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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Office Spaces
11644 Michigan Rd Zionsville, IN 46077-9324
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-2060073
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1924
Construction
WOOD
Total area
5,660 SF
Lot
0.86 ac (37,462 SF)
Zoning code
ZO01
APN
06-08-36-000-002.000-006
UPID
US31-2060073
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
-
Touchstone Media Group (Bike/Boat/Book/etc) Store Corporate Office
-
Insignia window General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Gentech Associates INC · 3 yrs held
Gentech Associates INC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
ZO01 · Zionsville, 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 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
$975,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.21M (Nov 15 2022)
Last sale anchor
$1.21M
Nov 15 2022
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
$202 / 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
$19,308
Tax year 2023
Assessed value
$956,500
Assessed 2023
Previous assessed
$956,500
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$86,000
Assessed improvement
$870,500
Land market value
$86,000
Improvement market value
$870,500
Total market value
$956,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Rooms
10
Bathrooms
1
Total area
5,660 SF
Lot
0.86 ac (37,462 SF)
Zoning code
ZO01
APN
06-08-36-000-002.000-006
UPID
US31-2060073
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
Building & site characteristics
From public records
Year built
1924
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Gentech Associates INC
Entity
Mailing address
9100 PURDUE RD STE #200, INDIANAPOLIS, IN 46268-3165
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
Nov 15, 2022
$1,210,000
Gentech Associates INC
Aprx Energy Group LLC
Limited Warranty Deed
$2,000,000 · Us Small Business Admn
Nov 7, 2007
—
New Boston Ventures LLC
Pickett Fence Properties LLP
Warranty Deed
—
Apr 7, 2006
—
Picket Fence Properties LLP
Margaret Anderson
Quit Claim Deed
$360,000 · Ace Mortgage Funding LLC
May 27, 2005
—
Daniel F Mahaney
Stanley C Ketner
Warranty Deed
$200,000 · The National Bank Of Indianapolis
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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