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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Showrooms
5870 Elmwood Ave, Indianapolis, IN 46203-6031
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1101177
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
METAL FRAME
Total area
21,475 SF
Lot
1.87 ac (81,458 SF)
APN
49-10-34-120-012.000-302
UPID
US31-1101177
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
$1.13M
Blend (final)
Blend
$1.09M
Owner & transaction history
5901 Elmwood Ave LLC · 7 yrs held
5901 Elmwood Ave LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+6.3%
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
COMMERCIAL (GENERAL)
$1,610,000
Current use
AUTO REPAIR, GARAGE
$1,710,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$1,605,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,340,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$51 / 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
$31,408
Tax year 2023
Assessed value
$829,000
Assessed 2023
Previous assessed
$829,000
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$339,400
Assessed improvement
$489,600
Land market value
$339,400
Improvement market value
$489,600
Total market value
$829,000
Applied tax rate
302.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1973
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
21,475 SF
Lot
1.87 ac (81,458 SF)
APN
49-10-34-120-012.000-302
UPID
US31-1101177
Jurisdiction
MARION
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1973
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
5901 Elmwood Ave LLC
Entity
Mailing address
1445 WOODSON RD, SAINT LOUIS, MO 63132-2506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
—
Wgst LLC
—
Deed
related
$1,040,000 · Busey Bank
Aug 28, 2018
—
5901 Elmwood Ave LLC
Squire Holdings LLC
Warranty Deed
$1,380,000 · Mutual Bank
Mar 2, 2018
—
Squire Holdings LLC
—
Deed
related
$685,000 · Regions Bank
Aug 8, 2013
—
Squire Holdings LLC
Jas Graphics INC
Warranty Deed
related
$826,138 · Regions Bank
Aug 10, 2009
—
Jas Graphics INC
Squire,jay A
Quit Claim Deed
related
$650,000 · Regions Bank
—
—
Squire Holdings LLC
—
Deed Of Trust
related
$826,138 · Regions Bank
—
—
K & J Properties LLC
—
Deed Of Trust
related
$350,700 · Union Planters National Bank
—
—
K & J Properties LLC
—
Deed Of Trust
related
$520,000 · Old National Bank
—
—
K & J Properties LLC
—
Deed Of Trust
related
$500,000 · Old National 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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