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Property profile & analytics
OFF-MARKET
Parking lots & garages
802 Main St Boonville, IN 47601-1884
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2258783
Property summary
AI-generated overview
This exceptional retail investment opportunity, Boonville Shopping Center, is strategically located at the southeast corner of SR 61 and SR 62 (Main Street) in Boonville, Indiana, a primary east/west thoroughfare. The center boasts a total of 90,000 square feet across two buildings, situated on a generous 9.82-acre lot. With ample parking (220 spaces), the property offers excellent accessibility for customers. Currently, the center features a strong tenant mix, anchored by Tractor Supply Co., AutoZone, and 4J's Hardware. Multiple suites are available for lease, ranging from a minimum of 3,229 square feet to a maximum contiguous space of 17,016 square feet, providing flexibility for various retail businesses. The property is zoned C-4 and features a total of nine suites. The property's prime location and established tenant base make it an attractive investment opportunity. The APN numbers are 87-09-27-400-028.000-003
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
1,197 SF
Lot
0.4 ac (17,250 SF)
APN
87-09-25-300-023.000-003
UPID
US31-2258783
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
-
Derr's Sodas Big Box & Wholesale Store Distribution Center
-
AutoZone Auto Parts Auto Parts Store
-
H&H Tree Service LLC Landscaping General Contractor
-
4J's Hardware Building Supply Hardware & Home Improvement
-
4-A Builders Construction Company General Contractor
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
Terry E Fortune · 1 yrs held
Terry E Fortune
since 2025
3 recorded transactions
Zoning & alternative use
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 Boonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonville 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
Tax billed
$867
Tax year 2023
Assessed value
$28,900
Assessed 2023
Previous assessed
$28,900
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$26,100
Assessed improvement
$2,800
Land market value
$26,100
Improvement market value
$2,800
Total market value
$28,900
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
1,197 SF
Lot
0.4 ac (17,250 SF)
APN
87-09-25-300-023.000-003
UPID
US31-2258783
Jurisdiction
WARRICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Terry E Fortune
Individual
Free & Clear · 1 yrs held
Mailing address
1877 N HTS ST, BOONVILLE, IN 47601-2557
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
May 29, 2025
—
Terry E Fortune
T Fortune Holdings LLC
Quitclaim Deed
related
—
May 17, 2021
—
Benjamin Hamd
—
Deed
related
$1,000,000 · Capstar Bank
Oct 12, 2011
—
Marathon Petroleum Company LLC
Speedway Superamerica LLC
Quit Claim Deed
related
—
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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