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    7676 38Th St Indianapolis, IN 46226

    • Retail space
    • 25,872 SF
    • 2.48 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US31-1254022
    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

    • Citadel-Faith Church-God In Christian / Church
    • I M P A C T / Association Or Organization

    Property Details for 7676 38Th St

    Year built
    1966
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.48 lot acres
    Property size
    25,872 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    49-07-13-100-001.000-401
    APU
    490713100001000401

    Description

    This exceptional 5.43-acre parcel at 7676 E. 38th St, Indianapolis, IN 46226 presents a remarkable development opportunity. Zoned SU1, this property boasts a highly desirable location, offering excellent visibility and accessibility due to its proximity to I-465 and E. 38th Street. The land's previous use as a church provides a unique history and potential for adaptive reuse, while its expansive size allows for a wide range of development possibilities, including residential, commercial, or mixed-use projects. Situated in Marion County, this property is ideally positioned within a thriving Indianapolis market, presenting a lucrative investment opportunity for developers seeking a prime location with significant potential for growth and return. The strategic location and favorable zoning regulations make this a rare find in the current competitive real estate landscape. This blank canvas awaits your vision, offering the chance to contribute to the ongoing development of this vibrant community. Detailed zoning information and site plans are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $860,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $895,000
      Retail
      $855,000
      Mixed-Use
      $840,000
      Hospitality
      $710,000
      Educational
      $880,000
      Residential Income
      $840,000
      Energy
      $780,000
      Income-Based Land
      $710,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0342
    Latitude
    39.8264
    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
    $28,254
    $356,400
    $676,300
    $1,032,700
    -
    $356,400
    $676,300
    $1,032,700

    Comparable in this City

    • Value Estimation
      $320,000
      3,178 SF

      6670 38th St

      RETAIL STORES (PERSONAL SERVICES) • 3,178 SF
      6670 38th St, Indianapolis, IN 46226-5657
      View Details
    • Value Estimation
      $470,000
      44,202 SF

      6125 38th St

      RETAIL STORES (PERSONAL SERVICES) • 44,202 SF
      6125 38th St, Indianapolis, IN 46226-5603
      View Details
    • Value Estimation
      $360,000
      6,976 SF

      8906 38th St

      RETAIL STORES (PERSONAL SERVICES) • 6,976 SF
      8906 38th St, Indianapolis, IN 46226-6073
      View Details
    • Value Estimation
      $350,000
      11,400 SF

      7105 46th St

      RETAIL STORES (PERSONAL SERVICES) • 11,400 SF
      7105 46th St, Indianapolis, IN 46226-3803
      View Details
    • Value Estimation
      $290,000
      1,692 SF

      4602 Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,692 SF
      4602 Franklin Rd, Indianapolis, IN 46226-2908
      View Details
    • Value Estimation
      $265,000
      3,106 SF

      4610 Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,106 SF
      4610 Franklin Rd, Indianapolis, IN 46226-2967
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Freestanding retail building with ample parking and storage space.
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      Prime 2.41-acre development site. High visibility, heavy traffic.
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      4,000 SF

      Pizza Hut Investment Opportunity

      NNN leased Pizza Hut with franchisee guarantee for sale.
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      Freestanding Retail Property For Sale

      Freestanding retail property available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space on S. Emerson

      Retail space with frontage on S. Emerson Avenue.
      5135 S Emerson Ave, Indianapolis, IN 46226
      View Details
    • $20 SF/Yr
      2,250 SF

      Retail Space on South Emerson

      Retail property for lease in Indianapolis with high visibility.
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      View Details
    • Contact for pricing
      134,797 SF

      Pendleton Plaza Retail Outlots

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    • $18 SF/Yr
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      Retail Space on Shadeland Avenue

      13,000 SF retail space with high visibility and parking.
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    • Contact for pricing
      1,400 SF

      Retail Space on Pendleton Pike

      Retail spaces with high visibility and easy access.
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    • $2,250 /Mo
      10,800 SF

      High-Visibility Retail Space Available

      Prime commercial space in a high-traffic Indianapolis location.
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      View Details
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    7676 38Th St
    Indianapolis, IN 46226
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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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