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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail space
428 Washington St, Marion, IN 46953-1980
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-1470437
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
51,520 SF
Lot
0.42 ac (18,480 SF)
APN
27-07-06-402-111.000-002
UPID
US31-1470437
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
-
Alexander Home Improvement LLC General Contractor
-
Forbidden Pigments Tattoo and Body Piercing Tattoo & Piercing Shop
-
Boston Hill Center Business Service Center Corporate Office
-
Five Points Axe Throwing Theater & Performing Art Venue Music Venue
-
Wellsprings of Freedom International Indiana Hub Charitable Organization Social Service 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
$925k
Owner & transaction history
Gorham Rentals LLC · 2 yrs held
Gorham Rentals LLC
since 2024
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$18 / 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
$9,714
Tax year 2023
Assessed value
$323,800
Assessed 2023
Previous assessed
$323,800
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$38,500
Assessed improvement
$285,300
Land market value
$38,500
Improvement market value
$285,300
Total market value
$323,800
Applied tax rate
16.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
51,520 SF
Lot
0.42 ac (18,480 SF)
APN
27-07-06-402-111.000-002
UPID
US31-1470437
Jurisdiction
GRANT
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
1900
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
0.42 ac
Current owner
From public records · entity-resolved
Gorham Rentals LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1570 S GRACE HTS E, ARGILLITE, KY 41121-9198
Ownership since
2024
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
Jun 11, 2024
—
Gorham Rentals LLC
Dwaine Evans JR
Warranty Deed
—
Nov 14, 2022
—
Dwaine Evans
—
Deed
related
$289,000 · Ashland Credit Union
Jul 1, 2022
—
Dwaine Evans
Boston Hill Center LLC
Warranty Deed
—
Jul 28, 2021
—
Boston Hill Center LLC
Marion Housing Authority
Corporation Deed
—
Nov 13, 2017
$140,000
Housing Authority Of The City Of Ma
Chad Seybold
Warranty Deed
—
Sep 2, 2016
—
Chad Seybold
Keith Dow
Quit Claim Deed
related
—
Jul 24, 2013
—
Esther Son
Centrum Mall LLC
Warranty Deed
—
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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