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    Property profile & analytics

    3340 Shelby St Indianapolis, IN 46227-3258

    • Truck terminals
    • 15,200 SF
    • 6.52 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Last Sale
    Mar 12, 2024
    Location Intelligence
    Property ID
    US31-0025731
    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.

    Current Use by Public Records

    • Bakers Express / Transportation Service

    Property Details for 3340 Shelby St

    Year built
    1952
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.52 lot acres
    Property size
    15,200 SF
    Zone code
    ZO01
    Property type
    Truck terminals
    APN
    49-11-25-105-019.000-500
    APU
    491125105019000500

    Description

    This exceptional industrial property, located at 3340 Shelby St, Indianapolis, IN 46227, presents a unique opportunity. The 7,465 square foot building sits on a fully paved 6.57-acre lot, offering ample space for truck terminal operations. Built in 1952 and extensively renovated in 2023, the single-story structure boasts a functional layout. Approximately 3,694 square feet are dedicated to office space, featuring a welcoming lobby, five private offices, three bathrooms, and a driver's lounge. The remaining 3,771 square feet comprises warehouse space, equipped with three existing 9'x9' dock doors, with the potential to add eleven more. The high ceilings, ranging from 11.5' to 13', provide excellent vertical clearance. The property's I-3 zoning ensures flexibility for various industrial uses. Its strategic location, just 1.5 miles from both I-465 and I-65, provides easy access to major transportation arteries and is only a few miles from downtown Indianapolis. The $16,000 per month NNN lease makes this a compelling investment. This fully paved lot offers significant potential for a variety of businesses seeking a well-maintained and conveniently located industrial space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $600,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $500,000
      Mixed-Use
      $610,000
      Hospitality
      $580,000
      Educational
      $640,000
      Residential Income
      $490,000
      Energy
      $525,000
      Income-Based Land
      $605,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1413
    Latitude
    39.7172
    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
    $22,654
    $456,500
    $354,300
    $810,800
    -
    $456,500
    $354,300
    $810,800

    Comparable in this City

    • Value Estimation
      $2,105,000
      21,435 SF

      3330 Shelby St

      TRUCK TERMINAL (MOTOR FREIGHT) • 21,435 SF
      3330 Shelby St, Indianapolis, IN 46227-3258
      View Details
    • Value Estimation by Request
      18,200 SF

      2950 Hanna Ave

      Distribution properties • 18,200 SF
      2950 Hanna Ave, Indianapolis, IN 46227
      View Details
    • Value Estimation by Request
      18,200 SF

      2950 Hanna Ave

      Distribution properties • 18,200 SF
      2950 Hanna Ave, Indianapolis, IN 46227
      View Details
    • Value Estimation by Request

      111 Antoinette Pl

      Distribution properties
      111 Antoinette Pl, Indianapolis, IN 46227
      View Details
    • Value Estimation by Request
      2,800 SF

      3120 Madison Ave

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      3120 Madison Ave, Indianapolis, IN 46227-1126
      View Details
    • Value Estimation
      $275,000
      0.69 Acres

      56th E St

      WAREHOUSE, STORAGE • 0.69 Acres
      56th E St, Indianapolis, IN 46227
      View Details

    Similar Nearby for Sale

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      Madison Avenue Warehouse with Yard

      3-acre Indianapolis warehouse with high visibility and expansive yard.
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    • New
      $1,000,000
      Pending

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    • Contact for pricing

      Commercial Land on Shelby Street

      0.5944 acres of commercial land with street frontage.
      4019 Shelby St, Indianapolis, IN 46227
      View Details
    • $750,000
      11,142 SF

      Indianapolis Office Building Investment Opportunity

      11,142 SF office building for sale in Indianapolis.
      5214 S East St, Indianapolis, IN 46227
      View Details

    Similar Nearby for Lease

    • $975 /Mo
      57,964 SF

      Indianapolis Office Space For Lease

      Office building with 57,964 square feet available for lease.
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    • $1,850 /Mo
      1,600 SF

      Renovated Office Space Near Mall

      Recently renovated 1,600 SF office space near Greenwood Park Mall.
      8915 S Keystone Ave, Indianapolis, IN 46227
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    • $1,125 /Mo
      57,964 SF

      Indianapolis Office Space For Lease

      Office building with 57,964 square feet available for lease.
      5401 S East St, Indianapolis, IN 46227
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    • $1,150,000
      624 SF

      Move-in Ready Office Space

      Office space for rent in a prime, park-like setting.
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    • $1,582 /Mo
      130,718 SF

      Adaptable Office and Retail Space

      Flexible commercial property with direct access and ample parking.
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      View Details
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    3340 Shelby St
    Indianapolis, IN 46227-3258
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    Realmo Value Estimation

    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.

    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.

    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
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