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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Industrial properties
554 Pit Rd Brownsburg, IN 46112-9555
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-1506911
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2013
Construction
TYPE NOT SPECIFIED
Total area
40,281 SF
Lot
5.5 ac (239,580 SF)
APN
32-07-12-228-001.000-016
UPID
US31-1506911
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
$3.68M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.48M
Owner & transaction history
Kovey Ventures LLC · 2 yrs held
Kovey Ventures LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+123.8%
Medical building
$4.0M
+108.0%
Apartment house (5+ units)
$3.3M
+69.5%
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 Brownsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brownsburg 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,980,000
6.5%
$3,675,000
7%
$3,410,000
Alternative Use
Use
Estimation
RESTAURANT
$4,305,000
Change: +124% · Conversion: Difficult
MEDICAL BUILDING
$4,000,000
Change: +108% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,260,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,165,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$3,145,000
Change: +64% · Conversion: Moderate
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$86 / 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
$129,330
Tax year 2023
Assessed value
$4,664,400
Assessed 2023
Previous assessed
$4,664,400
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$387,600
Assessed improvement
$4,276,800
Land market value
$387,600
Improvement market value
$4,276,800
Total market value
$4,664,400
Applied tax rate
14.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2013
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
40,281 SF
Lot
5.5 ac (239,580 SF)
APN
32-07-12-228-001.000-016
UPID
US31-1506911
Jurisdiction
HENDRICKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
5.5 ac
Current owner
From public records · entity-resolved
Kovey Ventures LLC
Entity
Mailing address
554 PIT RD, BROWNSBURG, IN 46112-9555
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
—
Kovey Ventures LLC
Bkh LLC
Warranty Deed
$443,000 · Hendricks County Bank & Trust
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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