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Property profile & analytics
FOR SALE
Retail space
3893 State Rd 47 Sheridan, IN 46069-9133
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-1338919
For Sale
1 / 57
$2,195,000
3893 State Rd 47, Sheridan, IN 46069-9133
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD
Total area
12,695 SF
Lot
1.38 ac (60,113 SF)
APN
29-05-06-201-051.000-002
UPID
US31-1338919
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
$615k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$615k
Owner & transaction history
Indy Omg LLC · 9 yrs held
Indy Omg LLC
since 2017
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 Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan 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
$615,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$690,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$48 / 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
$14,896
Tax year 2023
Assessed value
$591,700
Assessed 2023
Previous assessed
$591,700
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$82,800
Assessed improvement
$508,900
Land market value
$82,800
Improvement market value
$508,900
Total market value
$591,700
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 Sale
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Total area
12,695 SF
Lot
1.38 ac (60,113 SF)
APN
29-05-06-201-051.000-002
UPID
US31-1338919
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
2003
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Indy Omg LLC
Entity
Mailing address
3893 W STATE RD 47, SHERIDAN, IN 46069-9133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
—
Indy Omg LLC
—
Deed
related
$200,000 · Stock Yards Bank & Trust Co
May 23, 2022
—
Indy Omg LLC
—
Deed
related
$773,000 · Stock Yards Bank & Trust Co
Nov 5, 2020
—
Indy Omg LLC
—
Deed
related
$275,000 · Stockyard Bk&tr
Mar 17, 2020
—
Omg LLC
—
Deed
related
$387,404 · Stockyard Bk&tr
Aug 30, 2019
—
Indy Omg LLC
—
Trustees Deed
related
$160,000 · Stockyard Bk&tr
Aug 20, 2018
—
Indy Omg LLC
—
Trustees Deed
related
$100,000 · Stockyard Bk&tr
Jul 30, 2018
—
Omg LLC
—
Deed
related
$100,000 · Stockyard Bk&tr
Jul 20, 2017
—
Indy Omg LLC
—
Deed
related
$325,000 · Stockyard Bk&tr
Jun 5, 2017
$400,000
Indy Omg LLC
Stellhorn Property Group LLC
Warranty Deed
$376,000 · Stockyard Bk&tr
Nov 5, 2015
—
Dg Sheridan LLC
Sheridan Dg Properties LLC
Quit Claim Deed
related
—
Jun 8, 2005
—
Stellhorn Property Group LLC
R & B Developers INC
Grant Deed
$1,320,000 · First Farmers Bank & Trust
—
—
Omg LLC
—
Deed Of Trust
related
$387,404 · Stockyard Bk&tr
—
—
Indy Omg LLC
—
Loan Modification
related
$325,000 · Stockyard Bk&tr
—
—
Omg LLC
—
Deed Of Trust
related
$100,000 · Stockyard Bk&tr
—
—
Indy Omg LLC
—
Loan Modification
related
$275,000 · Stockyard Bk&tr
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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