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Property profile & analytics
FOR LEASE
Office Spaces
458 Locust St Middletown, IN 47356
Entity Owned
3-yr Hold
Free & Clear
Property ID
US31-1531457
For Lease
1 / 2
$10 SF/Yr
458 Locust St, Middletown, IN 47356
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1948
Construction
WOOD
Total area
1,140 SF
Lot
0.11 ac (4,704 SF)
APN
33-02-32-320-309.000-006
UPID
US31-1531457
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
-
Torchlight Counseling Services, LLC Counselor
-
That Massage School Anderson Alternative Medicine Practice
-
Infuse Coaching Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
458 Locust St Middletown LLC · 3 yrs held
458 Locust St Middletown LLC
since 2022
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
—
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
$1,769
Tax year 2023
Assessed value
$64,500
Assessed 2023
Previous assessed
$64,500
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$11,400
Assessed improvement
$53,100
Land market value
$11,400
Improvement market value
$53,100
Total market value
$64,500
Applied tax rate
22.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1948
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
1,140 SF
Lot
0.11 ac (4,704 SF)
APN
33-02-32-320-309.000-006
UPID
US31-1531457
Jurisdiction
HENRY
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
1948
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
458 Locust St Middletown LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1444 WOODSCLIFF CIR, ANDERSON, IN 46012-9503
Ownership since
2022
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
Dec 8, 2022
—
458 Locust St Middletown LLC
P90 17 Properties LLC
Quit Claim Deed
related
—
Jun 22, 2022
—
P90 17 Properties LLC
Torchlight Counseling Services LLC
Warranty Deed
—
Sep 16, 2015
$20,500
Torchlight Counseling Services LLC
Fannie Mae
Special Warranty Deed
—
Apr 7, 2015
—
Federal National Mortgage Associati
Laura Kemerly
Warranty Deed
—
Nov 15, 2007
—
Laura Kemerly
Eric Lohrey
Warranty Deed
$52,250 · Countrywide Bank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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