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Property profile & analytics
OFF-MARKET
Office Spaces
38 Mcclain Ave, Scottsburg, IN 47170-1847
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-0984677
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1918
Construction
TYPE NOT SPECIFIED
Total area
1,720 SF
Lot
0.05 ac (2,265 SF)
APN
72-05-20-230-111.000-008
UPID
US31-0984677
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
-
F.C. Tucker Real Estate Experts - Scottsburg Real Estate Agency
-
Pub Tavern Bar & Pub
-
Quality Title Insurance Title Company
-
REALTOR Real Estate Agency
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
Homes On Homes LLC · 5 yrs held
Homes On Homes LLC
since 2020
Last sale
$80,000
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 Scottsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsburg 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
$2,808
Tax year 2023
Assessed value
$93,600
Assessed 2023
Previous assessed
$93,600
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$8,400
Assessed improvement
$85,200
Land market value
$8,400
Improvement market value
$85,200
Total market value
$93,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1918
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
1,720 SF
Lot
0.05 ac (2,265 SF)
APN
72-05-20-230-111.000-008
UPID
US31-0984677
Jurisdiction
SCOTT
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
1918
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Homes On Homes LLC
Entity
Free & Clear · 5 yrs held
Mailing address
750 E SOUTHPORT RD, INDIANAPOLIS, IN 46227-8553
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
Homes On Homes LLC
James Schaefer
Quit Claim Deed
related
—
Aug 3, 2020
$80,000
James E Schaffer
William A Saegesser
Warranty Deed
—
Dec 5, 2016
—
Casey W Saegesser
William A Saegesser
Transfer On Death Deed
related
—
Nov 17, 2016
—
William A Saegesser
Golden Key Realty LLC
Warranty Deed
—
Oct 23, 2009
—
Michael S Jewell
Judy K Cox
Warranty Deed
—
Jun 26, 2008
—
Judy K Cox
Joan Azure
Quit Claim Deed
related
$30,000 · Scottsburg Building & Loan Assn
Jun 2, 2006
—
C T Cox
Joseph L Hall
Warranty Deed
$199,000 · Scottsburg Building & Loan Assn
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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