Financial
Distress signals
Property profile

1834 38th St Indianapolis, IN 46218

OFF-MARKET
Other commercial real estate
Property ID
US31-0492346
5,760 SF 0.14 ac lot Built 1954
Last sale Nov 2019 · $124,350
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 3,200-square-foot retail building with street frontage providing visibility and on-site parking. The property has documented building-system improvements, including a replaced roof, an HVAC system, and a hot water heater. It is accessed from 38th Street and is located near the Indiana State Fairgrounds. The space was set up for operation as a retail business and includes business equipment described as being in like-new condition.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$86k
Assessed land$6k
Assessed improvement$80k
Effective rate2.74%

Value estimate

· Sep 2026
$215k
$194k – $237k
AI approach$215k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.7
Law Firm20.7
Dental Office14.9

Location

1834 38th St Indianapolis, IN 46218-1022
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5510 21st, Indianapolis, IN 46218-4902 $40,000 Dec 2024 3,000 SF
2709 Sta, Indianapolis, IN 46218-2956 $9,500 Oct 2024 3,356 SF
5252 24th, Indianapolis, IN 46218-3905 $160,000 Nov 2022 3,600 SF
2302 Spencer, Indianapolis, IN 46218 $110,000 Jul 2022 5,034 SF
4002 26th, Indianapolis, IN 46218-3006 $80,000 Dec 2018 3,744 SF
3440 Hovey, Indianapolis, IN 46218-1071 $90,000 Nov 2018 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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