Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,205,000
Office Spaces
3020 Nowland Ave Indianapolis, IN 46201-1422
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US31-0226141
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1957
Construction
WOOD
Total area
50,763 SF
Lot
8.89 ac (387,345 SF)
Zoning code
ZO01
APN
49-07-32-193-182.000-101
UPID
US31-0226141
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
-
Paramount Brookside High School
-
Brookside Lodge F & AM Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.49M
Comparable Approach
Comparable
$7.01M
Blend (final)
Blend
$7.21M
Owner & transaction history
Paramount Sch Of Excellence INC · 13 yrs held
Paramount Sch Of Excellence INC
since 2013
6 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+172.9%
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%
$10,280,000
6.5%
$9,490,000
7%
$8,810,000
Alternative Use
Use
Estimation
RESTAURANT
$10,580,000
Change: +173% · Conversion: Difficult
Blend value · Realmo final
$7.21M
Range $6.48M – $7.93M · ±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
$142 / 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
Assessed value
$7,078,100
Assessed 2023
Previous assessed
$7,078,100
+0.0% YoY
Assessed land
$700,900
Assessed improvement
$6,377,200
Land market value
$700,900
Improvement market value
$6,377,200
Total market value
$7,078,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
2
Total area
50,763 SF
Lot
8.89 ac (387,345 SF)
Zoning code
ZO01
APN
49-07-32-193-182.000-101
UPID
US31-0226141
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.6M
RESTAURANT
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
1957
Construction
WOOD
Heating
NONE
Stories
2
Lot
8.89 ac
Current owner
From public records · entity-resolved
Paramount Sch Of Excellence INC
Entity
Mailing address
3020 NOWLAND AVE, INDIANAPOLIS, IN 46201-1422
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
—
Paramount School Of Excellence INC
—
Deed
related
$11,521,111 · Umb Bank NA
Jun 27, 2013
$5,427,498
Paramount Sch Of Excellence INC
Csdc Paramount LLC
Warranty Deed
related
$4,450,000 · National Bk/indianapolis
Aug 6, 2010
—
Csdc Paramount LLC
Charter Schools Dev Corp
Warranty Deed
$3,800,000 · National Bank Indianapolis
Oct 16, 2009
$300,000
Charter Schools Dev Corp
Masonic Ldg No 720 F Brookside
Warranty Deed
—
—
—
Paramount Sch Of Excellence INC
—
Deed Of Trust
related
$5,175,000 · National Bk/indianapolis
—
—
Paramount Sch Of Excellence INC
—
Deed Of Trust
related
$1,499,900 · Iff
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3020 Nowland Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
