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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Warehouses
1125 32nd St Indianapolis, IN 46205-4024
Entity Owned
3-yr Hold
Free & Clear
Property ID
US31-0896514
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Construction
WOOD
Total area
65,350 SF
Lot
1.33 ac (57,935 SF)
Zoning code
ZO01
APN
49-07-19-132-157.000-101
UPID
US31-0896514
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
$1.13M
Blend (final)
Blend
$295k
Owner & transaction history
Department Of Public Works City Of · 3 yrs held
Department Of Public Works City Of
since 2023
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
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
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
$5 / 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
$15,048
Tax year 2023
Assessed value
$542,500
Assessed 2023
Previous assessed
$542,500
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$99,900
Assessed improvement
$442,600
Land market value
$99,900
Improvement market value
$442,600
Total market value
$542,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
NONE
Stories
2
Total area
65,350 SF
Lot
1.33 ac (57,935 SF)
Zoning code
ZO01
APN
49-07-19-132-157.000-101
UPID
US31-0896514
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
1900
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Department Of Public Works City Of
Entity
Free & Clear · 3 yrs held
Mailing address
8555 RIV RD STE #220, INDIANAPOLIS, IN 46240-4304
Ownership since
2023
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
Aug 22, 2024
—
Avip Capital LLC
—
Deed
related
$3,000,000 · Job Capital LLC
Sep 1, 2023
—
Monon 32 LLC
—
Deed
related
$750,000 · Job Capital LLC
Mar 6, 2023
—
Department Of Public Works City Of
Monon 32 LLC
Quit Claim Deed
related
—
Jul 25, 2022
—
Monon 32 LLC
Avip Capital LLC
Special Warranty Deed
—
Feb 24, 2022
—
Avip Capital LLC
Arshad M Moghul
Special Warranty Deed
—
Jun 23, 2016
—
Arshad M Moghul
Moghul,bashir A
Quit Claim Deed
related
—
Jun 17, 2004
—
Bashir A Moghul
Manis,ronald D & Janice S
Warranty Deed
related
—
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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