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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Warehouses
6340 La Pas Trl Indianapolis, IN 46268-2511
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US31-0555505
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
45,056 SF
Lot
3.06 ac (133,294 SF)
Zoning code
ZO01
APN
49-03-31-117-023.000-600
UPID
US31-0555505
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
-
R.T. Moore Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
6340 Lapas Trail LLC · 14 yrs held
6340 Lapas Trail LLC
since 2011
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$15 / 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
$25,151
Tax year 2023
Assessed value
$1,078,200
Assessed 2023
Previous assessed
$1,078,200
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$307,900
Assessed improvement
$770,300
Land market value
$307,900
Improvement market value
$770,300
Total market value
$1,078,200
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
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
45,056 SF
Lot
3.06 ac (133,294 SF)
Zoning code
ZO01
APN
49-03-31-117-023.000-600
UPID
US31-0555505
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
3.06 ac
Current owner
From public records · entity-resolved
6340 Lapas Trail LLC
Entity
Mailing address
6340 LA PAS TRL, INDIANAPOLIS, IN 46268-2511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2016
—
6340 Lapas Trail LLC
—
Deed
related
$1,300,000 · First Merchants Bk
Dec 29, 2014
—
6340 Lapas Trail LLC
—
Loan Modification
related
$9,500,000 · Huntington Nat'l Bk
Sep 3, 2014
—
6340 Lapas Trail LLC
—
Loan Modification
related
$1,750,000 · Huntington Nat'l Bk
Mar 12, 2014
—
6340 Lapas Trail LLC
—
Loan Modification
related
$7,000,000 · Huntington Nat'l Bk
Mar 7, 2014
—
6340 Lapas Trail LLC
—
Loan Modification
related
$7,000,000 · Huntington Nat'l Bk
Jun 17, 2013
—
6340 Lapas Trail LLC
—
Grant Deed
related
$5,000,000 · Huntington Nat'l Bk/wv
Oct 13, 2011
—
6340 Lapas Trail LLC
Dm Properties LLC
Warranty Deed
—
Dec 30, 2009
—
Dm Properties LLC
—
Deed Of Trust
related
$4,000,000 · Huntington National Bank
—
—
6340 Lapas Trail LLC
—
Loan Modification
related
$3,750,000 · Huntington Nat'l Bk
—
—
Dm Properties LLC
—
Deed Of Trust
related
—
—
—
Dm Properties LLC
—
Deed Of Trust
related
$618,154 · Fifth Third Bank Central INC
—
—
6340 Lapas Trail LLC
—
Deed Of Trust
related
$1,300,000 · 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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