456,200
Improvement market value
$389,800
Total market value
$846,000
Applied tax rate
8.0000
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
For Lease
Year built
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
3
Stories
1
Total area
1,641 SF
Lot
4.86 ac (211,484 SF)
APN
22-05-02-300-116.000-008
UPID
US31-1706014
Jurisdiction
FLOYD
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
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
3
Lot
4.86 ac
Current owner
From public records · entity-resolved
Jbip III LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1444 HORN ST, CLARKSVILLE, IN 47129-7743
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Jbip I LLC
—
Deed
related
$18,084,097 · Stock Yards Bank & Trust Co
Jan 15, 2026
—
Jbip III LLC
—
Deed
related
$7,067,497 · Stock Yards Bank & Trust Co
Dec 23, 2025
—
Jbip III LLC
Jvb Investments LLC
Quitclaim Deed
related
—
Jul 24, 2025
—
Jb Nvgt LLC
Ballew Gift Trust
Deed
related
—
May 9, 2025
—
Jvb Investments LLC
Jesse Ballew Nevada Gift Trust LLC
Quitclaim Deed
related
—
Apr 24, 2025
—
Ballew Nevada Trust LLC
Ballew Gift Trust
Quitclaim Deed
related
—
Jan 26, 2009
$49,000
State Of Indiana
Jesse Ballew
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.
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?”
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