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Property profile & analytics
OFF-MARKET
Retail space
515 1st St Pierceton, IN 46562-9200
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1747812
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
WOOD
Total area
2,268 SF
Lot
0.31 ac (13,504 SF)
Zoning code
COMME
APN
43-12-34-400-188.000-030
UPID
US31-1747812
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
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
Lexiii Contracting LLC · 1 yrs held
Lexiii Contracting LLC
since 2024
5 recorded transactions
Zoning & alternative use
COMME · Pierceton, IN
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 Pierceton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pierceton 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
$1,205
Tax year 2023
Assessed value
$66,300
Assessed 2023
Previous assessed
$66,300
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$15,500
Assessed improvement
$50,800
Land market value
$15,500
Improvement market value
$50,800
Total market value
$66,300
Applied tax rate
30.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,268 SF
Lot
0.31 ac (13,504 SF)
Zoning code
COMME
APN
43-12-34-400-188.000-030
UPID
US31-1747812
Jurisdiction
KOSCIUSKO
Zoning & alternative use
COMME · Pierceton, INZoning COMME · permitted uses
COMME · Pierceton, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Town of Pierceton: Council
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Lexiii Contracting LLC
Entity
Free & Clear · 1 yrs held
Mailing address
408 N OAK ST, PIERCETON, IN 46562-9056
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
Lexiii Contracting LLC
Lexlil Contracting LLC
Intrafamily Transfer
related
—
Dec 30, 2022
—
Lexlil Contracting LLC
—
Deed
related
$66,000 · Lake City Bank
Oct 7, 2022
—
Lexlil Contracting LLC
Robert K Hill
Warranty Deed
$85,000 · Lake City Bank
May 7, 2013
—
Robert K Hill
Frank D Hall
Re-recorded Document
related
$60,000 · Lake City Bank
Apr 24, 2013
—
Robert K Hill
Frank D Hall
Warranty Deed
$60,000 · Lake City Bank
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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