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Property profile & analytics
OFF-MARKET
Office Spaces
105 Meridian St Indianapolis, IN 46225-1016
Entity Owned
6-yr Hold
Free & Clear
Property ID
US31-1224246
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1920
Construction
CONCRETE
Total area
49,784 SF
Lot
0.3 ac (13,163 SF)
Zoning code
ZO01
APN
49-11-12-237-029.000-101
UPID
US31-1224246
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
-
Hampton Inn Indianapolis Downtown Across from Circle Centre Hotel & Motel
-
Garage thoughts media Theater & Performing Art Venue Music Venue
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
Phvif III Indianapolis LLC · 6 yrs held
Phvif III Indianapolis LLC
since 2020
Last sale
$29.8M
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
$299,484
Tax year 2023
Assessed value
$10,796,900
Assessed 2023
Previous assessed
$10,796,900
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$579,000
Assessed improvement
$10,217,900
Land market value
$579,000
Improvement market value
$10,217,900
Total market value
$10,796,900
Applied tax rate
101.0000
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
1920
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
9
Units
360
Total area
49,784 SF
Lot
0.3 ac (13,163 SF)
Zoning code
ZO01
APN
49-11-12-237-029.000-101
UPID
US31-1224246
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
9
Units
360
Lot
0.3 ac
Current owner
From public records · entity-resolved
Phvif III Indianapolis LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3500 LENOX RD NE STE #625, ATLANTA, GA 30326-4232
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
—
Phvif Ill Indianapolis LLC
—
Deed
related
$20,550,000 · Wells Fargo Bk
Jan 3, 2020
$29,825,000
Phvif III Indianapolis LLC
105 S Meridian INC
Grant Deed
—
May 11, 2017
—
105 S Meridian INC
—
Trustees Deed
related
$2,000,000 · Centier Bk
Sep 16, 2015
$970,000
105 S Meridian INC
Tws Management LLC
Grant Deed
—
Jan 19, 2007
—
105 S Meridian INC
—
Deed Of Trust
related
$14,000,000 · Bridger Commercial Funding LLC
—
—
Phvif Ill Indianapolis LLC
—
Deed Of Trust
related
$20,550,000 · Wells Fargo Bk
—
—
105 S Meridian INC
—
Deed Of Trust
related
$14,000,000 · Bridger Commercial Funding LLC
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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