Property profile

225 Sawmill Rd Elwood, IN 46036

OFF-MARKET
Parking lots & garages
Property ID
US31-1398616
8,400 SF 5 ac lot Built 1994
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1994
Construction WOOD
Total area 8,400 SF
Lot 5 ac (217,800 SF)
APN 48-04-11-300-047.000-027
UPID US31-1398616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

225 Sawmill Rd Elwood, IN 46036
Elwood metro INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $800,000 +21.2%
Retail stores $795,000 +20.4%
Auto repair, garage $705,000 +6.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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