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Property profile & analytics
OFF-MARKET
Warehouses
1173 Airport Pkwy Greenwood, IN 46143-1089
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3233395
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2021
Construction
TYPE NOT SPECIFIED
Total area
24,000 SF
Lot
1.82 ac (79,453 SF)
APN
41-02-28-024-075.000-026
UPID
US31-3233395
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
-
mgzindy.com Take-out & Catering Grocery & Convenience Store
-
Smith Expo Marketing & Advertising Event Planning
-
Full Circle CrossFit Gym & Fitness Center
-
Advanced Rescue Solutions Training Center
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
1173 Airport Parkway LLC · 6 yrs held
1173 Airport Parkway LLC
since 2020
Last sale
$218,880
2 recorded transactions
Zoning & alternative use
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 Greenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwood 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
$10,517
Tax year 2023
Assessed value
$1,859,600
Assessed 2023
Previous assessed
$1,859,600
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$534,200
Assessed improvement
$1,325,400
Land market value
$534,200
Improvement market value
$1,325,400
Total market value
$1,859,600
Applied tax rate
26.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
24,000 SF
Lot
1.82 ac (79,453 SF)
APN
41-02-28-024-075.000-026
UPID
US31-3233395
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
1173 Airport Parkway LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1715 S FRANKLIN RD, INDIANAPOLIS, IN 46239-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
1173 Airport Parkway LLC
—
Deed
related
$2,028,312 · German American Bank Corp
Mar 6, 2020
$218,880
1173 Airport Parkway LLC
County Line Properties LLC
Special 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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