Property profile

401 Adams St Marion, IN 46953

OFF-MARKET
Office Spaces
Property ID
US31-1529533
114,459 SF 1.8 ac lot Built 1980
Individually Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 114,459 SF
Lot 1.8 ac (78,400 SF)
APN 27-07-06-401-097.000-002
UPID US31-1529533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Department
  • County Government Office
  • County Government Office
  • Social Service Agency Charitable Organization
  • Veterans Affairs Department

Location

401 Adams St Marion, IN 46953-2037
Marion metro Census 100 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.66M
Blend (final) Blend
$425k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $10.9M +12.5%
Restaurant $10.6M +9.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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