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Property profile & analytics
OFF-MARKET
Residential income homes
8820 45th St, Indianapolis, IN 46226-4230
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-3535410
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1950
Construction
WOOD
Total area
2,121 SF
Lot
0.46 ac (20,125 SF)
APN
49-08-18-111-019.000-407
UPID
US31-3535410
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
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
Hoosier Easy Rentals LLC · 3 yrs held
Hoosier Easy Rentals LLC
since 2023
Last sale
$209,000
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
$3,090
Tax year 2023
Assessed value
$142,100
Assessed 2023
Previous assessed
$142,100
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$25,900
Assessed improvement
$116,200
Land market value
$25,900
Improvement market value
$116,200
Total market value
$142,100
Applied tax rate
407.0000
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
1950
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Total area
2,121 SF
Lot
0.46 ac (20,125 SF)
APN
49-08-18-111-019.000-407
UPID
US31-3535410
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
1950
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Hoosier Easy Rentals LLC
Entity
Mailing address
11650 OLIO RD STE #1000, FISHERS, IN 46037-7621
Ownership since
2023
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 20, 2023
$209,000
Hoosier Easy Rentals LLC
Me Rental Properties LLC
Warranty Deed
—
Jan 12, 2023
$175,000
Me Rental Properties LLC
Enhance Indiana LLC
Warranty Deed
$178,533 · Mm Lending LLC
Jan 10, 2023
$122,000
Enhance Indiana LLC
Michael S Conner
Warranty Deed
—
Sep 13, 2007
—
Michael S Conner
Adam P Seale
Warranty Deed
$79,200 · Countrywide Bank Fsb
Sep 27, 2006
—
Adam P Seale
Dfi Group LLC
Warranty Deed
$88,000 · Monroe Bank
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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