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Property profile & analytics
OFF-MARKET
Estimated value
$5,895,000
Warehouses
2515 Holt Rd Indianapolis, IN 46241-5354
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0630570
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
141,785 SF
Lot
8.54 ac (372,133 SF)
APN
49-11-20-102-013.000-970
UPID
US31-0630570
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
-
Area Transportation Co Trucking Company
-
Covantaa Metal Shop Factory Production Facility
-
Reworld™ Indianapolis MPF Waste Management Facility Hazardous Waste Disposal
-
Ads Logistics LLC Warehouse & Storage
-
Roll & Hold Division Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.57M
Blend (final)
Blend
$5.90M
Owner & transaction history
Holt Road Investors LLC · 1 yrs held
Holt Road Investors LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.9M
+54.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,745,000
Current use
INDUSTRIAL (GENERAL)
$8,855,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$5.90M
Range $5.31M – $6.48M · ±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
$42 / 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
$199,611
Tax year 2023
Assessed value
$5,958,900
Assessed 2023
Previous assessed
$5,958,900
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$716,400
Assessed improvement
$5,242,500
Land market value
$716,400
Improvement market value
$5,242,500
Total market value
$5,958,900
Applied tax rate
970.0000
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
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
141,785 SF
Lot
8.54 ac (372,133 SF)
APN
49-11-20-102-013.000-970
UPID
US31-0630570
Jurisdiction
MARION
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
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
8.54 ac
Current owner
From public records · entity-resolved
Holt Road Investors LLC
Entity
Free & Clear · 1 yrs held
Mailing address
25 INT 598TH ATLANT RD, NEW YORK, NY 10018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
—
Holt Road Investors LLC
Grand Concourse Davidson Associates
Special Warranty Deed
—
Dec 17, 2018
—
2513 Holt Venture LLC
—
Grant Deed
related
$3,365,950 · Schaumburg Bk&tr Co NA
Dec 14, 2018
—
2513 Holt Venture LLC
2513-2515 S Holt Road Hldgs Ll
Quit Claim Deed
—
Jun 10, 2014
$2,700,000
South Holt Road Hold 2513-2515
Sheriff Of Marion County
Trustees Deed
related
—
Jun 1, 2010
—
Holt Road LLC
—
Deed Of Trust
related
$5,094,240 · 2513-2515 Holt Road Holdings L
Jan 3, 2007
—
Holt Road LLC
Westminster Rh Indy LLC
Special Warranty Deed
$25,000 · Wachovia Bank NA
Nov 17, 2006
—
Westminster Rh Indy LLC
Vogl Investment
Grant Deed
—
Feb 7, 2006
—
Westminster Rh Indy LLC
Vogl Investment
Grant Deed
—
May 16, 2005
—
Westminster Rh Indy LLC
Vogl Investment
Grant Deed
—
Apr 7, 2005
—
Westminster Rh Indy LLC
Vogl Investment
Grant Deed
related
—
May 18, 2004
—
Westminster Rh Indy LLC
Vogl Investment
Grant Deed
related
—
Feb 13, 2004
—
Westminster Rh Indy LLC
Vogl Investment
Grant 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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