Technical
Financial
Distress signals
Property profile

456 Elbert St Indianapolis, IN 46227

OFF-MARKET
Retail space
Property ID
US31-0722072
5,636 SF 1.42 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Construction WOOD
Total area 5,636 SF
Lot 1.42 ac (61,748 SF)
APN 49-11-36-106-021.000-500
UPID US31-0722072

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
  • Restaurant

Location

456 Elbert St Indianapolis, IN 46227-1657
Indianapolis metro Census 380600 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$670k
Blend (final) Blend
$665k

Owner & transaction history

since 2022
5 recorded transactions
2026
Price N/A
2022
Price N/A
2020
Price N/A
2020
$395,000
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $450,000 +6.6%
Commercial (general) $420,000 +0.2%

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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