Property profile

1502 Tibbs Ave Indianapolis, IN 46241

OFF-MARKET
Industrial properties
Property ID
US31-0594716
11,736 SF 41 ac lot Built 1983
Entity Owned Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1983
Construction TYPE NOT SPECIFIED
Total area 11,736 SF
Lot 41 ac (1,785,960 SF)
Zoning code ZO01
APN 49-11-17-100-003.000-900
UPID US31-0594716

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1502 Tibbs Ave Indianapolis, IN 46241
Indianapolis metro Census 342400 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$900k
Comparable Approach Comparable
by Request
Blend (final) Blend
$715k

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Auto repair, garage $935,000 +27.5%
Commercial (general) $880,000 +20.0%
Retail stores $875,000 +19.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1502 Tibbs Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message