Property profile

1580 Research Way Indianapolis, IN 46231

OFF-MARKET
Industrial properties
Property ID
US31-3219706
8,800 SF 2.35 ac lot Built 2017
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2017
Construction WOOD
Total area 8,800 SF
Lot 2.35 ac (102,366 SF)
Zoning code ZO01
APN 49-12-15-100-012.000-900
UPID US31-3219706

Cap rate & NOI

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

Location

1580 Research Way Indianapolis, IN 46231
Indianapolis metro Census 342000 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$675k
Comparable Approach Comparable
$456k
Blend (final) Blend
$310k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Auto repair, garage $700,000 +27.5%
Commercial (general) $660,000 +20.0%
Retail stores $660,000 +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
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