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Property profile & analytics
OFF-MARKET
Manufacturing properties
722 Ketcham St Indianapolis, IN 46222-3604
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0762820
Property summary
AI-generated overview
This exceptional industrial property, located at 722 Ketcham Street in Indianapolis, Indiana's Speedway submarket, offers a total of 5,704 square feet of warehouse space across two buildings. The property sits on a 1.12-acre lot and is zoned I-2. The main building features 4,066 square feet of newly renovated space, including a private office, conference room, small IT room, and one restroom. Convenient access is provided by four drive-in doors and one loading dock. The property boasts 3-phase electric power and overhead heaters, ensuring efficient operation. The entire 5,704 square feet is currently vacant and available for lease as a single unit
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
1,620 SF
Lot
0.17 ac (7,420 SF)
APN
49-11-04-146-002.000-901
UPID
US31-0762820
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
-
RINO Equipment & Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Old Grass LLC Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Old Grass LLC · 4 yrs held
Old Grass LLC
since 2022
5 recorded transactions
Zoning & alternative use
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,061
Tax year 2023
Assessed value
$38,500
Assessed 2023
Previous assessed
$38,500
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$14,300
Assessed improvement
$24,200
Land market value
$14,300
Improvement market value
$24,200
Total market value
$38,500
Applied tax rate
901.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
1,620 SF
Lot
0.17 ac (7,420 SF)
APN
49-11-04-146-002.000-901
UPID
US31-0762820
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
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Old Grass LLC
Entity
Mailing address
3695 POWER DR, CARMEL, IN 46033-4723
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Old Grass LLC
Metro Fibernet LLC
Warranty Deed
$480,000 · Farmers Bank
Aug 7, 2020
—
Metro Fibernet LLC
D Underwood LLC
Warranty Deed
—
Jun 19, 2020
—
D Underwood LLC
John W JR
Warranty Deed
related
—
Jan 31, 2013
—
Daniel Underwood
Michel,john W JR & Catherine L
Dual Purpose Document
related
$167,000 · John W JR & Catherine L Michel
Apr 18, 2006
—
John W Michel JR.
Michel,john W JR
Quit Claim Deed
related
—
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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