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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Warehouses
13720 118th St Fishers, IN 46037-9073
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3246414
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
57,120 SF
Lot
3.5 ac (152,460 SF)
APN
29-11-35-000-028.000-020
UPID
US31-3246414
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
-
Public Storage Storage Facility
-
BHR Construction Services Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.60M
Owner & transaction history
Ps Mid-west Two LLC · 6 yrs held
Ps Mid-west Two LLC
since 2019
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 Fishers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fishers 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%
$8,095,000
6.5%
$7,470,000
7%
$6,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,235,000
Current use
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±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
$98 / 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
$103,953
Tax year 2023
Assessed value
$4,905,400
Assessed 2023
Previous assessed
$4,905,400
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,190,000
Assessed improvement
$3,715,400
Land market value
$1,190,000
Improvement market value
$3,715,400
Total market value
$4,905,400
Applied tax rate
20.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
5
Stories
2
Total area
57,120 SF
Lot
3.5 ac (152,460 SF)
APN
29-11-35-000-028.000-020
UPID
US31-3246414
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.2M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
5
Lot
3.5 ac
Current owner
From public records · entity-resolved
Ps Mid-west Two LLC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 26, 2019
$10,500,000
Ps Mid-west Two LLC
Ip3 Af Olio LLC
Grant Deed
—
Sep 20, 2018
—
Ip3 Af Ohio LLC
—
Deed
related
$4,895,000 · A10 Cap
Jun 1, 2018
—
Ip3 Af Olio LLC
Depot Olio Roadllc
Grant Deed
$5,100,000 · Storage Depot Olio Road LLC
May 15, 2017
—
Storage Depot Olio Road LLC
—
Deed
related
$5,100,000 · Star Fin'l
Dec 28, 2016
—
Storage Depot Olio Road LLC
French Property Management LLC
Special Warranty Deed
—
Jun 7, 2016
$260,000
French Property Management LLC
Rice R E & M Living Trust
Warranty Deed
—
—
—
Rick E Rice
—
Deed Of Trust
related
$108,500 · Forum Cu
—
—
Storage Depot Olio Road LLC
—
Deed Of Trust
related
$5,100,000 · Star Fin'l
—
—
Ip3 Af Ohio LLC
—
Deed Of Trust
related
$4,895,000 · A10 Cap
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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