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Property profile & analytics
FOR LEASE
Outlet malls
671 3Rd Ave Jasper, IN 47546
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-1558656
For Lease
1 / 12
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671 3Rd Ave, Jasper, IN 47546
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Property summary
AI-generated overview
This exceptional retail opportunity in Jasper, Indiana, presents 8,255 square feet of completely vacant commercial space, ideally situated at 671 Third Avenue, zip code 47546. The property, known as 3rd Avenue Commons, offers a flexible layout with three individual suites available for lease. Each suite is easily adaptable to a variety of retail uses. The minimum divisible space is 2,030 square feet, while the maximum contiguous space available is 4,025 square feet. This allows for businesses of various sizes to find a suitable space within this attractive center. The building's total square footage is 8,255 square feet, providing ample room for growth and expansion. Located in Dubois County, this property benefits from high visibility and convenient access for customers. The address is 671 Third Avenue, Jasper, IN 47546. This is a rare opportunity to secure a prominent retail location in a thriving community. The entire building is currently vacant, presenting a unique chance to establish a presence in a high-traffic area. Contact us today to learn more about leasing options and to schedule a viewing.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
11,913 SF
Lot
4.55 ac (198,028 SF)
APN
19-06-36-304-114.000-002
UPID
US31-1558656
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
-
FedEx OnSite Postal Service Courier Service
-
Nick Giesler DDS Dental Office
-
The Hearing Doctor Hearing Aid Store
-
Adaptive Nursing and Healthcare Services Home Health Care Service
-
Doodlebug Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$650k
Owner & transaction history
Jasper Plaza LLC · 5 yrs held
Jasper Plaza LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$925,000
+34.7%
Commercial (general)
$875,000
+27.2%
Auto repair, garage
$815,000
+18.3%
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 Jasper submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jasper 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$690,000
Current use
RESTAURANT
$925,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$875,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$785,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$55 / 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
$16,181
Tax year 2023
Assessed value
$726,300
Assessed 2023
Previous assessed
$726,300
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$134,200
Assessed improvement
$592,100
Land market value
$134,200
Improvement market value
$592,100
Total market value
$726,300
Applied tax rate
2.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
6
Stories
1
Total area
11,913 SF
Lot
4.55 ac (198,028 SF)
APN
19-06-36-304-114.000-002
UPID
US31-1558656
Jurisdiction
DUBOIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$690,000
RESTAURANT
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$785,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
6
Lot
4.55 ac
Current owner
From public records · entity-resolved
Jasper Plaza LLC
Entity
Free & Clear · 5 yrs held
Mailing address
747 MIDDLE NCK RD STE #105, GREAT NECK, NY 11024-1950
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Jasper Plaza LLC
Progressive Investment Company LLC
Re-recorded Document
related
—
Sep 23, 2020
—
Jasper Plaza LLC
Progressive Investment Company LLC
Special Warranty Deed
$2,520,000 · Freedom Bank
Mar 12, 2018
—
Progressive Investments Co LLC
—
Deed
related
$1,850,000 · German American Bancorp INC
Nov 14, 2011
$300,000
Progressive Investment Company LLC
Access Storage Now LLC
Warranty Deed
—
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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