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Property profile & analytics
OFF-MARKET
Residential income homes
1302 Belmont Ave, Indianapolis, IN 46221-1500
Individually Owned
3-yr Hold
Property ID
US31-0006667
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
WOOD
Total area
3,100 SF
Lot
0.14 ac (6,098 SF)
APN
49-11-16-111-059.000-901
UPID
US31-0006667
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
Nolan Jangaard · 3 yrs held
Nolan Jangaard
since 2022
Last sale
$215,000
7 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 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
$1,134
Tax year 2023
Assessed value
$47,800
Assessed 2023
Previous assessed
$47,800
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$6,400
Assessed improvement
$41,400
Land market value
$6,400
Improvement market value
$41,400
Total market value
$47,800
Applied tax rate
901.0000
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 homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
HOT WATER
Stories
2
Units
4
Rooms
9
Bathrooms
2
Total area
3,100 SF
Lot
0.14 ac (6,098 SF)
APN
49-11-16-111-059.000-901
UPID
US31-0006667
Jurisdiction
MARION
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
1900
Construction
WOOD
Heating
HOT WATER
Stories
2
Units
4
Rooms
9
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Nolan Jangaard
Individual
Mailing address
12 STELLAR ISLE, LADERA RANCH, CA 92694-1383
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$215,000
Nolan Jangaard
Robert W Morrison
Warranty Deed
$161,250 · Us Bank NA
Dec 9, 2020
—
Robert W Morrison
Invictus Real Estate Group LLC
Warranty Deed
$123,750 · Security National Mortgage Co
Oct 5, 2020
—
Invictus Real Estate Group LLC
Las Investments LLC
Quit Claim Deed
related
—
Mar 25, 2019
$35,000
Las Investments LLC
Indy Investments LLC
Warranty Deed
—
Mar 21, 2019
$21,000
Indy Investments LLC
Rls Dev LLC
Warranty Deed
—
Oct 11, 2016
$95,000
Rls Dev LLC
Oceanpointe Investments Ltd
Warranty Deed
—
Oct 11, 2016
—
Oceanpointe Investments Ltd
Harless,jack L & Judy M
Warranty Deed
—
Apr 21, 2014
—
Jack L Harless
Harless,jack L & Judy M
Quit Claim Deed
related
—
Nov 6, 2013
—
Jack L Harless
Harless,jack L & Judy M
Quit Claim 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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