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Property profile & analytics
FOR LEASE
Industrial properties
5757 Decatur Blvd Indianapolis, IN 46241
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-0996924
For Lease
1 / 6
$18 SF/Yr
5757 Decatur Blvd, Indianapolis, IN 46241
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
89,931 SF
Lot
12.72 ac (553,939 SF)
Zoning code
ZO01
APN
49-13-03-101-004.000-200
UPID
US31-0996924
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
-
Nova Medical Centers Occupational Safety And Health Physical Therapist
-
Allstate Learning Center Corporate Office
-
CoWorx Staffing Services Employment Agency
-
Hinman Judy Insurance Agency
-
English Raye Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
5757 Decatur LLC · 4 yrs held
5757 Decatur LLC
since 2021
6 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+27.5%
Commercial (general)
$6.7M
+20.0%
Retail stores
$6.7M
+19.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,615,000
Current use
AUTO REPAIR, GARAGE
$7,160,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,735,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$6,720,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±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
$53 / 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
$201,475
Tax year 2023
Assessed value
$6,598,800
Assessed 2023
Previous assessed
$6,598,800
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$1,760,500
Assessed improvement
$4,838,300
Land market value
$1,760,500
Improvement market value
$4,838,300
Total market value
$6,598,800
Applied tax rate
200.0000
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
For Lease
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
89,931 SF
Lot
12.72 ac (553,939 SF)
Zoning code
ZO01
APN
49-13-03-101-004.000-200
UPID
US31-0996924
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.7M
RETAIL STORES
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
12.72 ac
Current owner
From public records · entity-resolved
5757 Decatur LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5400 W 86TH ST, INDIANAPOLIS, IN 46268-1502
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
Sep 9, 2021
—
5757 Decatur LLC
Sila 5757 LLC
Special Warranty Deed
—
Apr 24, 2020
$65,000
Sila 5757 LLC
Lexington Indianapolis Parcel
Grant Deed
—
Jun 18, 2019
—
Sila 5757 LLC
—
Deed
related
$800,000 · First Merchants Bk
Nov 18, 2014
$4,725,000
Sila 5757 LLC
Us Bank National Association
Warranty Deed
$12,000,000 · First Merchants Bank NA
Jul 12, 2013
—
Us Bank NA Series 2005-cibc12 Tr
Lexington Indianapolis LP
Warranty Deed
related
—
—
—
Sila 5757 LLC
—
Deed Of Trust
related
$800,000 · First Merchants Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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