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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Manufacturing properties
640 Franklin St, Spencer, IN 47460-1828
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0232095
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Construction
TYPE NOT SPECIFIED
Total area
47,020 SF
Lot
4.86 ac (211,702 SF)
APN
60-10-21-300-330.000-028
UPID
US31-0232095
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$705k
Owner & transaction history
Sunny Acres Real Estate & Dev LLC · 1 yrs held
Sunny Acres Real Estate & Dev LLC
since 2024
5 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 Spencer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencer 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
Method
Estimation
Statistic approach
by Request
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$15 / 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
$10,092
Tax year 2023
Assessed value
$316,900
Assessed 2023
Previous assessed
$316,900
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$49,000
Assessed improvement
$267,900
Land market value
$49,000
Improvement market value
$267,900
Total market value
$316,900
Applied tax rate
28.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1952
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
47,020 SF
Lot
4.86 ac (211,702 SF)
APN
60-10-21-300-330.000-028
UPID
US31-0232095
Jurisdiction
OWEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
4.86 ac
Current owner
From public records · entity-resolved
Sunny Acres Real Estate & Dev LLC
Entity
Free & Clear · 1 yrs held
Mailing address
110 N PO BOX 350TH AVE APT #102, SPENCER, IN 47460-0350
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 31, 2024
—
Sunny Acres Real Estate & Dev LLC
Demil Holdings LLC
Warranty Deed
—
Jan 6, 2016
—
Pain Real Estate Holdings LLC
Greenbriar Senior LP
Quit Claim Deed
related
$189,968 · Pain Real Estate Holdings LLC
Jan 6, 2016
$325,000
Demil Holding LLC
Pain Real Estate Holdings LLC
Warranty Deed
—
Oct 3, 2005
—
Pain Real Estate Holdings LLC
Monroe Bank
Warranty Deed
$390,000 · Monroe Bank
Jan 25, 2005
$500,000
Monroe Bank
Edward A Fellure
Sheriffs 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.
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