Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1625 Shelby St Indianapolis, IN 46203-2762
    Back to Search
    Property profile & analytics

    1625 Shelby St, Indianapolis, IN 46203-2762

    View on Map
    • Auto shops
    • 9,306 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Aug 23, 2023
    Property ID
    US31-0698570
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 1625 Shelby St

    Year built
    1970
    Lot size
    0.25 lot acres
    Zone code
    ZO01
    Property type
    Auto shops
    APN
    49-10-18-136-010.000-101
    APU
    491018136010000101

    Description

    This exceptional 0.243-acre commercial property, located at 1625 Shelby St in Indianapolis, Indiana, presents a unique investment opportunity. Zoned for commercial use, this site is ideally suited for a gas station or similar retail operation. The property's address is 1625 Shelby St, situated within Marion County, Indiana, and conveniently located in the 46203 zip code. Its precise geographical coordinates are latitude 39.7456936 and longitude -86.1395156. The property's classification is retail, specifically categorized as a gas station. Given its size and zoning, this location offers significant potential for a variety of commercial ventures. The high traffic volume in this area ensures excellent visibility and accessibility for any business operating from this site. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Indianapolis neighborhood. The property's size and zoning make it an attractive prospect for investors seeking a strong return on investment. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering. The property is ready for immediate development or redevelopment, presenting a blank canvas for a discerning investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1395
    Latitude
    39.7458
    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
    $2,172
    $53,900
    $24,400
    $78,300
    -
    $53,900
    $24,400
    $78,300

    Comparable in this City

    • Value Estimation by Request
      636 SF

      2701 Shelby St

      AUTO REPAIR, GARAGE
      2701 Shelby St, Indianapolis, IN 46203-5232
      View Details
    • Value Estimation by Request
      410 SF

      1101 Sherman Dr

      AUTO REPAIR, GARAGE
      1101 Sherman Dr, Indianapolis, IN 46203-2206
      View Details
    • Value Estimation by Request
      1,488 SF

      1870 Shelby St

      AUTO REPAIR, GARAGE
      1870 Shelby St, Indianapolis, IN 46203-4042
      View Details
    • Value Estimation by Request
      2,352 SF

      935 Beecher St

      AUTO REPAIR, GARAGE
      935 Beecher St, Indianapolis, IN 46203-3974
      View Details
    • Value Estimation
      $765,000
      6,000 SF

      5875 Elmwood Ave

      AUTO REPAIR, GARAGE
      5875 Elmwood Ave, Indianapolis, IN 46203-6032
      View Details
    • Value Estimation by Request
      1,920 SF

      2203 Troy Ave

      AUTO REPAIR, GARAGE
      2203 Troy Ave, Indianapolis, IN 46203-5552
      View Details

    Similar Nearby for Sale

    • $319,000
      Pending

      Versatile Indianapolis Property For Sale

      High-visibility property with office, shop, and storage improvements on 0.7 acres.
      4700-4702 Southeastern Ave, Indianapolis, IN 46203
      View Details
    • $299,000

      Downtown Indianapolis Commercial Opportunity

      1.13-acre site with building, garage, and paved parking.
      1058 South Ewing St, Indianapolis, IN 46203
      View Details
    • $1,000,000
      3,828 SF

      Indianapolis Retail Corner Location

      Remodeled two-tenant retail building in Garfield Park neighborhood.
      1121 E Troy Ave, Indianapolis, IN 46203
      View Details
    • $1,000,000

      Prime Commercial Land in Indianapolis

      5-acre commercial land zoned C1, ideal for various uses.
      2345 South Arlington Ave, Indianapolis, IN 46203
      View Details
    • Contact for pricing
      6,590 SF

      Fountain Square Multi-Tenant Commercial Property

      Renovated 6,590 SF property with income and occupancy potential.
      1415 Shelby St, Indianapolis, IN 46203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,650 SF

      Renovated Warehouse Near Fountain Square

      Versatile warehouse space with excellent connectivity and flexible zoning.
      2039-2045 E Minnesota St, Indianapolis, IN 46203
      View Details
    • Contact for pricing
      1,680 SF

      Auto Repair/Retail Space Available

      Lease opportunity: auto repair/retail space with high-traffic visibility.
      3041 English Ave, Indianapolis, IN 46203
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space with Ample Parking

      Retail space with large parking and outdoor dining opportunity.
      3115 Ave SE, Indianapolis, IN 46203
      View Details
    • $2,380 /Mo
      360 SF

      Fountain Square Retail/Office Space

      Retail or office space in the heart of Fountain Square.
      1135 Shelby St, Indianapolis, IN 46203
      View Details
    • Contact for pricing

      Fountain Square Retail/Office Space

      Located in the heart of Fountain Square on Shelby Street.
      1135 Shelby St, Indianapolis, IN 46203
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Near Kroger Marketplace

      Retail space available near major retailers with high traffic.
      4911-4983 S Emerson Ave, Indianapolis, IN 46203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1625 Shelby St
    Indianapolis, IN 46203-2762
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1625 Shelby St, Indianapolis, IN, 46203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!