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Property profile & analytics
OFF-MARKET
Residential income homes
7925 Palawan Dr Indianapolis, IN 46239-2189
Entity Owned
3-yr Hold
Property ID
US31-0848147
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2002
Construction
WOOD
Total area
1,716 SF
Lot
20.5 ac (892,806 SF)
APN
49-10-12-109-001.000-700
UPID
US31-0848147
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
-
Indy7925 Apartment Building Apartment Complex
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
Pheasant Run Indianapolis LLC · 3 yrs held
Pheasant Run Indianapolis LLC
since 2022
7 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
$393,300
Tax year 2023
Assessed value
$17,537,600
Assessed 2023
Previous assessed
$17,537,600
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,875,300
Assessed improvement
$15,662,300
Land market value
$1,875,300
Improvement market value
$15,662,300
Total market value
$17,537,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Buildings
6
Stories
2
Units
1
Total area
1,716 SF
Lot
20.5 ac (892,806 SF)
APN
49-10-12-109-001.000-700
UPID
US31-0848147
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
2002
Construction
WOOD
Heating
NONE
Stories
2
Buildings
6
Units
1
Lot
20.5 ac
Current owner
From public records · entity-resolved
Pheasant Run Indianapolis LLC
Entity
Mailing address
1807 KELLER PKWY, KELLER, TX 76248-3880
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
—
Pheasant Run Indianapolis LLC
Hpi Pheasant LLC
Limited Warranty Deed
$14,112,000 · Berkadia Commercial Mtg LLC
Dec 4, 2019
—
English Village LLC
Teg English LLC
Warranty Deed
—
Jul 2, 2019
$17,100,000
Hpi Pheasant LLC
Pheasant Run Indy LLC
Grant Deed
—
Jul 2, 2013
$13,450,000
Pheasant Run Indy LLC
Pheasant Run Apartments LP
Grant Deed
related
$10,750,000 · Merchants Bk/in
—
—
Pheasant Run Indy LLC
—
Deed Of Trust
related
$11,245,000 · P R Mtg & Inv
—
—
Hpi Pheasant LLC
—
Deed Of Trust
related
$11,850,000 · Hunt Mtg Cap LLC
—
—
Pheasant Run Apartments
—
Deed Of Trust
related
$152,132 · New Century Bank
—
—
Pheasant Run Apartments LP
—
Loan Modification
related
$10,856,890 · Republic Bank Chicago
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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