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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Turn key restaurants
7345 Washington St Indianapolis, IN 46219-6724
Individually Owned
2-yr Hold
Free & Clear
Property ID
US31-3536457
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
5,300 SF
Lot
1.79 ac (77,929 SF)
Zoning code
ZO01
APN
49-10-01-118-047.000-700
UPID
US31-3536457
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
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Indianapolis Public Transportation · 2 yrs held
Indianapolis Public Transportation
since 2024
Last sale
$21,615
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
$179 / 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
$21,167
Tax year 2023
Assessed value
$736,900
Assessed 2023
Previous assessed
$736,900
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$342,900
Assessed improvement
$394,000
Land market value
$342,900
Improvement market value
$394,000
Total market value
$736,900
Applied tax rate
700.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
5,300 SF
Lot
1.79 ac (77,929 SF)
Zoning code
ZO01
APN
49-10-01-118-047.000-700
UPID
US31-3536457
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.
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Indianapolis Public Transportation
Individual
Free & Clear · 2 yrs held
Mailing address
30 W 7TH ST E STE #1300, SAINT PAUL, MN 55101-4939
Ownership since
2024
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
Jul 5, 2024
$21,615
Indianapolis Public Transportation
Aei Net Lease Portfolio Dst
Warranty Deed
—
Jul 5, 2024
—
Indianapolis Public Transportation
Apple Indiana II LLC
Quit Claim Deed
related
—
Dec 13, 2019
—
Apple Indiana II LLC
—
Deed
related
—
Jun 12, 2018
—
Apple Indiana II LLC
—
Deed
related
—
Sep 8, 2014
—
Aei,net Lease Portfolio Dst Trust
Aei Income & Growth Fund 26 Ll
Quit Claim Deed
—
Jun 17, 2014
—
Apple Indiana II LLC
—
Loan Modification
related
$622,000,000 · Bank Of America
May 13, 2011
—
Apple Indiana II LLC
—
Deed Of Trust
related
$320,000,000 · Bank Of America
May 7, 2007
$39,064
Aei Income & Growth Fund 26 Ll
Aei Fund Management Xvii INC
Grant Deed
—
May 7, 2007
—
Aei Income
Aei Fund Management Xvii INC
Quit Claim Deed
—
Sep 29, 2006
—
Aei Fund Management Xvii INC
Apple Indiana II LLC
Grant Deed
$6,620,000 · Bank Of America
—
—
Apple Indiana II LLC
—
Loan Modification
related
—
—
—
Apple Indiana II LLC
—
Loan Modification
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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