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Financial
Distress signals
Property profile

3893 W State Road 47 Sheridan, IN 46069

FOR SALE
Retail space
Property ID
US31-1338919
12,695 SF 1.38 ac lot Built 2003
Last sale Jun 2017 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$592k
Assessed land$83k
Assessed improvement$509k
Effective rate2.52%

Value estimate

· Oct 2026
$615k
$554k – $677k
AI approach$615k
CAP approach$740k
Submarket $/SF estimate$633k
NOI build-up
Gross scheduled income$247k
Vacancy & credit loss−$24k
Operating expenses−$56k
NOI · 7.61% cap applied$167k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$332/SF
County average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$169 – $494

Cap rate analysis

How does the asset earn?
7.61%
$167k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.7
HVAC Service9.5
Nail Salon9.0

Location

3893 W State Road 47 Sheridan, IN 46069
County assessor Recorded deeds · 15 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
906 Hudson, Sheridan, IN 46069-1422 $145,000 Jul 2023 2,000 SF
213 Main, Sheridan, IN 46069-1141 $150,000 May 2023 352 SF
406 10th, Sheridan, IN 46069-9174 $14,300 Apr 2023 5,136 SF
508 10th, Sheridan, IN 46069-9188 $14,200 Apr 2023 6,768 SF
308 Main, Sheridan, IN 46069-1113 $20,000 May 2019 2,420 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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