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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Strip malls
930 Main St Boonville, IN 47601-1591
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-2822928
Property summary
AI-generated overview
This exceptional retail opportunity is located at 930 W Main Street in Boonville, Indiana, within the vibrant Cypress Center. The property boasts a total of 26,597 square feet, currently featuring 6,000 square feet of vacant space. This space, previously occupied by Simply Home Store, offers a flexible layout adaptable to various retail needs. A pre-existing retail counter and a small storage area with an overhead door for convenient deliveries are included. The property is zoned C-2 and sits on a generous 2.3 acres of land (APN: 87-09-34-200-201.000-003). The minimum divisible space is 2,000 square feet, allowing for the possibility of dividing the vacant space into smaller suites to accommodate multiple tenants. This prime location in the Boonville submarket of Warrick County offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving retail environment. The property is ready for immediate occupancy and presents a unique chance to establish or expand your retail presence in a desirable Indiana community. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
24,176 SF
Lot
2.23 ac (97,008 SF)
APN
87-09-34-200-201.000-003
UPID
US31-2822928
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
-
Warrick County Schools - Central Services Building School District Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$630k
Owner & transaction history
Boonville Indian 2 0 Retail LLC · 7 yrs held
Boonville Indian 2 0 Retail LLC
since 2019
1 recorded transaction
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
Method
Estimation
Statistic approach
by Request
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$26 / 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
$20,670
Tax year 2023
Assessed value
$689,000
Assessed 2023
Previous assessed
$689,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$230,400
Assessed improvement
$458,600
Land market value
$230,400
Improvement market value
$458,600
Total market value
$689,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
24,176 SF
Lot
2.23 ac (97,008 SF)
APN
87-09-34-200-201.000-003
UPID
US31-2822928
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
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Boonville Indian 2 0 Retail LLC
Entity
Mailing address
8060 WYNGATE CIR, NEWBURGH, IN 47630-2153
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2019
—
Boonville Indian 2 0 Retail LLC
Boonville Indiana 2 0 Retail LLC
Quit Claim Deed
related
$500,000 · Firstbank
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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