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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Strip malls
10830 Pendleton Pike Indianapolis, IN 46236-3300
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-0910539
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
14,980 SF
Lot
1.78 ac (77,484 SF)
Zoning code
ZO01
APN
49-08-04-131-011.001-407
UPID
US31-0910539
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Door Christian Center Church Mosque
-
Children Of America Indianapolis Daycare Center
-
Silky Smooth's House of Beauty LLC Barber Shop
-
Unique's nails Nail Salon
-
Camp Bow Wow Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
Great Moon INC · 5 yrs held
Great Moon INC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+246.2%
Apartment house (5+ units)
$1.2M
+242.8%
Restaurant
$1.1M
+194.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$840,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,230,000
Change: +246% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,220,000
Change: +243% · Conversion: Difficult
RESTAURANT
$1,050,000
Change: +195% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +153% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +108% · Conversion: Moderate
MEDICAL BUILDING
$595,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.27M (Jan 5 2021)
Last sale anchor
$1.27M
Jan 5 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,656
Tax year 2023
Assessed value
$1,511,600
Assessed 2023
Previous assessed
$1,511,600
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$681,900
Assessed improvement
$829,700
Land market value
$681,900
Improvement market value
$829,700
Total market value
$1,511,600
Applied tax rate
407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
14,980 SF
Lot
1.78 ac (77,484 SF)
Zoning code
ZO01
APN
49-08-04-131-011.001-407
UPID
US31-0910539
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$900,000
OFFICE BUILDING
Est. value
$740,000
MEDICAL BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Great Moon INC
Entity
Free & Clear · 5 yrs held
Mailing address
11863 E 300TH S, ZIONSVILLE, IN 46077-9440
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
$1,268,000
Great Moon INC
Indy Pike Investments LLC
Grant Deed
—
Jul 6, 2018
—
Indy Pike Investments LLC
Srg Ssvs LLC
Warranty Deed
$2,297,200 · Illinois National Bank
Feb 16, 2017
—
Srg-ssvs LLC
Sunnyside Village Shoppes I Ll
Trustees Deed
$5,165,895 · State Bk/lizton
Aug 29, 2014
—
Micromont Holdings 1 LLC
Sunnyside Village Shoppes I Ll
Trustees Deed
related
$65,000,000 · Viewpoint Bk
Apr 28, 2009
—
Sunnyside Village Shoppes I Ll
Sunnyside Realty Investors LLC
Quit Claim Deed
related
$4,950,000 · State Bk/lizton
—
—
Sunnyside Village Shoppes I Ll
—
Loan Modification
related
$553,776 · Indiana Busn Bk
—
—
East Court Center LLC
—
Deed Of Trust
related
$1,934,000 · Citizens Equity First Cu
—
—
Sunnyside Village Shoppes I Ll
—
Deed Of Trust
related
$145,000 · State Bk/lizton
—
—
Sunnyside Village Shoppes I Ll
—
Loan Modification
related
$150,000 · Indiana Busn Bk
—
—
Jasvir Singh
—
Deed Of Trust
related
$1,010,000 · State Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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