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Property profile & analytics
OFF-MARKET
Parking lots & garages
549 Shadeland Ave Indianapolis, IN 46219-4818
Entity Owned
10-yr Hold
Free & Clear
Property ID
US31-0605951
Property summary
AI-generated overview
This exceptional 0.68-acre commercial land parcel, located at 549 N. Shadeland Ave. in Indianapolis, Indiana, presents a unique investment opportunity. Situated in Marion County, with zip code 46219, this property boasts a highly desirable C4/Intensive Commercial zoning designation, making it suitable for a wide range of commercial ventures. The lot's size offers ample space for development, and its strategic location provides excellent visibility and accessibility. The property's APN is 49-10-01-114-006.000-770. With a daily traffic count of 21,738 vehicles, this location ensures high exposure for any business. The asking price for this 0.68-acre site is $306,000. Its proximity to I-465 further enhances its appeal, providing convenient access to major transportation routes. This property is perfect for businesses requiring high visibility and convenient access, such as banks, drive-thrus, or automotive-related businesses. Don't miss this chance to acquire a prime commercial lot in a thriving Indianapolis location.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1992
Total area
25,025 SF
Lot
0.68 ac (29,534 SF)
Zoning code
ZO01
APN
49-10-01-114-006.000-770
UPID
US31-0605951
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
by Request
Owner & transaction history
549 North Shadeland Avenue LLC · 10 yrs held
549 North Shadeland Avenue LLC
since 2015
2 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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 Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,134
Tax year 2023
Assessed value
$143,900
Assessed 2023
Previous assessed
$143,900
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$130,000
Assessed improvement
$13,900
Land market value
$130,000
Improvement market value
$13,900
Total market value
$143,900
Applied tax rate
770.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1992
Heating
NONE
Stories
5
Total area
25,025 SF
Lot
0.68 ac (29,534 SF)
Zoning code
ZO01
APN
49-10-01-114-006.000-770
UPID
US31-0605951
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
5
Lot
0.68 ac
Current owner
From public records · entity-resolved
549 North Shadeland Avenue LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 887, CARMEL, IN 46082-0887
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2015
$60,000
549 North Shadeland Avenue LLC
Joseph P F Roth
Quit Claim Deed
related
—
Jun 7, 2004
—
Brc Eastgate LLC
Eastgate Outparcels LLC
Quit Claim Deed
related
$500,000 · Georgian 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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