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Property profile & analytics
OFF-MARKET
Office Spaces
415 Shortridge Rd Indianapolis, IN 46219-7407
Entity Owned
~
Est. High Equity
Property ID
US31-0138805
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Construction
WOOD
Total area
3,315 SF
Lot
3.75 ac (163,417 SF)
Zoning code
ZO01
APN
49-10-12-116-006.000-700
UPID
US31-0138805
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
-
In His Arms Child Care Daycare Center Foster Care Service
-
In His Arms Child Care Ministry Daycare Center Foster Care Service
-
Indiana Association-Credit Association Or Organization
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
Bhullar Deol Properties INC
Bhullar Deol Properties INC
since 2025
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$289,900
Assessed 2023
Previous assessed
$289,900
+0.0% YoY
Assessed land
$141,400
Assessed improvement
$148,500
Land market value
$141,400
Improvement market value
$148,500
Total market value
$289,900
Applied tax rate
700.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,315 SF
Lot
3.75 ac (163,417 SF)
Zoning code
ZO01
APN
49-10-12-116-006.000-700
UPID
US31-0138805
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Lot
3.75 ac
Current owner
From public records · entity-resolved
Bhullar Deol Properties INC
Entity
Mailing address
6052 SHALLOW CRK LN, INDIANAPOLIS, IN 46237-0020
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
Bhullar Deol Properties INC
Cornerstone Church Of Indianapolis
Warranty Deed
—
Nov 15, 2023
—
Bhullar Deol Properties INC
Cornerstone Church Of Indinapolis I
Warranty Deed
—
Jan 12, 2018
—
Cornerstone Ch Of Indianapolis In
—
Deed
related
$262,500 · Velocity Com'l Cap
Feb 10, 2015
$349,000
Cornerstone Ch Of Indianapolis In
Short Ridge Ents LLC
Grant Deed
$344,000 · Short Ridge Ents LLC
Jun 24, 2013
$230,000
Short Ridge Ents LLC
Indiana Assn Of Credit Mgmt Svc I
Warranty Deed
—
—
—
National Assn Of Credit Mgmt INC
—
Deed Of Trust
related
$250,000 · National Assn/credit Mgmt Grt
—
—
Cornerstone Ch Of Indianapolis In
—
Deed Of Trust
related
$262,500 · Velocity Com'l Cap
—
—
Indiana Assn Of Credit Mgmt Svc I
—
Deed Of Trust
related
$250,000 · National Assn/credit Mgmt INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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