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Property profile & analytics
OFF-MARKET
Commercial real estate
5299 700 McCordsville, IN 46055
Individually Owned
Property ID
US31-0955049
Property summary
AI-generated overview
This exceptional 35-acre commercial and industrial land parcel presents a remarkable development opportunity in McCordsville, Indiana. Located at 5299 N 700 W, Hancock County, and boasting a desirable McCordsville address (zip code 46055), this flat, easily accessible site offers significant potential. The property is zoned within a planned business park, as outlined in the county's comprehensive plan, allowing for a variety of uses, including multifamily residential and small-to-medium footprint flex/industrial development. This makes it ideal for a master-planned mixed-use development. Utilities are conveniently located nearby, and the site benefits from quick access to Interstate 70, ensuring excellent connectivity. The asking price for this prime development ground is $7,200,000. The APN numbers are 30-05-01-300-010.000-006
Property profile
Verified
Property type
Commercial real estate
Lot
35 ac (1,524,600 SF)
APN
30-05-01-300-010.000-006; 30-05-01-300-013.000-006; 30-05-01-300-019.000-006
UPID
US31-0955049
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
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
Raymond J Hansen
Raymond J Hansen
since 2025
6 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 McCordsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs McCordsville 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
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
Commercial real estate
Status
Off-Market
Lot
35 ac (1,524,600 SF)
APN
30-05-01-300-010.000-006; 30-05-01-300-013.000-006; 30-05-01-300-019.000-006
UPID
US31-0955049
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
Lot
35 ac
Current owner
From public records · entity-resolved
Raymond J Hansen
Individual
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Raymond J Hansen
Rebecca Brannon
Deed
—
Sep 3, 2025
$3,887,981
Clayton Properties Group INC
Raymond J Hansen
Warranty Deed
—
Apr 28, 2023
—
Donald L Denney
Donald L Denney
Deed
related
—
Dec 8, 2020
—
Raymond J Hansen
Raymond J Hansen
Deed
related
—
Mar 30, 2020
—
Raymond J Hansen
Raymond J Hansen
Deed
related
—
Nov 20, 2018
—
Rebecca Brannon
Rebecca Brannon
Deed
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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