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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
5425 84th St Indianapolis, IN 46268-1520
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1059737
Property summary
AI-generated overview
This exceptional Indianapolis industrial property, located at 5425 W 84th St, offers 26,903 square feet of versatile space, ideal for manufacturing or warehousing operations. Situated on a two-acre lot in Marion County (zip code 46268), this building boasts significant features including 6,755 square feet of office space, ample parking (approximately 53 spaces), and robust power (1200 amps, 277-480V, 3-phase, 4-wire). The property includes one 8' x 10' drive-in door and two 8' x 8' dock-high doors equipped with hydraulic levelers. The building features durable 8-9 inch thick concrete floors and a Firestone rubber membrane roof installed in 1997. Constructed circa 1972, this property is zoned I-4 and is offered for sale at $3,350,000 ($124.52/sq ft). This represents a compelling opportunity to acquire a well-maintained industrial facility in a desirable Indianapolis location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
TYPE NOT SPECIFIED
Total area
28,414 SF
Lot
2.07 ac (90,169 SF)
Zoning code
ZO01
APN
49-04-24-112-005.000-600
UPID
US31-1059737
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
-
Asterion LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Mahrdt Properties LLC · 1 yrs held
Mahrdt Properties LLC
since 2024
3 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
Method
Estimation
Statistic approach
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$20 / 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
$18,939
Tax year 2023
Assessed value
$811,900
Assessed 2023
Previous assessed
$811,900
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$313,400
Assessed improvement
$498,500
Land market value
$313,400
Improvement market value
$498,500
Total market value
$811,900
Applied tax rate
600.0000
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
1971
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
28,414 SF
Lot
2.07 ac (90,169 SF)
Zoning code
ZO01
APN
49-04-24-112-005.000-600
UPID
US31-1059737
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
1971
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Mahrdt Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
600 KENTUCKY AVE STE #200, INDIANAPOLIS, IN 46225-1275
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Mahrdt Properties LLC
Bpi West 84th LLC
Special Warranty Deed
—
Dec 29, 2020
—
Bpi 5425 West 84th LLC
Benchmark Products INC
Quit Claim Deed
related
—
—
—
Benchmark Products INC
—
Loan Modification
related
$573,279 · Bmo Harris 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.
Try Rey
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