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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
1925 Shelby St Indianapolis, IN 46203-4073
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0873060
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
25,733 SF
Lot
2.06 ac (89,849 SF)
Zoning code
ZO01
APN
49-10-18-130-026.000-101
UPID
US31-0873060
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
-
SafeCare General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$535k
Owner & transaction history
Brewer Facilities LLC · 4 yrs held
Brewer Facilities LLC
since 2022
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
Method
Estimation
Statistic approach
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$21 / 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
$14,851
Tax year 2023
Assessed value
$535,400
Assessed 2023
Previous assessed
$535,400
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$90,400
Assessed improvement
$445,000
Land market value
$90,400
Improvement market value
$445,000
Total market value
$535,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
25,733 SF
Lot
2.06 ac (89,849 SF)
Zoning code
ZO01
APN
49-10-18-130-026.000-101
UPID
US31-0873060
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
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Brewer Facilities LLC
Entity
Mailing address
1925 SHELBY ST, INDIANAPOLIS, IN 46203-4073
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Brewer Facilities LLC
—
Deed
related
$1,250,000 · Stock Yards Bank & Trust Co
Jul 25, 2022
—
Brewer Facilities LLC
1925 Shelby LLC
Warranty Deed
$1,460,500 · Stock Yards Bank & Trust Co
Oct 15, 2018
—
1925 Shelby LLC
Central Indiana Properties LLC
Warranty Deed
$1,320,000 · Bmo Harris Bank NA
Dec 2, 2016
—
Central Indiana Props Ltd Liab
—
Deed
related
$1,237,696 · Community St Bk
Mar 26, 2014
—
Central Indiana Properties Limited
A L E Realty Company LLC
Special Warranty Deed
$816,000 · Community State Bank
Jun 26, 2012
—
Ale Realty Co LLC
Indianapolis Hsng Agcy
Quit Claim Deed
related
—
—
—
Central Indiana Props Ltd Liab
—
Deed Of Trust
related
$1,237,696 · Community St Bk
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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