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Property profile & analytics
OFF-MARKET
Showrooms
5219 Elmwood Ave, Indianapolis, IN 46203-5916
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0671018
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Construction
METAL FRAME
Total area
8,500 SF
Lot
1.09 ac (47,481 SF)
Zoning code
ZO01
APN
49-10-34-128-006.000-302
UPID
US31-0671018
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
-
TRU Marble and Granite LLC Building Supply Hardware & Home Improvement
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
Tru Marble Holding Co LLC · 5 yrs held
Tru Marble Holding Co LLC
since 2021
6 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
$9,529
Tax year 2023
Assessed value
$251,500
Assessed 2023
Previous assessed
$251,500
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$156,700
Assessed improvement
$94,800
Land market value
$156,700
Improvement market value
$94,800
Total market value
$251,500
Applied tax rate
302.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1988
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
8,500 SF
Lot
1.09 ac (47,481 SF)
Zoning code
ZO01
APN
49-10-34-128-006.000-302
UPID
US31-0671018
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
1988
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Tru Marble Holding Co LLC
Entity
Mailing address
1720 YAZOO DR, BEECH GROVE, IN 46107-2621
Ownership since
2021
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
Jan 19, 2021
—
Tru Marble Holding Co LLC
—
Deed
related
$369,500 · First Fin'l Bk&tr
Jan 15, 2021
—
Tru Marble Holding Co LLC
Ivocor 2 LLC
Warranty Deed
$369,500 · First Financial Bank Fsb
Jul 30, 2020
—
Ivocor 2 LLC
Lucas Oil Products INC
Warranty Deed
$321,480 · Indiana Members Cu
Oct 14, 2014
—
Lucas Oil Products INC
Bellkins INC
Grant Deed
—
—
—
Bellkins INC
—
Deed Of Trust
related
$425,000 · Lucas Oil Products INC
—
—
Tru Marble Holding Co LLC
—
Deed Of Trust
related
$369,500 · First Fin'l Bk&tr
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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