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    Property profile & analytics

    5640 Emerson Way Indianapolis, IN 46220

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • ATM (Regions Bank) / Atm
    • Regions Mortgage / Mortgage Lender
    • Western Union / Money Transfer Service

    Property Details for 5640 Emerson Way

    Property type
    Retail properties
    Property subtype
    Banks

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0872
    Latitude
    39.8559

    Comparable in this City

    • Value Estimation
      $250,000
      1,800 SF

      706 Broad Ripple Ave

      FINANCIAL BUILDING • 1,800 SF
      706 Broad Ripple Ave, Indianapolis, IN 46220-1963
      View Details
    • Value Estimation
      $740,000
      3,810 SF

      5640 71st St

      FINANCIAL BUILDING • 3,810 SF
      5640 71st St, Indianapolis, IN 46220-3907
      View Details
    • Value Estimation by Request
      4,772 SF

      5959 71st St

      FINANCIAL BUILDING • 4,772 SF
      5959 71st St, Indianapolis, IN 46220-4003
      View Details
    • Value Estimation by Request
      5,439 SF

      6170 Keystone Ave

      FINANCIAL BUILDING • 5,439 SF
      6170 Keystone Ave, Indianapolis, IN 46220-2424
      View Details
    • Value Estimation by Request
      2,240 SF

      706 Broad Ripple Ave

      FINANCIAL BUILDING • 2,240 SF
      706 Broad Ripple Ave, Indianapolis, IN 46220-1963
      View Details
    • Value Estimation by Request
      3,583 SF

      6710 Shadeland Ave

      FINANCIAL BUILDING • 3,583 SF
      6710 Shadeland Ave, Indianapolis, IN 46220-4373
      View Details

    Similar Nearby for Sale

    • $640,000

      Multi-Use Property For Sale

      Multi-use property for small office, retail, and flex/industrial tenants.
      2737 E 56Th St, Indianapolis, IN 46220
      View Details
    • $625,000

      Broad Ripple Avenue Opportunity

      Prime owner/user opportunity with excellent visibility and on-site parking.
      1915 Broad Ripple Ave, Indianapolis, IN 46220
      View Details
    • $1,200,000
      4,772 SF

      Retail Building Adjacent to CVS

      Retail building with shared access and pylon signage.
      5959 E 71St St, Indianapolis, IN 46220
      View Details
    • $234,900
      2,286 SF

      Spacious Townhome in Kessler Place

      Two-bedroom, 2.5-bath townhome with flexible bonus room and two-car garage.
      5674 Brownstone Dr, Indianapolis, IN 46220
      View Details
    • $495,000
      3,499 SF

      Indianapolis Office Building - Prime Location

      Versatile Office Space, Ample Parking, Ideal for Many Uses
      5340 Tacoma Ave, Indianapolis, IN 46220
      View Details
    • $575,000
      2,816 SF

      Prime Indianapolis Office Building

      2,816 sq ft Office Space - $575,000
      6417 Carrollton Ave, Indianapolis, IN 46220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,121 SF

      Broad Ripple Office Space for Lease

      Turn-key office/retail space in prime location.
      6519 Carrollton Ave, Indianapolis, IN 46220
      View Details
    • Contact for pricing
      1,720 SF

      Broad Ripple Office Space for Lease

      1720 SF Office, Great Location, Parking
      6503 Carrollton Ave, Indianapolis, IN 46220
      View Details
    • Contact for pricing
      26,471 SF

      Marko on the Canal Retail Space

      Indianapolis Retail Opportunity: Prime Location
      6280 College Ave, Indianapolis, IN 46220
      View Details
    • $29 SF/Yr
      2,445 SF

      Retail Space Available For Lease

      Retail space available for lease in Indianapolis, Indiana.
      2121 E 62Nd St, Indianapolis, IN 46220
      View Details
    • Contact for pricing
      2,050 SF

      Heeringa Farms Outlots Available

      Outlots available in mixed-use development near downtown Indianapolis.
      5820 S Emerson Ave, Indianapolis, IN 46220
      View Details
    • Contact for pricing
      960 SF

      Retail Space in High-Traffic Center

      Retail spaces available in a Kroger-anchored shopping center.
      2431-2629 E 65Th St, Indianapolis, IN 46220
      View Details
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    5640 Emerson Way
    Indianapolis, IN 46220
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    Realmo Value Estimation

    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.

    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.

    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
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