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Property profile & analytics
OFF-MARKET
Automotive properties
5155 Pike Plz Rd Indianapolis, IN 46254-3004
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3515090
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Construction
METAL FRAME
Total area
765 SF
Lot
4.23 ac (184,307 SF)
Zoning code
ZO01
APN
49-06-18-108-003.000-674
UPID
US31-3515090
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
-
Ray Skillman Mitsubishi Westside Car Dealership
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
Ray Skillman Westside Imports · 22 yrs held
Ray Skillman Westside Imports
since 2004
5 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
$14,013
Tax year 2023
Assessed value
$657,300
Assessed 2023
Previous assessed
$657,300
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$275,300
Assessed improvement
$382,000
Land market value
$275,300
Improvement market value
$382,000
Total market value
$657,300
Applied tax rate
674.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Construction
METAL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
765 SF
Lot
4.23 ac (184,307 SF)
Zoning code
ZO01
APN
49-06-18-108-003.000-674
UPID
US31-3515090
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.
Building & site characteristics
From public records
Year built
2005
Construction
METAL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
4.23 ac
Current owner
From public records · entity-resolved
Ray Skillman Westside Imports
Individual
Free & Clear · 22 yrs held
Mailing address
8424 US 31, INDIANAPOLIS, IN 46227-6230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
May 18, 2004
—
Ray Skillman Westside Imports
Myers Family Realty LLC
Grant Deed
related
—
—
—
Ray Skillman Westside Imports
—
Deed Of Trust
related
$1,400,000 · J P Morgan Chase Bank
—
—
Ray Skillman Westside Imports
—
Deed Of Trust
related
$2,300,000 · J P Morgan Chase Bank
—
—
Ray Skillman Westside Imports
—
Loan Modification
related
$1,558,888 · J P Morgan Chase Bank
—
—
Ray Skillman Westside Imports
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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