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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Strip malls
3620 Paoli Pike, Floyds Knobs, IN 47119-9787
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2923175
Property summary
AI-generated overview
Located at 3620 Paoli Pike in Floyds Knobs, Indiana (zip code 47119), the Shoppes at Old Hill offers exceptional retail opportunities. This single-story, 20,388 square foot building sits on a 2.03-acre lot and is zoned COMMERCIAL. Currently, there are two suites available, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 2,975 square feet. A total of 4,475 square feet is currently vacant, presenting a unique chance for businesses seeking immediate occupancy. The property's convenient location in Floyd County, Indiana provides excellent visibility and accessibility for customers. This is an ideal location for businesses seeking a well-maintained, established retail space in a thriving community. The property is easily accessible from Paoli Pike and offers ample parking for customers and employees. Serious inquiries are encouraged to explore this promising retail investment. The property features a single building with multiple suites, providing flexibility for various business needs.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
20,250 SF
Lot
2.04 ac (88,906 SF)
APN
22-04-02-000-001.007-006
UPID
US31-2923175
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$605k
Owner & transaction history
Wind Dance Farm INC · 9 yrs held
Wind Dance Farm INC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$820,000
+32.2%
Medical building
$760,000
+22.8%
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 Floyds Knobs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Floyds Knobs 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
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Current use
WAREHOUSE, STORAGE
$820,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$30 / 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
$19,070
Tax year 2023
Assessed value
$1,070,400
Assessed 2023
Previous assessed
$1,070,400
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$173,500
Assessed improvement
$896,900
Land market value
$173,500
Improvement market value
$896,900
Total market value
$1,070,400
Applied tax rate
6.0000
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
8
Total area
20,250 SF
Lot
2.04 ac (88,906 SF)
APN
22-04-02-000-001.007-006
UPID
US31-2923175
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$820,000
MEDICAL BUILDING
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
8
Lot
2.04 ac
Current owner
From public records · entity-resolved
Wind Dance Farm INC
Entity
Free & Clear · 9 yrs held
Mailing address
10214 WORTHINGTON LN, PROSPECT, KY 40059-8551
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Sep 9, 2016
—
Wind Dance Farm INC
Allied Healthcare LLC
Warranty Deed
—
Sep 6, 2016
—
Wind Dance Farm INC
Alllied Healthcare LLC
Warranty Deed
—
Jun 1, 2015
—
Allied Healthcare PLLC
Republic Bank & Trust Co
Warranty Deed
—
Mar 30, 2012
—
Republic Bank And Trust Company Of
Blue River Development LLC
Deed In Lieu Of Foreclosure
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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