Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1750 E 37Th St Indianapolis, IN 46218

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1750 E 37Th St Indianapolis, IN 46218

    View on Map
    • Manufacturing properties
    • 15,596 SF
    • 0.78 lot acres
    For Sale
    View Listing →
    Industrial Property Near Eastside Location For Sale
    Contact for pricing
    15,600 SF

    Industrial Property Near Eastside Location

    Industrial property with excellent transportation connectivity and redevelopment potential.

    1750 E 37th St, Indianapolis, IN 46218
    View Listing
    Property ID
    US31-0158132
    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

    • Van Westrum Corporation / Painting / Powder Coating Service

    Property Details for 1750 E 37Th St

    Year built
    1963
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.78 lot acres
    Property size
    15,596 SF
    Property type
    Manufacturing properties
    APN
    49-07-19-109-003.000-101
    APU
    490719109003000101

    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
    -86.1301
    Latitude
    39.8231
    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
    $5,259
    $49,000
    $140,600
    $189,600
    -
    $49,000
    $140,600
    $189,600

    Comparable in this City

    • Value Estimation
      $550,000
      27,863 SF

      2165 Sherman Dr

      MANUFACTURING (LIGHT) • 27,863 SF
      2165 Sherman Dr, Indianapolis, IN 46218-3817
      View Details
    • Value Estimation by Request
      10,955 SF

      4707 Massachusetts Ave

      MANUFACTURING (LIGHT) • 10,955 SF
      4707 Massachusetts Ave, Indianapolis, IN 46218-3144
      View Details
    • Value Estimation by Request
      41,932 SF

      2051 Sherbrook Ave

      Distribution properties • 41,932 SF
      2051 Sherbrook Ave, Indianapolis, IN 46218
      View Details
    • Value Estimation
      $3,000,000
      74,280 SF

      1458 19th St

      MANUFACTURING (LIGHT) • 74,280 SF
      1458 19th St, Indianapolis, IN 46218-4228
      View Details
    • Value Estimation
      $665,000
      18,487 SF

      1951 Bloyd Ave

      MANUFACTURING (LIGHT) • 18,487 SF
      1951 Bloyd Ave, Indianapolis, IN 46218-3534
      View Details
    • Value Estimation
      $1,065,000
      50,176 SF

      3333 Massachusetts Ave

      MANUFACTURING (LIGHT) • 50,176 SF
      3333 Massachusetts Ave, Indianapolis, IN 46218-3754
      View Details

    Similar Nearby for Sale

    • $3,900,000
      43,000 SF

      Indianapolis Industrial Investment Opportunity

      40,000 SF building on 5.5 acres, leased to manufacturing company.
      2121 Hillside Ave, Indianapolis, IN 46218
      View Details
    • $299,000
      3,600 SF

      Indianapolis Industrial Flex Building For Sale

      Industrial flex building with highway visibility, suitable for various businesses.
      5252 E 24Th St E, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      15,600 SF

      Industrial Property Near Eastside Location

      Industrial property with excellent transportation connectivity and redevelopment potential.
      1750 E 37Th St, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      9,060 SF

      Indianapolis Warehouse with Outdoor Storage

      Warehouse with office space and expansive outdoor storage available for sale.
      2130 Winter Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      31,000 SF

      Industrial Warehouse Space Available

      31,000 SF warehouse/industrial property for sale.
      5111 E 30Th St, Indianapolis, IN 46218
      View Details
    • $1,250,000
      1,743 SF

      Indianapolis Retail Opportunity on Arlington

      1,743 SF building on 0.43-acre lot with C-4 zoning.
      2102 N Arlington Ave, Indianapolis, IN 46218
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Indianapolis Industrial Buildings For Lease

      Ten industrial buildings for lease on 33.95 acres.
      1761 N Sherman Dr, Indianapolis, IN 46218
      View Details
    • Contact for pricing

      Indianapolis Industrial/Flex Space For Lease

      Versatile industrial/flex space with customizable layouts and secured outdoor storage.
      5640 Massachusetts Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      75,566 SF

      Renovated Indianapolis Warehouse Space

      75,566 SF renovated warehouse space available Q1 2025.
      2222 Hillside Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      5,500 SF

      Industrial/Flex Space with Outdoor Storage

      Versatile industrial/flex space with customizable layouts and outdoor storage.
      5620-5640 Massachusetts Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing

      Versatile Industrial/Flex Space Available

      Industrial/flex space with secured outdoor storage, convenient location, renovated in 2025.
      5702 Massachusetts Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Units Available For Lease

      Multiple industrial units available for lease with highway access.
      4805 Punjab Dr, Indianapolis, IN 46218
      View Details
    View Listing
    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.
    1750 E 37Th St
    Indianapolis, IN 46218
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!