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    Property profile & analytics

    3842 Emerson Ave Beech Grove, IN 46107

    • Turn key restaurants
    • 2,138 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Location Intelligence
    Property ID
    US31-0500161
    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

    • Turn key restaurants

    Property Details for 3842 Emerson Ave

    Year built
    1997
    Lot size
    0.59 lot acres
    Property size
    2,138 SF
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    49-10-28-109-004.000-502
    APU
    491028109004000502

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beech Grove
    County
    Marion
    State
    Indiana
    Longitude
    -86.0833
    Latitude
    39.7108
    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
    $9,688
    $113,100
    $142,600
    $255,700
    -
    $113,100
    $142,600
    $255,700

    Comparable in this City

    • Value Estimation
      $345,000
      2,856 SF

      104 2nd Ave

      RESTAURANT • 2,856 SF
      104 2nd Ave, Beech Grove, IN 46107-1306
      View Details
    • Value Estimation
      $315,000
      5,732 SF

      617 Main St

      RESTAURANT • 5,732 SF
      617 Main St, Beech Grove, IN 46107-1841
      View Details
    • Value Estimation
      $310,000
      4,800 SF

      609 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      609 Main St, Beech Grove, IN 46107
      View Details
    • Value Estimation
      $335,000
      8,870 SF

      575 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,870 SF
      575 Main St, Beech Grove, IN 46107-1839
      View Details
    • Value Estimation
      $335,000
      1,501 SF

      1625 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,501 SF
      1625 Main St, Beech Grove, IN 46107-1550
      View Details
    • Value Estimation
      $350,000
      6,160 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,160 SF
      202 Main St, Beech Grove, IN 46107-1863
      View Details

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      Well-maintained retail building in Beech Grove with high visibility.
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      Beech Grove Church and Facility

      Two properties totaling nearly 20,000 SF in Beech Grove.
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    Property Visit Statistics

    • Visits by month
      27.9k
    • Visitors by month
      16.4k
    • Avg Time on site
      12 min
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    3842 Emerson Ave
    Beech Grove, IN 46107
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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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