Property profile

500 Central Ave Connersville, IN 47331

OFF-MARKET
Office Spaces
Property ID
US31-1061746
21,000 SF 0.26 ac lot Built 1960
Entity Owned Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1960
Construction TYPE NOT SPECIFIED
Total area 21,000 SF
Lot 0.26 ac (11,543 SF)
APN 21-05-25-201-010.000-003
UPID US31-1061746

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
  • City Government Office
  • City Government Office
  • City Clerk'S Office

Location

500 Central Ave Connersville, IN 47331-2046
Connersville metro Census 954400 CONNERSVILLE, 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
$1.59M
Blend (final) Blend
$310k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $2.1M +31.0%
Retail stores $1.9M +16.7%
Apartment house (5+ units) $1.6M +0.9%

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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