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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
820 Trl Rdg Rd Albion, IN 46701-1535
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-2234094
Property summary
AI-generated overview
This exceptional investment opportunity presents a fee-simple, Class A, 9,100 square foot Dollar General convenience store located at 820 Trail Ridge Rd, Albion, Indiana, 46701. The property sits on a 1.04-acre lot and is zoned CG (Commercial General). Currently operating under a Net Net (NN) lease with a remaining term of 3.2 years (expiring January 30, 2028), this single-tenant property boasts 100% occupancy. Built in 2004, the building has consistently performed well, evidenced by three consecutive five-year lease renewals by Dollar General. The asking price is $750,000, translating to $82.42 per square foot. The property features ample parking and is situated in a high-traffic area with a favorable demographic profile. Potential exists for lease term extensions beyond the current expiration date. This is a strong investment opportunity due to the established tenant, long lease history, and prime location within Albion, Indiana. The property offers a secure and lucrative return for years to come.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD
Total area
8,920 SF
Lot
1.04 ac (45,302 SF)
APN
57-13-18-400-012.000-002
UPID
US31-2234094
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
$525k
Owner & transaction history
FREELAND GROUP
FREELAND GROUP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+21.9%
Auto repair, garage
$715,000
+1.4%
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 Albion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albion 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
RESTAURANT
$855,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$715,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$635,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
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
$8,118
Tax year 2023
Assessed value
$369,500
Assessed 2023
Previous assessed
$369,500
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$31,700
Assessed improvement
$337,800
Land market value
$31,700
Improvement market value
$337,800
Total market value
$369,500
Applied tax rate
14.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,920 SF
Lot
1.04 ac (45,302 SF)
APN
57-13-18-400-012.000-002
UPID
US31-2234094
Jurisdiction
NOBLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$705,000
RESTAURANT
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$635,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
FREELAND GROUP
Entity
Free & Clear · 0 yrs held
Mailing address
8299 S RDG RD, BOWLING GREEN, OH 43402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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