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    Property profile & analytics

    721 Rudolph Way Greendale, IN 47025-8378

    • Medical offices
    • 6,000 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Location Intelligence
    Property ID
    US31-2162286
    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

    • Medical offices

    Property Details for 721 Rudolph Way

    Year built
    2010
    Construction
    WOOD
    Lot size
    1.44 lot acres
    Property size
    6,000 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    15-07-11-300-024.003-016
    APU
    150711300024003016

    Description

    This exceptional investment opportunity presents a 6,100 square foot retail property located at 721 Rudolph Way, Greendale, Indiana 47025. The property, built in 2010, is currently 100% occupied by a credit-rated national tenant, DaVita, under a Net Net Net (NNN) lease with minimal landlord responsibilities. The lease features attractive terms, including a 3% annual rent increase, providing significant inflationary protection and strong cash flow. DaVita, a Fortune 500 company, has occupied the property since 2011 and recently extended their lease in 2020 for an additional 8 years, demonstrating a long-term commitment to the location. The property boasts a strong 9.85% cap rate and a Net Operating Income (NOI) of $113,316, making it an attractive investment in today's market. The strategic location, less than two miles from St. Elizabeth Dearborn Hospital, ensures consistent patient traffic from Indiana, Ohio, and Kentucky. This fee-simple ownership offers a passive income stream with significant upside potential due to the built-in annual rent escalations. The property's resilience to economic downturns, inherent in the healthcare sector, further enhances its investment appeal. The asking price is $1,150,414, translating to $188.59 per square foot. This is a rare opportunity to acquire a high-performing, passively managed retail asset with a strong tenant and a compelling financial profile.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greendale
    County
    Dearborn
    State
    Indiana
    Longitude
    -84.8544
    Latitude
    39.1069
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-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
    $10,656
    $72,200
    $283,000
    $355,200
    -
    $72,200
    $283,000
    $355,200

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    721 Rudolph Way
    Greendale, IN 47025-8378
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    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
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