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Property profile & analytics
OFF-MARKET
Industrial land
1802 Cornell Ave Indianapolis, IN 46202-1824
Individually Owned
2-yr Hold
Free & Clear
Property ID
US31-3249292
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1900
Total area
1,012 SF
Lot
0.19 ac (8,460 SF)
Zoning code
ZO01
APN
49-06-36-172-001.000-101
UPID
US31-3249292
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
Lyle Patrick Fettig JR · 2 yrs held
Lyle Patrick Fettig JR
since 2024
Last sale
$100,000
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, 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 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
$613
Tax year 2023
Assessed value
$22,100
Assessed 2023
Previous assessed
$22,100
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$22,100
Land market value
$22,100
Total market value
$22,100
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1900
Heating
HOT WATER
Stories
1
Rooms
8
Total area
1,012 SF
Lot
0.19 ac (8,460 SF)
Zoning code
ZO01
APN
49-06-36-172-001.000-101
UPID
US31-3249292
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1900
Heating
HOT WATER
Stories
1
Rooms
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
Lyle Patrick Fettig JR
Individual
Free & Clear · 2 yrs held
Mailing address
4922 CARROLLTON AVE, INDIANAPOLIS, IN 46205-1126
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$100,000
Lyle Patrick Fettig JR
Properties By Zoom LLC
Warranty Deed
—
Aug 3, 2023
—
Properties By Zoom LLC
G & G Metal Spinners INC
Warranty Deed
—
Oct 17, 2007
—
G & G Metal Spinners INC
Young,kenneth T
Quit Claim Deed
related
—
Oct 1, 2007
—
Kenneth T Young
Bear Stearns Asset Backed Secs
Grant Deed
—
Feb 28, 2007
$31,500
Bear Stearns Asset B 2005-he11
Sheriff Of Marion County
Trustees Deed
related
—
Jul 11, 2005
—
Michelle Miller
Bowles Group LLC
Warranty Deed
$59,500 · Argent Mortgage Co LLC
Jan 20, 2005
—
Aspen Group LLC
Michiana Campgrounds LLC
Quit Claim Deed
related
—
Jan 20, 2005
$2,311
Michiana Campgrounds LLC
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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