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    Property profile & analytics

    770 Grn St Brownsburg, IN 46112-1277

    • Medical Office Space
    • 5,936 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3112901
    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

    • Gentle Dentist / Dental Office
    • Kirk Mustard, DDS / Dental Office
    • Indiana Farm Bureau Insurance / Insurance Agency
    • Kirk Tyler Mustard / Dental Office
    • Eric Patterson - Indiana Farm Bureau Insurance / Insurance Agency

    Property Details for 770 Grn St

    Year built
    2008
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.10 lot acres
    Property size
    5,936 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    32-07-02-391-002.000-016
    APU
    320702391002000016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $162k - $1.01M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $590,000
      Current use
      RESTAURANT
      $635,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $480,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brownsburg
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3944
    Latitude
    39.8543
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $24,713
    $220,000
    $671,300
    $891,300
    -
    $220,000
    $671,300
    $891,300

    Comparable in this City

    • Value Estimation
      $3,105,000
      31,262 SF

      1411 Grn St

      MEDICAL BUILDING • 31,262 SF
      1411 Grn St, Brownsburg, IN 46112-2049
      View Details
    • Value Estimation
      $620,000
      4,949 SF

      1040 Patrick Pl

      MEDICAL BUILDING • 4,949 SF
      1040 Patrick Pl, Brownsburg, IN 46112-2431
      View Details
    • Value Estimation
      $6,340,000
      38,436 SF

      590 Pit Rd

      MEDICAL BUILDING • 38,436 SF
      590 Pit Rd, Brownsburg, IN 46112-7830
      View Details
    • Value Estimation
      $4,820,000
      43,770 SF

      7950 Ortho Ln

      MEDICAL BUILDING • 43,770 SF
      7950 Ortho Ln, Brownsburg, IN 46112-9354
      View Details
    • Value Estimation
      $8,615,000
      86,706 SF

      5492 Ronald Reagan Pkwy

      MEDICAL BUILDING • 86,706 SF
      5492 Ronald Reagan Pkwy, Brownsburg, IN 46112-5618
      View Details
    • Value Estimation
      $1,165,000
      11,350 SF

      1080 Grn St

      MEDICAL BUILDING • 11,350 SF
      1080 Grn St, Brownsburg, IN 46112-2416
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,242 SF

      Aspen Suites Medical Office

      Modern Brownsburg medical office space for lease or sale
      730 Patricks Pl, Brownsburg, IN 46112
      View Details
    • $875,000

      Brownsburg Commercial Property For Sale

      Two buildings suitable for office or medical use in Brownsburg.
      65 Maplehurst Dr, Brownsburg, IN 46112
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    • $1,995,000
      1.65 Acres

      Brownsburg Office Complex - 1.65 Acres

      Prime Brownsburg location, redevelopment opportunity. Six parcels included.
      205 Green St, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      1,800 SF

      Brownsburg Mixed-Use Development

      Prime location, high growth area, 10,000 SF potential.
      8050 Ortho Ln, Brownsburg, IN 46112
      View Details
    • $949,000
      5,903 SF

      Brownsburg Office Complex - I-74 Access

      Two-building office space, prime location, high visibility.
      65 Maplehurst Dr, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      5,915 SF

      New Corporate Ground Lease Opportunity

      20-year corporate ground lease in growing Indianapolis suburb.
      60 E Garner Rd, Brownsburg, IN 46112
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      7,404 SF

      Brownsburg Office Space Available

      Flexible Office Solutions in Indiana
      5724 Green St, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      9,242 SF

      Aspen Suites Medical Office

      Brownsburg, IN: Class A medical office space
      730 Patricks Pl, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      48,000 SF

      Brownsburg Commercial Development Opportunity

      Prime Brownsburg location, flexible space, high growth area.
      0 Hornaday Rd, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      38,252 SF

      Brownsburg Medical Office Building

      Fully equipped, 38,252 SF medical facility.
      7950 Ortho Ln, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      1,650 SF

      Medical Space Available in Brownsburg

      1,650 SF medical space for lease in Brownsburg, IN.
      1040 Patrick Pl, Brownsburg, IN 46112
      View Details
    • $12 SF/Yr
      8,084 SF

      Brownsburg Office Space for Lease

      8,084 sq ft Single-Tenant Office in Brownsburg, IN
      8930 Motorsports Way, Brownsburg, IN 46112
      View Details
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    770 Grn St
    Brownsburg, IN 46112-1277
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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