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    Property profile & analytics

    1345 Southport Rd Indianapolis, IN 46217-5395

    • Retail space
    • 10,112 SF
    • 2.09 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Last Sale
    Sep 30, 2024
    $245,000
    Location Intelligence
    Property ID
    US31-1066584
    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

    • Hong Kong Restaurant / Chinese Restaurant / Chinese Takeaway
    • Subway / Takeout Restaurant / Restaurant
    • Van’s Family Asian Grocery / Asian Grocery Store
    • Freddies Pub / Restaurant / Bar & Grill
    • Rise and Shine Breakfast House (Southport) / Restaurant

    Property Details for 1345 Southport Rd

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.09 lot acres
    Property size
    10,112 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    49-14-15-116-004.000-500
    APU
    491415116004000500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $245,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $255,000
      Mixed-Use
      $260,000
      Hospitality
      $265,000
      Educational
      $280,000
      Residential Income
      $245,000
      Energy
      $270,000
      Income-Based Land
      $300,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1818
    Latitude
    39.6634
    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
    $32,402
    $601,100
    $558,600
    $1,159,700
    -
    $601,100
    $558,600
    $1,159,700

    Comparable in this City

    • Value Estimation by Request
      1,624 SF

      7110 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 1,624 SF
      7110 Meridian St, Indianapolis, IN 46217-4042
      View Details
    • Value Estimation
      $310,000
      6,940 SF

      7624 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 6,940 SF
      7624 Meridian St, Indianapolis, IN 46217-2921
      View Details
    • Value Estimation
      $360,000
      7,860 SF

      3850 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 7,860 SF
      3850 Meridian St, Indianapolis, IN 46217-3352
      View Details
    • Value Estimation
      $350,000
      8,259 SF

      3102 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 8,259 SF
      3102 Meridian St, Indianapolis, IN 46217-3274
      View Details
    • Value Estimation by Request
      17,661 SF

      2222 Southport Rd

      RETAIL STORES (PERSONAL SERVICES) • 17,661 SF
      2222 Southport Rd, Indianapolis, IN 46217-9426
      View Details
    • Value Estimation by Request
      29,793 SF

      8300 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 29,793 SF
      8300 Meridian St, Indianapolis, IN 46217-4943
      View Details

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    Similar Nearby for Lease

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      Retail or automotive property with high visibility and ample parking.
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    • Contact for pricing
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    Indianapolis, IN 46217-5395
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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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