Technical
Financial
Distress signals
Property profile

4498 Keystone Ave Indianapolis, IN 46205

OFF-MARKET
Auto shops
Property ID
US31-1203360
1,305 SF 0.3 ac lot Built 1956
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of a contiguous assemblage of parcels located at 4498 N Keystone Ave, 4460 N Keystone Ave, 2325 E 45th St, 2323 E 45th St, 2301 E 45th St, and 2219 E 45th St in Indianapolis, Indiana, totaling approximately 1.63 acres and approximately 10,789 square feet of building area. The site includes frontage along Keystone Avenue and is adjacent to the Nickel Plate Trail corridor. Zoning includes I1 Light Industrial as well as C3/D5 commercial zoning, allowing for a range of redevelopment and adaptive reuse possibilities such as flex industrial redevelopment, contractor service bays, industrial condominiums, showroom/warehouse configurations, adaptive reuse commercial space, creative office or studio use, maker-space or artisan industrial uses, live/work concepts, and storage or service facilities. The buildings are largely vacant, which provides flexibility for repositioning and redevelopment planning; the assemblage is generally designed to be considered as a package, with the parcels capable of being divided in principle for appropriate redevelopment.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1956
Total area 1,305 SF
Lot 0.3 ac (13,255 SF)
APN 49-07-18-103-643.000-801
UPID US31-1203360

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Vehicle Inspection Center
  • Car Wash
  • Auto Repair Shop

Location

4498 Keystone Ave Indianapolis, IN 46205-2251
Indianapolis metro Census 322500 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2020
Last sale
$200,000
1 recorded transaction
2020
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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