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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office Spaces
450 State Rd 135 Greenwood, IN 46142-1455
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1291948
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
WOOD
Total area
5,280 SF
Lot
0.69 ac (29,926 SF)
APN
41-03-35-044-003.000-041
UPID
US31-1291948
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
-
Charter Party Bus of Greenwood Travel Agency Tour Operator
-
Healing Hands Homecare /Caring Hands Home Health Home Health Care Service Home Help Service Agency
-
Justin Degenhardt, NMLS: 2271224, First Community Mortgage Financial Advisor
-
First Community Mortgage - Greenwood, IN Loan Service Bank
-
Dr. Devon Mcgillem Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$630k
Owner & transaction history
Dillon & Associates Realty LLC · 1 yrs held
Dillon & Associates Realty LLC
since 2025
5 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 Greenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwood 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$119 / 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
$27,191
Tax year 2023
Assessed value
$1,141,600
Assessed 2023
Previous assessed
$1,141,600
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$382,000
Assessed improvement
$759,600
Land market value
$382,000
Improvement market value
$759,600
Total market value
$1,141,600
Applied tax rate
41.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,280 SF
Lot
0.69 ac (29,926 SF)
APN
41-03-35-044-003.000-041
UPID
US31-1291948
Jurisdiction
JOHNSON
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
0.69 ac
Current owner
From public records · entity-resolved
Dillon & Associates Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3760 W SMOKEY ROW RD, BARGERSVILLE, IN 46106-8890
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Dillon & Associates Realty LLC
Todd Anthony LLC
Deed
—
Feb 14, 2023
—
Todd Anthony LLC
—
Deed
related
$1,200,000 · Mutual Savings Bank
Feb 10, 2022
$895,000
Todd Anthony LLC
Three J Holdings LLC
Warranty Deed
—
Oct 10, 2014
—
Three J Holdings LLC
Psb Credit Services INC
Special Warranty Deed
$863,100 · Old National Bank
May 29, 2007
—
David Mark Schreibman
Eau Claire Parke LLC
Special Warranty Deed
$1,274,000 · Citibank NA
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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