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Property profile & analytics
OFF-MARKET
Estimated value
$3,860,000
Warehouses
5490 Industrial Ct Whitestown, IN 46075-8808
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-2029197
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
628,206 SF
Lot
31.89 ac (1,389,128 SF)
Zoning code
ZO01
APN
06-07-35-000-002.002-020
UPID
US31-2029197
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
-
GXO Logistics Company Freight Service
-
NFI Logistics Company Freight Service
-
Pitney Bowes Whitestown IN Distribution Center Logistics Company
-
XPO Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.86M
Owner & transaction history
Palmer Logistics Assets LLC · 1 yrs held
Palmer Logistics Assets LLC
since 2024
4 recorded transactions
Zoning & alternative use
ZO01 · Whitestown, 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 Whitestown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitestown 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
$6 / 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
$839,644
Tax year 2023
Assessed value
$31,970,600
Assessed 2023
Previous assessed
$31,970,600
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$1,594,500
Assessed improvement
$30,376,100
Land market value
$1,594,500
Improvement market value
$30,376,100
Total market value
$31,970,600
Applied tax rate
20.0000
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
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
628,206 SF
Lot
31.89 ac (1,389,128 SF)
Zoning code
ZO01
APN
06-07-35-000-002.002-020
UPID
US31-2029197
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Whitestown, IN
Zoning ZO01 · permitted uses
ZO01 · Whitestown, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitestown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
31.89 ac
Current owner
From public records · entity-resolved
Palmer Logistics Assets LLC
Entity
Free & Clear · 1 yrs held
Mailing address
13155 NOEL RD STE #100, DALLAS, TX 75240-5050
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Palmer Logistics Assets LLC
Finlayson Logistics Assets LLC
Special Warranty Deed
—
Aug 30, 2022
—
Lord Realty Holdings INC
Perry Industrial Park II & III Owne
Quit Claim Deed
related
—
Mar 25, 2019
—
Finlayson Logistic Assets LLC
—
Deed
related
$440,200 · New York Life Insurance
May 1, 2018
—
Finalyson Logistics Assets LLC
Exeter 5490 Industrial Court LLC
Deed
—
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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