Back to Search
Property profile & analytics
FOR LEASE
Retail space
600 S 600 W & US 52 New Palestine, IN 46163
Trust Owned
2-yr Hold
Property ID
US31-1362909
For Lease
1 / 11
Contact for pricing
600 S 600 W & US 52, New Palestine, IN 46163
View Listing →
Property summary
AI-generated overview
Endcap with Drive Thru Available. 23,000+ SF available in the 66-Acre business park of Hancock Wellness Center New Pal. Surrounded by a growing school system with New Palestine High School spending $50 million on renovations and expansions. A projected enrollment growth of 200% in coming years. An up and coming area with national retailers like Starbucks, Jiffy Lube, Taco Bell, etc.
Property profile
Verified
Property type
Retail space
UPID
US31-1362909
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
Ostermyer Family Irrevocable Trust · 2 yrs held
Ostermyer Family Irrevocable Trust
since 2024
7 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 New Palestine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Palestine 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
Comparables
1 recent transactions · within 1.5 miComparable in this city
1 recent transactions
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
Status
For Lease
UPID
US31-1362909
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
Ostermyer Family Irrevocable Trust
Trust
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
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
New Pal Healthway Shoppes LLC
—
Deed
related
$368,723 · Hancock Regional Hospital An Indiana Cou
Jul 15, 2024
—
Ostermyer Family Irrevocable Trust
William H Ostermyer
Quitclaim Deed
related
—
Feb 21, 2024
—
Plaza Utilities LLC
Duffy Barn LLC
Quitclaim Deed
related
—
Jan 23, 2024
—
Trevor Lloydjones
—
Deed
related
$302,250 · First Merchants Bank
Dec 28, 2023
—
William N Snodgrass
William Snodgrass
Deed
related
—
Oct 4, 2023
—
Limited Developments LLC
Lj Trust Investments LLC
Deed
related
—
Sep 8, 2023
$45,965
Board Of Commissioners Of Hancock C
Ryan Nelson
Warranty Deed
—
Aug 1, 2023
$40,555
Board Of Commissioners Of Hancock C
Vernice L Gish
Warranty Deed
—
May 17, 2023
$415,000
Schwier & Co LLC
Wilma Pfeifer
Warranty Deed
$290,000 · Beacon Cu
Aug 30, 2022
$12,691
Brd Of Commissioners Of Hancock Cnt
John C Fenter
Warranty Deed
—
Aug 15, 2022
$84,000
Starsongs Farms LLC
Bethany J Hardy
Warranty Deed
—
Aug 4, 2022
$137,788
Donald R Phares
Brent Fuchs
Warranty Deed
—
May 18, 2022
—
Li Trust Investements LLC
Limited Developments LLC
Deed
related
—
May 17, 2022
$10,995
Board Of Commissioners Of Hancock C
Limited Developments LLC
Warranty Deed
—
May 13, 2022
—
Lj Trust Investments LLC
Limited Developments LLC
Quitclaim Deed
related
—
May 11, 2022
—
Lj Trust Investments LLC
Limited Development LLC
Quitclaim Deed
related
—
Dec 10, 2021
—
John C Fenter
Diana Fenter
Deed
related
—
Dec 2, 2021
$508,000
Ryan Nelson
Paula B Prange
Warranty Deed
—
Dec 1, 2021
$492,000
Ryan Nelson
Paula B Prange
Warranty Deed
$1,000,000 · Farm Credit Mid America Flca
Jun 2, 2021
—
Hancock County
Paula B Prange
Warranty Deed
—
Apr 16, 2021
$625,000
Yadwinder Singh
William Didelot
Warranty Deed
—
Mar 16, 2020
—
Brent Fuchs
John S Merfau
Personal Rep. Deed
—
Feb 12, 2020
—
Paul S Nesses
Phyllis Kleiman Hart
Warranty Deed
—
Oct 26, 2018
—
Limited Developments LLC
—
Deed
related
—
Sep 5, 2018
—
Diana Fenter
Diana Fenter
Deed
related
—
May 21, 2018
—
Ronald C Estes
Ronald C Estes
Deed
related
—
Apr 18, 2018
—
Limited Developments LLC
Ttlj Properties LLC
Quitclaim Deed
related
—
Feb 6, 2017
—
Renee Corwin
Trevor T Lloyd Jones
Warranty Deed
—
Sep 16, 2016
—
William R Faut
—
Deed
related
$80,000 · Victor Boring
Aug 1, 2016
—
Duffy Barn LLC
New Palestine Plaza INC
Quitclaim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
