Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3733 Meridian St Indianapolis, IN 46208-4362
    Property profile & analytics

    3733 Meridian St, Indianapolis, IN 46208-4362

    View on Map
    • Office Spaces
    • 11,556 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US31-3513826
    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
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Indiana Youth Group / Child Welfare Organization / Charitable Organization
    • Indy Pride / High School
    • M D Strum Housing Services / Business Management Consultant
    • Indiana Pride of Color, Inc. / Charitable Organization / Social Service Agency
    • GenderNexus / Advocacy Group

    Property Details for 3733 Meridian St

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.69 lot acres
    Zone code
    ZO01
    Property type
    Office Spaces
    APN
    49-06-24-162-004.000-101
    APU
    490624162004000101

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 4, 2017 — Indiana Youth Group INC Jp Morgan Chase Bk NA Grant Deed —
    Mar 5, 2014 $588,000 Morgan Chase Bk NA Jp Sheriff Of Marion County Trustees Deed · related —
    Oct 24, 2007 — Md Strum Housing Services INC 3733 North Meridian Street LLC Grant Deed · related —
    Dec 28, 2004 — 3733 North Meridian Street LLC Meyer Family Warranty Deed $602k · Meyer Family LP

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,369,000
      Market price range: $344k - $1.38M
      AI Estimate
      $693,000
      Market price range: $187k - $886k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $865,000
      Current use
      AUTO REPAIR, GARAGE
      $920,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $865,000
      Change: -0% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $720,000
      Change: -17% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1562
    Latitude
    39.823
    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
    $0.00
    $99,000
    $610,100
    $709,100
    -
    $99,000
    $610,100
    $709,100

    Comparable in this City

    • Value Estimation
      $5,815,000
      188,144 SF

      4600 Sunset Ave

      OFFICE (GENERAL)
      4600 Sunset Ave, Indianapolis, IN 46208-3443
      View Details
    • Value Estimation
      $4,285,000
      43,704 SF

      3450 Meridian St

      OFFICE (GENERAL)
      3450 Meridian St, Indianapolis, IN 46208-4437
      View Details
    • Value Estimation by Request
      2,169 SF

      3360 Meridian St

      OFFICE (GENERAL)
      3360 Meridian St, Indianapolis, IN 46208-5832
      View Details
    • Value Estimation
      $1,365,000
      43,469 SF

      250 49th St

      OFFICE (GENERAL)
      250 49th St, Indianapolis, IN 46208
      View Details
    • Value Estimation by Request
      3,825 SF

      3402 Blvd Pl

      OFFICE (GENERAL)
      3402 Blvd Pl, Indianapolis, IN 46208-4489
      View Details
    • Value Estimation by Request
      3,772 SF

      101 28th St

      OFFICE (GENERAL)
      101 28th St, Indianapolis, IN 46208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,000 SF

      Class A Office Space Midtown

      Class A office space with amenities and Meridian Street visibility.
      2955-2960 N Meridian St, Indianapolis, IN 46208
      View Details
    • $50,000
      Pending

      Residential Lots in Indianapolis, IN

      Vacant residential lot available in Indianapolis, Indiana.
      3945 Graceland Ave, Indianapolis, IN 46208
      View Details
    • $49,000
      0.14 Acres

      Residential Lot in Redeveloping Area

      Residential lot in Indianapolis near downtown and local amenities.
      1340 W 25Th St, Indianapolis, IN 46208
      View Details
    • Contact for pricing
      3,059 SF

      Retail Property on West 30th

      Retail property available for sale, totaling 3,059 square feet.
      715 W 30Th St, Indianapolis, IN 46208
      View Details
    • New
      $775,000
      0.30 Acres

      English-Tudor Duplex with Screen Porches

      Brick duplex featuring two mirror-image units with fireplaces, screen porches, and a detached two-car garage.
      36 W 56Th St, Indianapolis, IN 46208
      View Details
    • $499,900

      Land Available on Capitol Avenue

      Land for sale at 2902 N Capitol Avenue, Indianapolis.
      2902 N Capitol Ave, Indianapolis, IN 46208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,059 SF

      Remodeled Office Building For Sale

      Recently remodeled office building with high visibility and convenient location.
      3951 N Meridian St, Indianapolis, IN 46208
      View Details
    • Contact for pricing

      Office Space in Center Township

      Office space for rent with utilities included and ample parking.
      3737 N Meridian St, Indianapolis, IN 46208
      View Details
    • Contact for pricing
      8,500 SF

      New Office or Retail Space

      Office or retail space available in senior housing development.
      3901 N Meridian St, Indianapolis, IN 46208
      View Details
    • Contact for pricing
      40,000 SF

      Renovated Industrial Space, Indianapolis

      40,000 SF renovated industrial space near downtown Indianapolis.
      1337 West 29Th St, Indianapolis, IN 46208
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Space Available

      Up to 2 acres of fenced, lit industrial storage.
      2235 Montcalm St, Indianapolis, IN 46208
      View Details
    • Contact for pricing
      3,312 SF

      Restaurant Space with Drive-Thru

      3,312 SF restaurant space with drive-thru on 0.78 acres.
      3750 North Illinois St, Indianapolis, IN 46208
      View Details
    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.
    3733 Meridian St
    Indianapolis, IN 46208-4362
    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

    Thank You for Inquiry
    3733 Meridian St, Indianapolis, IN, 46208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!