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Property profile & analytics
OFF-MARKET
Strip malls
1045 Raceway Rd Indianapolis, IN 46234-9652
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US31-1193985
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
WOOD
Total area
6,500 SF
Lot
0.81 ac (35,240 SF)
APN
49-05-33-127-006.000-900
UPID
US31-1193985
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
-
Victory Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Low Bob's Discount Tobacco (Bike/Boat/Book/etc) Store
-
ATM Atm
-
Jax Spa Nail Salon
-
Low Bob's Tobacco #1053 (Bike/Boat/Book/etc) Store
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
Avon Town Indiana
Avon Town Indiana
since 2025
6 recorded transactions
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 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
$18,642
Tax year 2023
Assessed value
$556,500
Assessed 2023
Previous assessed
$556,500
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$290,700
Assessed improvement
$265,800
Land market value
$290,700
Improvement market value
$265,800
Total market value
$556,500
Applied tax rate
900.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,500 SF
Lot
0.81 ac (35,240 SF)
APN
49-05-33-127-006.000-900
UPID
US31-1193985
Jurisdiction
MARION
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
2002
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Avon Town Indiana
Individual
Mailing address
10819 DITCH RD, CARMEL, IN 46032-8714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 28, 2025
$3,450
Avon Town Indiana
Reeder Real Estate Holdings LLC
Warranty Deed
—
Jul 10, 2019
—
Reeder R & E Hldgs LLC
Reeder,john D & Norma M
Quit Claim Deed
related
$4,540,000 · National Bk/indianapolis
Feb 8, 2018
—
John D Reeder
—
Deed
related
$500,000 · First Financial Bank Fsb
Jul 31, 2014
—
John D Reeder
—
Grant Deed
related
$3,215,000 · First Fin'l Bk&tr
Mar 20, 2008
—
John D Reeder
Reeder,stephanie J
Quit Claim Deed
related
—
—
—
John D Reeder
—
Deed Of Trust
related
$2,282,000 · Forum Cu
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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