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Financial
Distress signals
Property profile

1026 N Mitthoefer Rd Indianapolis, IN 46229

FOR LEASE
Office Spaces
Property ID
US31-1097788
5,908 SF 0.74 ac lot Built 1986
Last sale Jan 2025 · $430,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional two-story office building, situated on a 0.74-acre lot at 1026 N Mitthoefer Rd, Indianapolis, IN 46229 (APN 490832130066000700), offers 5,908 square feet of versatile space. Built in 1986 and zoned Cl/C3, the property boasts high visibility due to its location just north of the intersection of Mitthoefer Road and 10th Street. The interior features a well-appointed layout including a conference room, a waiting area with a slate floor, a reception area, thirteen private…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$395k
Assessed land$106k
Assessed improvement$289k
Effective rate2.87%

Value estimate

· Oct 2026
$390k
$351k – $429k
AI approach$305k
NOI build-up
Gross scheduled income$210k
Vacancy & credit loss−$39k
Operating expenses−$43k
NOI · 1,740.08% cap applied$129k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables10

Cap rate analysis

How does the asset earn?
1,740.08%
$129k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency9.6
Building Supply9.4
Law Firm9.1

Location

1026 N Mitthoefer Rd Indianapolis, IN 46229
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales 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

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10531 10th, Indianapolis, IN 46229-2604 $255,000 Mar 2019 3,264 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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