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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
4018 High School Rd Indianapolis, IN 46241-6449
Entity Owned
~
Est. High Equity
Property ID
US31-1283154
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
WOOD
Total area
11,840 SF
Lot
2.64 ac (114,824 SF)
Zoning code
ZO01
APN
49-12-36-118-019.000-200
UPID
US31-1283154
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
-
Fitzharris Enterprises, Inc. Trucking Company
-
V RESTACK Warehouse & Storage
-
4018 S High School Rd Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$560k
Owner & transaction history
Midwest Enterprises LLC
Midwest Enterprises LLC
since 2025
5 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+84.8%
Retail stores
$885,000
+84.4%
Industrial (general)
$740,000
+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
$480,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +84% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$740,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$47 / 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
$16,420
Tax year 2023
Assessed value
$537,800
Assessed 2023
Previous assessed
$537,800
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$350,200
Assessed improvement
$187,600
Land market value
$350,200
Improvement market value
$187,600
Total market value
$537,800
Applied tax rate
200.0000
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
1981
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
11,840 SF
Lot
2.64 ac (114,824 SF)
Zoning code
ZO01
APN
49-12-36-118-019.000-200
UPID
US31-1283154
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
WAREHOUSE, STORAGE Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$885,000
RETAIL STORES
Est. value
$885,000
INDUSTRIAL (GENERAL)
Est. value
$740,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Midwest Enterprises LLC
Entity
Mailing address
11622 DARSLEY DR, FISHERS, IN 46037-8214
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Midwest Enterprises LLC
Indy Property Groups LLC
Special Warranty Deed
$300,000 · Indy Properties Group LLC
Sep 22, 2025
$1,300,000
Midwest Enterprises LLC
Indy Property Groups LLC
Special Warranty Deed
$300,000 · Indy Properties Group LLC
May 16, 2024
—
Indy Properties Groups LLC
Fitzharris Enterprises INC
Limited Warranty Deed
—
May 6, 2024
—
Indy Propertis Groups LLC
Fitzharis Enterprises INC
Limited Warranty Deed
$975,000 · Onco INC
—
—
Fitzharris Ents INC
—
Deed Of Trust
related
$403,348 · Regions Bank
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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