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    Property profile & analytics

    813 Marion St Converse, IN 46919

    • Grocery and convenience stores
    • 10,500 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0349924
    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

    • Dollar Tree / Family Dollar / General Store

    Property Details for 813 Marion St

    Year built
    2024
    Lot size
    1.00 lot acres
    Property size
    10,500 SF
    Property type
    Grocery and convenience stores

    Description

    This 10,500 square foot, single-story retail building in Converse, Indiana, presents a compelling investment opportunity. Built in 2024, it's a fee-simple property on a one-acre lot, currently 100% occupied by a Family Dollar Tree combo store under a corporate-guaranteed, net lease. The initial 10-year lease commenced April 15, 2024, and includes four, five-year renewal options, each with a $5,250 rent increase. The property boasts a 7.85% cap rate and a strong NOI of $135,975. The tenant, a credit-rated, investment-grade entity, benefits from the combined strength of Dollar General and Dollar Tree, two major discount retailers. The location, approximately 11 miles east of Marion and 20 miles southwest of Kokomo, enjoys an average household income of $86,954 within a 10-mile radius. The building includes a 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-risk retail investment with significant upside potential. The property's combination store format has demonstrated a 20% higher sales volume compared to non-co-branded stores. The lease expires April 30, 2034, leaving 9.5 years remaining on the initial term.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Converse
    County
    Miami
    State
    Indiana
    Longitude
    -85.8639966
    Latitude
    40.5777265
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    813 Marion St
    Converse, IN 46919
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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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