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
    Property profile & analytics

    9125 Burk Rd Indianapolis, IN 46229-3083

    • Warehouses
    • 8,054 SF
    • 3.15 lot acres
    OFF-MARKET
    Last Sale
    Dec 04, 2024
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0831088
    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

    • Instantwhip-Indianapolis, Inc / Food Products Supplier

    Property Details for 9125 Burk Rd

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.15 lot acres
    Property size
    8,054 SF
    Property type
    Warehouses
    APN
    49-09-08-110-013.000-700
    APU
    490908110013000700

    Description

    This exceptional 8,054 square foot cold storage warehouse, situated on 3.15 acres in Indianapolis, Indiana (9125 Burk Rd, 46229), presents a rare owner-user or investment opportunity. Built in 1999 and boasting a Class B rating, this single-tenant facility features a spacious layout including over 1,000 square feet of walk-in freezer space, over 2,000 square feet of walk-in cooler space, and 1,500 square feet of office space. The office area includes a reception area, four private offices, a kitchenette, and a convenient pickup counter. The warehouse benefits from five 9-foot dock-high doors with standard dock packages, a 24-foot ceiling height, and ample room for expansion. Recent upgrades include a new roof (2020) with a transferable warranty and new air conditioning. The property is zoned I-2, providing flexibility for future development. Conveniently located just south of Washington Street off Post Road, this facility offers easy interstate access. The sale excludes the existing cell tower. This is a turnkey operation ready for immediate occupancy on July 26, 2024. A survey is available. Asking price: $1,900,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $379,000
      Market price range: $97.3k - $379k

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.007
    Latitude
    39.7688
    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
    $19,665
    $227,500
    $457,100
    $684,600
    -
    $227,500
    $457,100
    $684,600

    Comparable in this City

    • Value Estimation
      $360,000
      2,800 SF

      334 Mitthoefer Rd

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      334 Mitthoefer Rd, Indianapolis, IN 46229-2620
      View Details
    • Value Estimation
      $750,000
      337,600 SF

      9300 30th St

      WAREHOUSE, STORAGE • 337,600 SF
      9300 30th St, Indianapolis, IN 46229
      View Details
    • Value Estimation
      $230,000
      8,000 SF

      430 Rawles Ct

      WAREHOUSE, STORAGE • 8,000 SF
      430 Rawles Ct, Indianapolis, IN 46229
      View Details
    • Value Estimation
      $840,000
      80,486 SF

      10901 Washington St

      MINI-WAREHOUSE, STORAGE • 80,486 SF
      10901 Washington St, Indianapolis, IN 46229-2617
      View Details
    • Value Estimation
      $245,000
      6,900 SF

      2415 Mitthoefer Rd

      MINI-WAREHOUSE, STORAGE • 6,900 SF
      2415 Mitthoefer Rd, Indianapolis, IN 46229
      View Details
    • Value Estimation
      $400,000
      8,448 SF

      9350 30th St

      STORAGE YARD, OPEN STORAGE • 8,448 SF
      9350 30th St, Indianapolis, IN 46229-1076
      View Details

    Similar Nearby for Sale

    • $75,000

      Private Condo in Huntington Heights

      Two-bedroom condo with updates and community pool.
      10231 Penrith Dr, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      3.25 Acre Commercial Land Parcel

      3.25-acre commercial land parcel zoned C3 with high traffic.
      10040-10110 E 30Th St, Indianapolis, IN 46229
      View Details
    • $2,000,000
      15,000 SF

      Retail Property on Washington Street

      15,000 SF retail property available for sale.
      9501 E Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Land Available on US HWY 40

      Land for sale on US HWY 40 near retailers.
      40 Yorkshire Blvd, Indianapolis, IN 46229
      View Details
    • $385,000
      0.61 Acres

      Prime Retail Land, Indy

      High-traffic location, C-4 zoning.
      10536 Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Cumberland Commercial Land - 1.52 Acres

      High-visibility land, ideal for development.
      12045 Washington St, Indianapolis, IN 46229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      124,590 SF

      Renovated Warehouse with Modern Upgrades

      124,590 SF warehouse with convenient interstate access.
      10859 E Washington St, Indianapolis, IN 46229
      View Details
    • $11 SF/Yr
      7,440 SF

      Industrial Space with Secured Yard

      7,440 SF industrial space with office and secured yard.
      370 S Mitthoeffer Rd, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Indianapolis Industrial Land Opportunity

      Prime Marion County industrial land, single tenant.
      100 Muessing Rd, Indianapolis, IN 46229
      View Details
    • $1,400 /Mo
      3,400 SF

      Indianapolis Office Suites for Rent

      Two office suites with shared kitchen and parking available for rent.
      104 Granby Dr, Indianapolis, IN 46229
      View Details
    • $700 /Mo
      3,432 SF

      Downstairs Office Suite For Rent

      Office suite with shared kitchen and bathroom available for rent.
      104 Granby Dr, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Industrial Land with Paved Storage

      22.3 acres of I-3 zoned land for lease.
      3205 North Mitthoeffer Rd, Indianapolis, IN 46229
      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.
    9125 Burk Rd
    Indianapolis, IN 46229-3083
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.