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    Property profile & analytics

    3904 Grand Ave Indianapolis, IN 46226-4472

    • Residential income homes
    • 3,364 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $120,000
    Last Sale
    May 16, 2024
    $102,500
    Location Intelligence
    Property ID
    US31-3308663
    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

    • Alvin Alan Insurance Company / Insurance Agency

    Property Details for 3904 Grand Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    3,364 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    49-07-15-117-029.000-401
    APU
    490715117029000401

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $145,000
      6.5%
      $145,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $145,000
      Mixed-Use
      $160,000
      Hospitality
      $175,000
      Educational
      $165,000
      Residential Income
      $130,000
      Energy
      $145,000
      Income-Based Land
      $150,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0825
    Latitude
    39.8276
    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
    $2,657
    $6,900
    $105,100
    $112,000
    -
    $6,900
    $105,100
    $112,000

    Comparable in this City

    • Value Estimation
      $100,000
      3,318 SF

      3902 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,318 SF
      3902 Grand Ave, Indianapolis, IN 46226-4476
      View Details
    • Value Estimation
      $80,000
      3,420 SF

      3903 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,420 SF
      3903 Grand Ave, Indianapolis, IN 46226-4480
      View Details
    • Value Estimation
      $325,000
      3,471 SF

      3901 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,471 SF
      3901 Grand Ave, Indianapolis, IN 46226-4478
      View Details
    • Value Estimation by Request
      1,600 SF

      7801 38th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
      7801 38th St, Indianapolis, IN 46226-5982
      View Details
    • Value Estimation
      $180,000
      2,121 SF

      8820 45th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,121 SF
      8820 45th St, Indianapolis, IN 46226-4230
      View Details
    • Value Estimation by Request

      3543 Payton Ave

      Multifamily properties
      3543 Payton Ave, Indianapolis, IN 46226
      View Details

    Similar Nearby for Sale

    • $1,275,000

      Indianapolis 9-Unit Rental Portfolio

      High-Yield Multifamily Investment Opportunity
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    • New
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      13,400 SF

      Indianapolis Multi-Family Investment Opportunity

      17-unit rental portfolio near I-465 in Indianapolis.
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      Indianapolis Quadruplex Investment Opportunity

      Four rent-ready units with consistent income in a desirable location.
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    • $1,200,000
      2.41 Acres

      High-Traffic Retail Land, Indy

      Prime 2.41-acre development site. High visibility, heavy traffic.
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      View Details
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      4,000 SF

      Pizza Hut Net Lease Investment

      High-yield Pizza Hut, Indianapolis, IN
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      Prime Indianapolis Shopping Center

      Retail Investment Opportunity: 8,481 SF
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    Similar Nearby for Lease

    • $4,500 /Mo
      10,800 SF

      Pendleton Pike Retail Space Available

      Versatile retail space in high-traffic area with flexible layout.
      7027 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on S. Emerson

      Retail space with frontage on S. Emerson Avenue.
      5135 S Emerson Ave, Indianapolis, IN 46226
      View Details
    • $20 SF/Yr
      2,250 SF

      Retail Space on South Emerson

      Retail property for lease in Indianapolis with high visibility.
      4830-4856 S Emerson Ave, Indianapolis, IN 46226
      View Details
    • $9 SF/Yr
      43,200 SF

      Jackson Industrial Park: Flex Space Available

      Indianapolis Flex Space: 1,600-7,200 SF Units
      8768 33Rd St, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Pendleton Pike

      Retail spaces with high visibility and easy access.
      4060-4086 Pendleton Way, Indianapolis, IN 46226
      View Details
    • $8 SF/Yr
      2,400 SF

      Indianapolis Flex Space Available

      Flex space with ample parking and excellent highway access.
      7525 E 39Th St, Indianapolis, IN 46226
      View Details
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    3904 Grand Ave
    Indianapolis, IN 46226-4472
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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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