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Property profile & analytics
OFF-MARKET
Retail space
7984 State Rd 32, Lebanon, IN 46052-8256
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-2498547
Property summary
AI-generated overview
Located in Lebanon, Indiana, at the intersection of State Road 32 and State Road 75, this 1,204 square foot building sits on a 1.08-acre lot. The property is zoned for uses including retail or office. The location benefits from high traffic flow along SR 32, which connects to Interstate 65, and is near Eli Lilly's LEAP Lebanon Innovation and Research District. The Indiana Department of Transportation is realigning and widening SR 32 to a four-lane highway. The building offers a flexible layout that can be adapted for a range of uses, from retail storefronts and service businesses to professional offices and medical clinics. The lot provides potential for expansion, parking, or outdoor business operations. The surrounding area is experiencing population growth and an influx of new businesses.
Property profile
Verified
Property type
Retail space
Use group
FINANCIAL BUILDING
Year built
2003
Construction
WOOD
Total area
1,215 SF
Lot
1.08 ac (47,045 SF)
Zoning code
ZO01
APN
06-09-26-000-004.000-011
UPID
US31-2498547
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
S&c Property Group LLC · 1 yrs held
S&c Property Group LLC
since 2025
Last sale
$300,000
3 recorded transactions
Zoning & alternative use
ZO01 · Lebanon, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$259,300
Assessed 2023
Previous assessed
$259,300
+0.0% YoY
Assessed land
$60,900
Assessed improvement
$198,400
Land market value
$60,900
Improvement market value
$198,400
Total market value
$259,300
Applied tax rate
6.0000
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
Retail space
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,215 SF
Lot
1.08 ac (47,045 SF)
Zoning code
ZO01
APN
06-09-26-000-004.000-011
UPID
US31-2498547
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Lebanon, IN
Zoning ZO01 · permitted uses
ZO01 · Lebanon, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
S&c Property Group LLC
Entity
Mailing address
7984 W STATE RD 32, LEBANON, IN 46052-8256
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$300,000
S&c Property Group LLC
Northwest Haiti Christian Mission I
Deed
$240,000 · Farmers Bank
Jun 18, 2021
$185,000
Northwest Haiti Christian Mission I
Dean Shrgott
Warranty Deed
—
Feb 26, 2021
$163,000
Dean Ehrgott
Kelly D Cook
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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