886 Sycamore St Rockport, IN 47635-1108
Property Lookup
Property profile & analytics
886 Sycamore St Rockport, IN 47635-1108
- Banks
- 4,870 SF
- 0.55 lot acres
Property ID
US31-1899659
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.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 886 Sycamore St
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 0.55 lot acres
- Property size
- 4,870 SF
- Property type
- Banks
- APN
- 74-15-22-401-024.000-018
- APU
- 741522401024000018
Description
This exceptional investment opportunity presents a fee-simple ownership of a 4,600 square foot retail property, currently leased to Old National Bank under an absolute NNN lease. The lease commenced October 31, 2022, with a remaining term of approximately 2.9 years, extending to October 30, 2027, and includes a five-year option. The property, located at 886 Sycamore Street in Rockport, Indiana, 47635, sits on a 0.55-acre lot and is a single-story, 1986-built building with 100% occupancy. The asking price is $756,800, representing a compelling $164.52 per square foot and a 7.50% cap rate based on a Net Operating Income (NOI) of $56,760. Annual rent increases are tied to the Consumer Price Index (CPI). The tenant, Old National Bank, provides a corporate guarantee, ensuring financial stability. This strategically located property benefits from its proximity to numerous colleges and universities, as well as several apartment complexes, contributing to a strong and stable tenant base. The bank boasts strong deposits exceeding $54 million in 2023. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and attractive financial metrics.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Rockport
- County
- Spencer
- State
- Indiana
- Longitude
- -87.058
- Latitude
- 37.8926
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
$6,149
$31,700
$182,500
$214,200
-
$31,700
$182,500
$214,200
