Financial
Distress signals
Property profile

2435 N Sherman Dr Indianapolis, IN 46218

FOR LEASE
Retail space
Property ID
US31-0252935
1,008 SF 5.17 ac lot Built 1966
Last sale Jan 2019 · $1,170,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 2435 N Sherman Dr, Indianapolis, IN, Brightwood Plaza includes an endcap retail suite identified as Suite 10. The suite contains 1,650 square feet of retail space and features a drive-thru. The shopping center is anchored by a Safeway grocery store and is situated across the street from the Indianapolis Public Library—Martindale-Brightwood Branch. The location provides access to I-70 and is within the greater Indianapolis downtown area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$1.12M
Assessed land$248k
Assessed improvement$868k
Effective rate2.77%

Value estimate

· Sep 2026
$165k
$149k – $182k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$33 – $119

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.3
Law Firm19.5
Restaurant17.1

Location

2435 N Sherman Dr Indianapolis, IN 46218
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1908 Hillside, Indianapolis, IN 46218 $21,500 Jan 2021 1,114 SF
4948 38th, Indianapolis, IN 46218 $13,950 Mar 2020 1,600 SF
2505 38th, Indianapolis, IN 46218 $19,995 Feb 2020 1,562 SF
3748 Sherman, Indianapolis, IN 46218-1438 $60,000 Feb 2020 1,386 SF
3637 38th, Indianapolis, IN 46218-1453 $9,050 Oct 2019 1,798 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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