Financial
Distress signals
Property profile

400 State St New Albany, IN 47150

OFF-MARKET
Commercial real estate
Property ID
US31-2165481
14,224 SF 0.31 ac lot Built 1964
Last sale Aug 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This newly renovated, two-story building at 400 State Street in New Albany, Indiana (zip code 47150) offers a variety of office spaces ideal for coworking, executive, creative, or medical businesses. The building totals 32,395 square feet and features one building with 50 parking spaces. Units range from a minimum of 1,200 square feet to a maximum contiguous space of 3,500 square feet. The building was renovated in 2024 and is zoned D-Downtown. Available spaces boast modern amenities…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$791k
Assessed land$81k
Assessed improvement$710k
Effective rate3.04%

Value estimate

· Sep 2026
$1.36M
$1.22M – $1.49M
Submarket $/SF estimate$1.43M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$39 – $100

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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.

JurisdictionFLOYD

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.9
Dental Office10.4
Tailor Shop9.4

Location

400 State St New Albany, IN 47150-3619
County assessor Recorded deeds · 3 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
223 Main, New Albany, IN 47150-5818 $225,000 Mar 2025 5,250 SF
151 Main, New Albany, IN 47150-5849 $895,000 May 2022 4,000 SF
4105 Earnings, New Albany, IN 47150-7202 $560,000 Dec 2021 8,166 SF
2585 Charlestown, New Albany, IN 47150-2553 $330,000 Sep 2021 14,504 SF
30 3rd, New Albany, IN 47150 $300,000 Mar 2021 5,358 SF
705 Pearl, New Albany, IN 47150-4752 $175,000 Jan 2021 8,000 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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