Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Landlocked 56th Landlocked 35-19-2e Zionsville, IN 46077

    • Specialty properties
    • 1.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2504366
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for Landlocked 56th Landlocked 35-19-2e

    Lot size
    1.32 lot acres
    Zone code
    ZO01
    Property type
    Specialty properties
    APN
    06-12-35-000-012.000-016
    APU
    61235000012000016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Zionsville
    County
    Boone
    State
    Indiana
    Longitude
    -86.2735
    Latitude
    40.0484
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $6,600
    $0.00
    $6,600
    -
    $6,600
    $0.00
    $6,600

    Comparable in this City

    • Value Estimation by Request
      2.23 Acres

      9467 Greenthread Ln

      CHARITABLE ORGANIZATION • 2.23 Acres
      9467 Greenthread Ln, Zionsville, IN 46077-8149
      View Details
    • Value Estimation by Request
      1,301 SF

      9850 Zionsville Rd

      CHARITABLE ORGANIZATION • 1,301 SF
      9850 Zionsville Rd, Zionsville, IN 46077-9332
      View Details
    • Value Estimation
      $1,945,000
      17,500 SF

      5964 Morton Rd

      CHARITABLE ORGANIZATION • 17,500 SF
      5964 Morton Rd, Zionsville, IN 46077
      View Details
    • Value Estimation by Request
      2.03 Acres

      1660 Oak St

      CHARITABLE ORGANIZATION • 2.03 Acres
      1660 Oak St, Zionsville, IN 46077-1823
      View Details
    • Value Estimation by Request
      2.53 Acres

      535 1100th E

      CHARITABLE ORGANIZATION • 2.53 Acres
      535 1100th E, Zionsville, IN 46077-8286
      View Details
    • Value Estimation by Request
      11.92 Acres

      4720 116th St

      CHARITABLE ORGANIZATION • 11.92 Acres
      4720 116th St, Zionsville, IN 46077-9311
      View Details

    Similar Nearby for Sale

    • $1,049,000
      Pending

      7-Acre Property in Zionsville

      7-acre property with modern living space and premium improvements.
      440 South 800 East, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Zionsville Development Opportunity

      Fully-zoned development land in Zionsville, Indiana.
      10801 East 300 South, Zionsville, IN 46077
      View Details
    • $495,000
      1.17 Acres

      Versatile Lot in Growing Area

      1.17 acre lot suitable for residential or commercial development.
      10048 E Taylor Ave, Zionsville, IN 46077
      View Details
    • $199,000
      0.17 Acres

      Residential Lots in Holliday Farms

      Residential lots in Zionsville's Holliday Farms community with social membership.
      4155 Hartswick Ct, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Zionsville Commercial Land - 2000 SF

      Prime Zionsville location, 2000 sq ft commercial lot.
      106th St & Main St, Zionsville, IN 46077
      View Details
    • $750,000
      7.11 Acres

      Zionsville Residential Lots with Creek

      7+ acre residential lots with 1200 ft creek frontage.
      7655 E 550 S, Zionsville, IN 46077
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      756 SF

      Zionsville Meijer Retail Space

      756 SF In-Store Retail Lease
      6650 Whitestown Pkwy, Zionsville, IN 46077
      View Details
    • Contact for pricing
      4,843 SF

      Medical Office Space Available

      4,843 SF 2nd gen dental space for lease.
      10801 N Michigan Rd, Zionsville, IN 46077
      View Details
    • Contact for pricing
      4,050 SF

      Zionsville Retail and Office Space

      Retail, office, and medical space available in Zionsville, Indiana.
      3295 S Us Highway 421, Zionsville, IN 46077
      View Details
    • Contact for pricing
      15,959 SF

      Zionsville Executive Office Space

      Modern Zionsville office suites available.
      625 Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Whitestown Land for Lease

      Land available for retail, medical, and restaurant development.
      3863 S Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing
      19,159 SF

      Zionsville Retail Center - Main Street

      Prime Zionsville retail space, 3,200-11,166 SF available.
      106th St & Main St, Zionsville, IN 46077
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Landlocked 56th Landlocked 35-19-2e
    Zionsville, IN 46077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.