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Property profile & analytics
OFF-MARKET Estimated value $745,000
Hotels

4505 Harding St Indianapolis, IN 46217-9266

76,425 SF 5.22 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-3469553
Property summary
AI-generated overview

This exceptional 5.217-acre commercial land parcel presents a unique investment opportunity in Indianapolis's thriving South submarket. Strategically located at the intersection of Harding Street and I-465, this property offers unparalleled access to major transportation arteries, significantly reducing commute times and enhancing logistical efficiency. The site is zoned MU-1 within Marion County, providing flexibility for a range of industrial uses. The property is available for lease at a monthly rate of $20,000 on a triple-net basis. Its proximity to the I-465 and Harding Street interchange ensures high visibility and easy access for employees and clients alike. Furthermore, its advantageous location just six miles from the Indianapolis International Airport adds significant value for businesses requiring seamless air freight connections. This is a rare opportunity to acquire a substantial land holding in a highly desirable location, ideal for businesses seeking to establish a strong presence in a rapidly growing area. The single-tenant configuration offers simplicity and control, making it an attractive proposition for discerning investors and businesses alike. Don't miss this chance to secure this prime industrial land and capitalize on its exceptional location and potential.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 76,425 SF
Lot 5.22 ac (227,252 SF)
APN 49-11-34-105-007.000-500
UPID US31-3469553
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
$807k
Blend (final) Blend
$745k
Owner & transaction history
Harding Street INC · 4 yrs held
Harding Street INC
since 2022
7 recorded transactions
2022
Price N/A
2010
$390,000
2009
$894,310
2008
Price N/A
2007
$1.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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