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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
1951 Edgewood Ave Indianapolis, IN 46217-9678
Entity Owned
10-yr Hold
Property ID
US31-3552334
Property profile
Verified
Property type
Mobile home & RV parks
Use group
CAMPGROUND, RV PARK
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,690 SF
Lot
16.34 ac (711,726 SF)
Zoning code
ZO01
APN
49-14-10-105-003.000-500
UPID
US31-3552334
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
-
J.B.T Stores Custom T-Shirt Store
-
Peak Home Improvements Construction Company General Contractor
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
Lake Haven LLC · 10 yrs held
Lake Haven LLC
since 2016
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
$22,204
Tax year 2023
Assessed value
$794,700
Assessed 2023
Previous assessed
$794,700
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$727,800
Assessed improvement
$66,900
Land market value
$727,800
Improvement market value
$66,900
Total market value
$794,700
Applied tax rate
500.0000
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
Mobile home & RV parks
Use group
CAMPGROUND, RV PARK
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
2
Total area
2,690 SF
Lot
16.34 ac (711,726 SF)
Zoning code
ZO01
APN
49-14-10-105-003.000-500
UPID
US31-3552334
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
2
Lot
16.34 ac
Current owner
From public records · entity-resolved
Lake Haven LLC
Entity
Mailing address
1951 W EDGEWOOD AVE, INDIANAPOLIS, IN 46217-9678
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
Lake Haven LLC
—
Deed
related
$1,200,000 · Citizens Bank
May 17, 2016
—
Lake Haven LLC
Randy Faulkner & Assocs INC
Grant Deed
$1,525,000 · Bloombank
Jan 6, 2014
—
Randy Faulkner & Assocs INC
Lake Haven Retreat LLC
Warranty Deed
related
—
Jan 6, 2006
—
Lake Haven Retreat LLC
Arlene Sutton Family LLC
Warranty Deed
$64,000 · Lincoln Bank
—
—
Randy Faulkner & Assocs INC
—
Deed Of Trust
related
$1,750,000 · Indiana Members Cu
—
—
Lake Haven Retreat LLC
—
Deed Of Trust
related
$355,000 · Citizens Federal Bank Fsb
—
—
Randy Faulkner & Assocs INC
—
Loan Modification
related
$3,050,000 · Indiana Members Cu
—
—
Lake Haven Retreat LLC
—
Deed Of Trust
related
$170,000 · Citizens Federal Bank Fsb
—
—
Lake Haven Retreat LLC
—
Deed Of Trust
related
$2,700,000 · Citizens Federal Bank Fsb
—
—
Lake Haven Retreat LLC
—
Deed Of Trust
related
$160,000 · Citizens Federal Bank Fsb
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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