Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    700 Spg St New Albany, IN 47150-2926

    • Medical offices
    • 4,440 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Jan 23, 2024
    $320,000
    Location Intelligence
    Property ID
    US31-1867480
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Day Carolyn S MD / Surgeon
    • Dr. James Y. Mccullough Jr, MD / Surgeon
    • Steven R Pahner / Emergency Care Physician
    • The Looking Glass Salon / Beauty Salon
    • Melinda Dodge / Medical Clinic / Family Practice Physician

    Property Details for 700 Spg St

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    4,440 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    22-05-00-200-766.000-008
    APU
    220500200766000008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $350,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $360,000
      Mixed-Use
      $390,000
      Hospitality
      $355,000
      Educational
      $290,000
      Residential Income
      $290,000
      Energy
      $370,000
      Income-Based Land
      $345,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8165
    Latitude
    38.2878
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,991
    $28,500
    $109,200
    $137,700
    -
    $28,500
    $109,200
    $137,700

    Comparable in this City

    • Value Estimation by Request
      65,748 SF

      1919 State St

      MEDICAL BUILDING • 65,748 SF
      1919 State St, New Albany, IN 47150-4929
      View Details
    • Value Estimation
      $380,000
      10,370 SF

      2820 Grant Line Rd

      MEDICAL BUILDING • 10,370 SF
      2820 Grant Line Rd, New Albany, IN 47150-2494
      View Details
    • Value Estimation by Request
      6,354 SF

      2241 Grn Vly Rd

      MEDICAL BUILDING • 6,354 SF
      2241 Grn Vly Rd, New Albany, IN 47150-4647
      View Details
    • Value Estimation
      $315,000
      12,561 SF

      2109 Grn Vly Rdb

      MEDICAL BUILDING • 12,561 SF
      2109 Grn Vly Rdb, New Albany, IN 47150-4645
      View Details
    • Value Estimation
      $425,000
      12,561 SF

      2109 Grn Vly Rdd

      MEDICAL BUILDING • 12,561 SF
      2109 Grn Vly Rdd, New Albany, IN 47150-4645
      View Details
    • Value Estimation
      $390,000
      12,672 SF

      2109 Grn Vly Rda

      MEDICAL BUILDING • 12,672 SF
      2109 Grn Vly Rda, New Albany, IN 47150-4645
      View Details

    Similar Nearby for Sale

    • $795,000
      4,712 SF

      Downtown New Albany Office Building

      Updated office building in revitalized downtown area with parking.
      320 E Elm St, New Albany, IN 47150
      View Details
    • $1,950,000
      25,300 SF

      Downtown New Albany Mixed-Use Building

      Historic mixed-use building with office, retail, and residential potential.
      222 Pearl St, New Albany, IN 47150
      View Details
    • $399,000
      1,896 SF

      Historic Downtown Townhome Opportunity

      Versatile property in historic downtown New Albany, Indiana.
      224 E Main St, New Albany, IN 47150
      View Details
    • $325,000
      2,520 SF

      Renovated Office Building in New Albany

      Completely renovated office building with historic charm and modern amenities.
      1620 E Market St, New Albany, IN 47150
      View Details
    • $1,750,000
      10,702 SF

      Office Building in New Albany

      Office building for sale in New Albany, Indiana.
      301 E Elm St, New Albany, IN 47150
      View Details
    • $3,095,000
      28,044 SF

      Well-Maintained Industrial-Office Building For Sale

      28,000+ SF industrial-office building built in 2016/2017.
      4302 Security Pkwy, New Albany, IN 47150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,795 SF

      New Albany Medical Office Space

      Modern, Class A office suite available.
      4000 Technology Ave, New Albany, IN 47150
      View Details
    • $20 SF/Yr
      29,790 SF

      Prime Northgate Office Space

      Class A Office Suites, Flexible Sizes
      825 Northgate Blvd, New Albany, IN 47150
      View Details
    • $14 SF/Yr
      3,150 SF

      Cobbler's Place Endcap Retail/Office

      Prime 3,150 sq ft endcap with drive-thru.
      5170 Charlestown Rd, New Albany, IN 47150
      View Details
    • $4,000 /Mo
      3,566 SF

      Historic Downtown New Albany Office

      Second floor office space with flexible layout in historic building.
      223 E Spring St, New Albany, IN 47150
      View Details
    • Contact for pricing
      1,795 SF

      Unfinished Office Space in New Albany

      1,795 SF unfinished office space in Purdue Research Park.
      Charlestown Rd, New Albany, IN 47150
      View Details
    • Contact for pricing

      Furnished Medical Office Space Available

      Furnished medical office space for sublease in Purdue Research Park.
      4101 Technology Ave, New Albany, IN 47150
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 Spg St
    New Albany, IN 47150-2926
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.