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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Office Spaces
959 4th St Marion, IN 46952-4079
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-1524409
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
16,872 SF
Lot
1.62 ac (70,567 SF)
APN
27-07-05-403-002.001-002
UPID
US31-1524409
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
-
Insurance Management Group Insurance Agency
-
Brewer Tia Law Firm
-
Underwriters Alliance of Indiana, Inc. Financial Advisor Insurance Agency
-
3rd Level Leadership Real Estate Agency
-
Quigly Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.35M
Owner & transaction history
Dailey Real Estate LLC · 7 yrs held
Dailey Real Estate LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+77.1%
Apartment house (5+ units)
$1.6M
+76.9%
Auto repair, garage
$1.3M
+43.2%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
COMMERCIAL (GENERAL)
$905,000
Current use
RESTAURANT
$1,605,000
Change: +77% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,605,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,295,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$80 / 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
$25,077
Tax year 2023
Assessed value
$835,900
Assessed 2023
Previous assessed
$835,900
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$89,400
Assessed improvement
$746,500
Land market value
$89,400
Improvement market value
$746,500
Total market value
$835,900
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
16,872 SF
Lot
1.62 ac (70,567 SF)
APN
27-07-05-403-002.001-002
UPID
US31-1524409
Jurisdiction
GRANT
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
COMMERCIAL (GENERAL) Current
Est. value
$905,000
RESTAURANT
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
1.62 ac
Current owner
From public records · entity-resolved
Dailey Real Estate LLC
Entity
Mailing address
959 E 4TH ST, MARION, IN 46952-4079
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Trent M Dailey
—
Deed
related
$950,000 · Grant County State Bank
Dec 17, 2019
—
Dailey Real Estate LLC
—
Deed
related
$804,000 · First Farmers Bank & Trust
Mar 7, 2019
—
Dailey Real Estate LLC
Feighner Insurance INC
Corporation Deed
—
Oct 15, 2013
—
Feighner Insurance INC
Dockside Investments LLC
Warranty Deed
$1,500,000 · Star Financial Bank
Apr 15, 2008
—
Feighner Insurance INC
Crumb Management LLC
Warranty Deed
$960,000 · Old National Bank
Jan 16, 2007
—
Crumb Management LLC
Highland Realty LLC
Warranty Deed
$4,250,000 · Old National Bank
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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