Financial
Distress signals
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?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$14k
Tax billed · 2023
Assessed value$741k
Assessed land$460k
Assessed improvement$281k
Effective rate1.84%

Value estimate

· Sep 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.2
Building Supply12.8
Wholesale Shop11.3

Location

645 Us Highway 31 Greenwood, IN 46142
County assessor Recorded deeds · not on file 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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