New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Strip malls
620 Main St, Zionsville, IN 46077-1661
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-1760635
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
WOOD
Total area
7,004 SF
Lot
2.09 ac (91,040 SF)
Zoning code
ZO01
APN
06-04-02-000-007.155-006
UPID
US31-1760635
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
-
Bub's Burgers and Ice Cream Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
South Zionsville Village West LLC · 2 yrs held
South Zionsville Village West LLC
since 2024
2 recorded transactions
Zoning & alternative use
ZO01 · Zionsville, IN
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 Zionsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zionsville 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
$193 / SF
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
$50,921
Tax year 2023
Assessed value
$2,522,600
Assessed 2023
Previous assessed
$2,522,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$439,400
Assessed improvement
$2,083,200
Land market value
$439,400
Improvement market value
$2,083,200
Total market value
$2,522,600
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
7,004 SF
Lot
2.09 ac (91,040 SF)
Zoning code
ZO01
APN
06-04-02-000-007.155-006
UPID
US31-1760635
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Zionsville, IN
Zoning ZO01 · permitted uses
ZO01 · Zionsville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zionsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
2.09 ac
Current owner
From public records · entity-resolved
South Zionsville Village West LLC
Entity
Mailing address
PO BOX 37, ZIONSVILLE, IN 46077-0037
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
South Zionsville Village West LLC
—
Deed
related
$1,000,000 · Lake City Bank
Jun 25, 2019
—
South Zionsville W LLC
—
Deed
related
$2,450,000 · 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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