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Property profile

645 Us Highway 31 Greenwood, IN 46142

FOR SALE
Other commercial real estate
Property ID
US31-0634856
19,500 SF 1.13 ac lot Built 1980
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Constructed in 1980, this commercial building is situated along the US 31 corridor in Greenwood. The property contains approximately 19,500 square feet of total building area on roughly 1.13 acres of land. The interior layout includes a retail showroom area with daylighting and a substantial warehouse section with mezzanine storage. The configuration provides two distinct tenant areas, including a leased portion for a total of 14,320 square feet and a front retail space of about 5,000 square…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$741k
Assessed land$460k
Assessed improvement$281k
Effective rate1.84%

Value estimate

· Oct 2026
$3.07M
$2.76M – $3.38M
CAP approach$3.11M
NOI build-up
Gross scheduled income$328k
Vacancy & credit loss−$23k
Operating expenses−$91k
NOI · 6.09% cap applied$213k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$983/SF
Submarket average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$80 – $2,385

Cap rate analysis

How does the asset earn?
6.09%
$213k 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.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply26.4
Wholesale Shop23.7
Law Firm18.6

Location

645 Us Highway 31 Greenwood, IN 46142
County assessor Recorded deeds · not on file 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
650 Morgantown, Greenwood, IN 46142-9725 $50,000 Jan 2024 No data
County Line, Greenwood, IN 46142 $2,292,143 Jan 2024 No data
280 State Rd 135, Greenwood, IN 46142-1420 $210,000 Sep 2023 9,000 SF
601 Library Park, Greenwood, IN 46142-1562 $660,000 Mar 2023 No data
170 Madison, Greenwood, IN 46142-3573 $340,000 Apr 2022 2,800 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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