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Property profile & analytics
OFF-MARKET
Retail space
2620 Shelby St Indianapolis, IN 46203-5229
Entity Owned
8-yr Hold
Free & Clear
Property ID
US31-0045333
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
TYPE NOT SPECIFIED
Total area
1,953 SF
Lot
0.12 ac (5,200 SF)
Zoning code
ZO01
APN
49-11-24-156-034.000-101
UPID
US31-0045333
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Listen Hear Art Gallery Radio Broadcaster
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Big Car Media INC · 8 yrs held
Big Car Media INC
since 2017
5 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$52,900
Assessed 2023
Previous assessed
$52,900
+0.0% YoY
Assessed land
$12,000
Assessed improvement
$40,900
Land market value
$12,000
Improvement market value
$40,900
Total market value
$52,900
Applied tax rate
101.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
1,953 SF
Lot
0.12 ac (5,200 SF)
Zoning code
ZO01
APN
49-11-24-156-034.000-101
UPID
US31-0045333
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1930
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Big Car Media INC
Entity
Free & Clear · 8 yrs held
Mailing address
1125 CRUFT ST, INDIANAPOLIS, IN 46203-5352
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2017
—
Big Car Media INC
Riley Area Dev Corp
Grant Deed
—
Apr 14, 2015
$67,000
Riley Area Dev Corp
Jwk Properties LLC
Warranty Deed
—
Sep 10, 2013
$44,900
Jwk Properties LLC
S & C Financial Group LLC
Warranty Deed
—
Feb 21, 2013
—
S & C Financial Group LLC
Auditor Of Marion County
Tax Deed
related
—
Apr 15, 2005
$24,000
Fox,tony L
Violet L Anderson
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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