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Property profile & analytics
FOR SALE
Residential income properties
116 E Raymond St Indianapolis, IN 46225
Entity Owned
3-yr Hold
Free & Clear
Property ID
US31-0677310
For Sale
1 / 3
$60,000
116 E Raymond St, Indianapolis, IN 46225
View Listing →
Property summary
AI-generated overview
This is a cleared residential lot located in Indianapolis, Indiana, encompassing 0.11 acres. It is zoned for residential use and suitable for construction.
Property profile
Verified
Property type
Residential income properties
Use group
VACANT COMMERCIAL LAND
Lot
0.11 ac (4,946 SF)
Zoning code
ZO01
APN
49-11-13-111-011.000-101
UPID
US31-0677310
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
Freedom Fund LLC · 3 yrs held
Freedom Fund LLC
since 2022
Last sale
$16,000
4 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
$316
Tax year 2023
Assessed value
$11,400
Assessed 2023
Previous assessed
$11,400
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$11,400
Land market value
$11,400
Total market value
$11,400
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
Residential income properties
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
0.11 ac (4,946 SF)
Zoning code
ZO01
APN
49-11-13-111-011.000-101
UPID
US31-0677310
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
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Freedom Fund LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2801 FAIRVIEW PL, GREENWOOD, IN 46142-1310
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
$16,000
Freedom Fund LLC
Jesus A Gomez Lerma
Warranty Deed
—
Apr 12, 2017
$2,000
Jesus A G Lerma
Marion Cnty Board Of Commissioner
Quit Claim Deed
related
—
Apr 11, 2017
—
Marion County
Auditor Of Marion County|manuel,tom
Tax Deed
related
—
Jan 7, 2008
$3,160
Tom Manuel
Auditor Of Marion County
Tax 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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