Entity Owned Property summary
AI-generated overview
Victoria Centre, located at 22 E Washington St in Indianapolis, IN 46204, offers exceptional office space in the heart of the city's Central Business District (CBD). This seven-story, 67,000 square foot building, constructed in 1902, boasts a stunning two-story atrium showcasing impressive architectural details. The property is zoned CBD1 and offers multiple tenancy options, with spaces ranging from a minimum of 1,844 square feet to a maximum contiguous space of 18,572 square feet. Seven spaces are currently available. The building features elevators for convenient access to all floors. Its prime location places it directly on the Indianapolis Cultural Trail, providing easy access to numerous amenities and attractions in downtown Indianapolis. This traditional office building also caters to executive office and coworking needs, offering flexibility for various business sizes and structures. The building's rich history and modern amenities combine to create a unique and desirable workspace in a vibrant urban setting. This is an excellent opportunity to secure office space in a landmark Indianapolis building.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1907
Construction
WOOD
Total area
41,600 SF
Lot
0.18 ac (7,788 SF)
Zoning code
ZO01
APN
49-11-01-240-181.000-101
UPID
US31-0876284
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Law Firm
-
Law Firm
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$465k
Owner & transaction history
since 2013
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$465k
Value range
$419k – $512k
±10% around blend
Estimated value / SF
$11 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$419k
blend $465k
$512k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
41,600 SF
Lot area
0.18 ac
Year built
1907
Stories
6
APN
49-11-01-240-181.000-101
Zoning
ZO01
Assessed value
$847,200
Annual tax
$23,500
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$494k
Range $494k – $1.54M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$465k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 181 sales
$75
-85%
County 165 sales
$66
-83%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $11/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$847k
Move the market yield to see immediate price impact.
Value / SF
$20
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$53k
$1.07M
$762k
$593k
$59k
$1.19M
$847k
$659k
$65k
$1.30M
$932k
$725k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,500
Tax year 2023
Assessed value
$847,200
Assessed 2023
Previous assessed
$847,200
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$257,000
Assessed improvement
$590,200
Land market value
$257,000
Improvement market value
$590,200
Total market value
$847,200
Applied tax rate
101.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1907
Construction
WOOD
Heating
NONE
Stories
6
Total area
41,600 SF
Lot
0.18 ac (7,788 SF)
Zoning code
ZO01
APN
49-11-01-240-181.000-101
UPID
US31-0876284
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1907
Construction
WOOD
Heating
NONE
Stories
6
Lot
0.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ZO01
Jurisdiction
Indianapolis, IN
Recorded code
ZO01
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ZO01 in Indianapolis, IN.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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