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Property profile & analytics
OFF-MARKET Estimated value $900,000
Office Spaces

1102 Stop 11th Rd Indianapolis, IN 46227-8409

8,040 SF 1.33 ac lot Built 2018
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-3544971
Property summary
AI-generated overview

This exceptional Indianapolis investment opportunity comprises three commercial buildings totaling 21,105 square feet on a 2.15-acre lot. Strategically located at a high-traffic intersection near US 31, between Indianapolis and Greenwood, this property boasts exceptional visibility thanks to prominent signage and multiple ingress/egress points. The portfolio includes three buildings: one 3,105 square foot building on a 0.82-acre lot, one 8,000 square foot building, and a 10,000 square foot building situated on a 1.33-acre lot. Currently, two buildings are fully occupied by established tenants, including Armed Forces Recruiters, Ceu Family Market, and Azzip Pizza, providing immediate cash flow. The third building offers a unique opportunity for owner-occupancy or lease to a new tenant. The property features a concrete parking lot with 90 shared spaces and benefits from flexible C3 zoning. This modern, contemporary design stands out in the market, offering a rare combination of established income and future growth potential. The asking price is $5,200,000. This is an ideal investment for those seeking a legacy asset with strong, enduring returns.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2018
Construction WOOD
Total area 8,040 SF
Lot 1.33 ac (57,891 SF)
APN 49-15-18-117-004.000-500
UPID US31-3544971
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
  • Realty ONE Group Dream Real Estate Agency
  • Shirley Allore - Realty One Group Dream Real Estate Agency
  • SOLO® Pool Table Movers Cue Sports School
  • Gina McLane Real Estate Agency
  • Andrew Cline, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$961k
Blend (final) Blend
$900k
Owner & transaction history
Sidhu 13 LLC · 3 yrs held
Sidhu 13 LLC
since 2022
5 recorded transactions
2022
Price N/A
2010
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $640,000 +6.3%
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