Entity Owned 
For Sale
1 / 64
$3,820,000
20 N Meridian St, Indianapolis, IN 46204
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Property summary
AI-generated overview
Historic office space is located directly on Monument Circle in Downtown Indianapolis within the Guaranty Building, which was designed by a local architectural firm and completed in 1923 after construction began in 1922. The building has retained much of its original design, including a curved limestone facade, and it is situated at a prominent public location with access to public transit and surrounding pedestrian activity. Monument Circle serves as an event venue and has undergone infrastructure and streetscape upgrades, contributing to ongoing public use of the area.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1923
Construction
TYPE NOT SPECIFIED
Total area
43,210 SF
Lot
0.25 ac (11,080 SF)
Zoning code
ZO01
APN
49-11-01-240-029.001-101
UPID
US31-0195991
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Consultant
-
(Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Business Management Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$3.82M
Owner & transaction history
since 2013
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Top alternative use upside
Auto repair, garage
$3.4M
+6.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.82M
Value range
$3.44M – $4.20M
±10% around blend
Estimated value / SF
$88 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$3.44M
blend $3.82M
$4.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
43,210 SF
Lot area
0.25 ac
Year built
1923
Stories
10
APN
49-11-01-240-029.001-101
Zoning
ZO01
Assessed value
$6,375,900
Annual tax
$164,023
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$164,023
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.16M
Range $1.29M – $5.16M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 181 sales
$75
+18%
County 165 sales
$66
+34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $88/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+6%
vs current-use indication
Commercial (general) · current use
Retail Stores
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$19.28M
Move the market yield to see immediate price impact.
Value / SF
$446
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.21M
$24.29M
$17.35M
$13.49M
$1.35M
$26.99M
$19.28M
$14.99M
$1.48M
$29.69M
$21.20M
$16.49M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$164,023
Tax year 2023
Assessed value
$6,375,900
Assessed 2023
Previous assessed
$6,375,900
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$1,462,600
Assessed improvement
$4,913,300
Land market value
$1,462,600
Improvement market value
$4,913,300
Total market value
$6,375,900
Applied tax rate
101.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1923
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
10
Total area
43,210 SF
Lot
0.25 ac (11,080 SF)
Zoning code
ZO01
APN
49-11-01-240-029.001-101
UPID
US31-0195991
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
10
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ZO01
Jurisdiction
Indianapolis, IN
Recorded code
ZO01
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ZO01 in Indianapolis, IN.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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