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    3610 Shadeland Ave Indianapolis, IN 46226

    • Office buildings
    • 916 SF
    • 1.43 lot acres
    For Sale
    View listing
    $375,000
    Value Estimation
    Last Sale
    Dec 31, 2020
    $157,200
    Location Intelligence
    Property ID
    US31-3262290
    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

    • Office buildings

    Property Details for 3610 Shadeland Ave

    Year built
    1950
    Construction
    BRICK
    Lot size
    1.43 lot acres
    Property size
    916 SF
    Zone code
    ZO01
    Property type
    Office buildings
    APN
    49-07-23-122-026.000-700
    APU
    490723122026000700

    Description

    This exceptional 1.43-acre commercial land parcel, located at 3610 N Shadeland Ave in Indianapolis, Indiana (zip code 46226, Marion County), presents a compelling investment opportunity. The property, identified by APN 49-07-23-122-026.000-700, is zoned C-5, allowing for a variety of commercial uses. Situated in a high-traffic area of Shadeland Avenue, between 38th and 34th Streets, this location benefits from significant daily vehicular traffic. Currently, an existing building and business on the site generates a monthly rental income of $2,500. The property's pro-forma net operating income (NOI) is $30,000, yielding a pro-forma capitalization rate of 8.00%. The asking price is $375,000. A three-year lease is in place, with two years remaining on the current term. This presents a strong cash flow opportunity for investors seeking a well-located commercial property with immediate income generation. The property's size and zoning make it ideal for a variety of commercial developments, capitalizing on the high visibility and traffic volume of this established commercial corridor. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $140,000
      6.5%
      $155,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $145,000
      Mixed-Use
      $135,000
      Hospitality
      $140,000
      Educational
      $135,000
      Residential Income
      $145,000
      Energy
      $155,000
      Income-Based Land
      $125,000
      Food Service
      $135,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0471
    Latitude
    39.8217
    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
    $5,079
    $122,700
    $54,100
    $176,800
    -
    $122,700
    $54,100
    $176,800

    Comparable in this City

    • Value Estimation by Request
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      7311 43rd St

      OFFICE BUILDING • 2,816 SF
      7311 43rd St, Indianapolis, IN 46226-3813
      View Details
    • Value Estimation by Request
      0.35 Acres

      7205 46th St

      OFFICE BUILDING • 0.35 Acres
      7205 46th St, Indianapolis, IN 46226-3805
      View Details
    • Value Estimation
      $210,000
      0.28 Acres

      4513 Franklin Rd

      OFFICE BUILDING • 0.28 Acres
      4513 Franklin Rd, Indianapolis, IN 46226-3916
      View Details
    • Value Estimation by Request
      5,418 SF

      3620 Franklin Rd

      OFFICE (GENERAL) • 5,418 SF
      3620 Franklin Rd, Indianapolis, IN 46226-5911
      View Details
    • Value Estimation by Request
      28,672 SF

      3390 Post Rd

      OFFICE (GENERAL) • 28,672 SF
      3390 Post Rd, Indianapolis, IN 46226-6520
      View Details

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    3610 Shadeland Ave
    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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