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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Parking lots & garages
10701 Deandra Dr Zionsville, IN 46077-9251
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2252629
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2000
Construction
METAL FRAME
Total area
6,240 SF
Lot
0.88 ac (38,115 SF)
Zoning code
ZO01
APN
06-04-01-000-001.011-006
UPID
US31-2252629
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$650k
Owner & transaction history
Steve A Imel · 1 yrs held
Steve A Imel
since 2024
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
ZO01 · Zionsville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CHAPTER 194: ZONING
Top alternative use upside
Restaurant
$635,000
+28.4%
Auto repair, garage
$545,000
+10.3%
Retail stores
$535,000
+8.6%
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 Zionsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zionsville 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$495,000
Current use
RESTAURANT
$635,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$535,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$465,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Sep 6 2024)
Last sale anchor
$650k
Sep 6 2024
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
$104 / 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
$4,554
Tax year 2023
Assessed value
$225,600
Assessed 2023
Previous assessed
$225,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$70,000
Assessed improvement
$155,600
Land market value
$70,000
Improvement market value
$155,600
Total market value
$225,600
Applied tax rate
19.0000
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 GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2000
Construction
METAL FRAME
Heating
YES
Stories
1
Total area
6,240 SF
Lot
0.88 ac (38,115 SF)
Zoning code
ZO01
APN
06-04-01-000-001.011-006
UPID
US31-2252629
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Zionsville, INZoning ZO01 · permitted uses
ZO01 · Zionsville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 194: ZONING
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$495,000
RESTAURANT
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$545,000
RETAIL STORES
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$465,000
PARKING LOT Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2000
Construction
METAL FRAME
Heating
YES
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Steve A Imel
Individual
Free & Clear · 1 yrs held
Mailing address
819 BENNETT RD, CARMEL, IN 46032-5252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 6, 2024
$650,000
Steve A Imel
Fermin E Akers
Warranty Deed
—
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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