Financial
Distress signals
Property profile

518 N Harrison St Alexandria, IN 46001

FOR SALE
Commercial land
Property ID
US31-1092587
0.15 ac lot
Last sale Aug 2025
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 2,072-square-foot restaurant and bar building located in Alexandria, Indiana, situated on a 0.05-acre lot. It is zoned commercial and includes parking areas on both the north and south sides of the building. Building updates within the past several years include replacement of the HVAC system, installation of a metal roof, sewer line replacement, electrical wiring updates, and installation of a wood-fired pizza oven along with commercial-grade appliances and equipment used for restaurant operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$251
Tax billed · 2023
Assessed value$8k
Assessed land$8k
Effective rate3.35%

Value estimate

· Sep 2026
$230k
$207k – $253k
AI approach$230k
NOI build-up
Gross scheduled income$13k
Vacancy & credit loss−$326
Operating expenses−$4k
NOI · 2.96% cap applied$9k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$37/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$16 – $63

Cap rate analysis

How does the asset earn?
2.96%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.3
Dental Office10.5
Law Firm10.2

Location

518 N Harrison St Alexandria, IN 46001
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 12 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
205 Park, Alexandria, IN 46001-2099 $21,000 May 2023 3,102 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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