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Property profile & analytics
OFF-MARKET
Assisted living facilities
3895 Keystone Ave Indianapolis, IN 46227-3540
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3513966
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
WOOD
Total area
25,469 SF
Lot
3.33 ac (144,881 SF)
APN
49-10-29-111-002.000-574
UPID
US31-3513966
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
-
Mr. Anil Karimilla Physician
-
Anil Karimilla, MHSPT Medical Clinic
-
The Waters of Indianapolis Nursing Home
-
Jean Knepshield Physician
-
Saundra M. Geiger, PTA Medical Clinic
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
South Keystone Avenue Rea 3895 · 13 yrs held
South Keystone Avenue Rea 3895
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$26,843
Tax year 2023
Assessed value
$1,055,700
Assessed 2023
Previous assessed
$1,055,700
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$315,600
Assessed improvement
$740,100
Land market value
$315,600
Improvement market value
$740,100
Total market value
$1,055,700
Applied tax rate
574.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
25,469 SF
Lot
3.33 ac (144,881 SF)
APN
49-10-29-111-002.000-574
UPID
US31-3513966
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
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
3.33 ac
Current owner
From public records · entity-resolved
South Keystone Avenue Rea 3895
Individual
Mailing address
240 FENCL LN, HILLSIDE, IL 60162-2067
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2020
—
3895 S Keystone Ave Realty LLC
—
Deed
related
$6,058,800 · Capital One NA
Sep 26, 2016
—
3895 South Keystone Avenue Rea
—
Deed
related
$6,058,800 · Capital One Multifamily Fin
Jan 4, 2013
—
South Keystone Avenue Rea 3895
3895 South Keystone Avenue LLC
Quit Claim Deed
related
$5,812,170 · Capital Funding INC
Jan 9, 2006
—
3895 South Keystone Avenue LLC
Hci Properties LLC
Grant Deed
$40,000,000 · Column Financial INC
—
—
South Keystone Avenue Rea 3895
—
Deed Of Trust
related
$6,058,800 · Beech Street Capital LLC
—
—
3895 S Keystone Ave Realty LLC
—
Loan Modification
related
$6,058,800 · Capital One NA
—
—
3895 South Keystone Avenue Rea
—
Loan Modification
related
$6,058,800 · Capital One Multifamily Fin
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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