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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Industrial properties
8739 Castle Park Dr Indianapolis, IN 46256-1296
Entity Owned
13-yr Hold
Free & Clear
Property ID
US31-3460147
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
10,740 SF
Lot
1.41 ac (61,246 SF)
Zoning code
ZO01
APN
49-02-13-127-001.000-400
UPID
US31-3460147
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
-
M D Rowe Construction Inc Construction Company General Contractor
-
Rowe Custom Residential Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Sas Property Holdings LLC · 13 yrs held
Sas Property Holdings LLC
since 2013
6 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+27.5%
Commercial (general)
$805,000
+20.0%
Retail stores
$805,000
+19.7%
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
INDUSTRIAL (GENERAL)
$670,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$805,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$53 / 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
$17,551
Tax year 2023
Assessed value
$717,700
Assessed 2023
Previous assessed
$717,700
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$336,900
Assessed improvement
$380,800
Land market value
$336,900
Improvement market value
$380,800
Total market value
$717,700
Applied tax rate
400.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
10,740 SF
Lot
1.41 ac (61,246 SF)
Zoning code
ZO01
APN
49-02-13-127-001.000-400
UPID
US31-3460147
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES
Est. value
$805,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1995
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Sas Property Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
8739 CASTLE PARK DR, INDIANAPOLIS, IN 46256-1296
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Sas Property Holdings LLC
—
Deed
related
$400,000 · Bmo Bank NA
Oct 5, 2022
—
Sas Property Holdings LLC
—
Deed
related
$217,001 · Bmo Harris Bank NA
Feb 14, 2013
—
Sas Property Holdings LLC
Dack Properties LLC
Warranty Deed
related
—
Jun 11, 2008
—
Dack Properties LLC
Rowe,mark D
Warranty Deed
—
—
—
Sas Property Holdings LLC
—
Deed Of Trust
related
$700,000 · Bmo Harris Bank
—
—
Mark D Rowe
—
Deed Of Trust
related
$200,000 · Fifth Third Bank In Central
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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