Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4603 Harding St Indianapolis, IN 46217-9550
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4603 Harding St Indianapolis, IN 46217-9550

    View on Map
    • Retail space
    • 2,261 SF
    • 0.75 lot acres
    Off-Market
    Property ID
    US31-3555398
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurante Oaxaca / Restaurant
    • Private vape inc / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • INDY GRAPHICS / Car Wash

    Property Details for 4603 Harding St

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.75 lot acres
    Property size
    2,261 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    49-11-34-105-003.000-500
    APU
    491134105003000500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1858
    Latitude
    39.6984
    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
    $2,523
    $26,900
    $63,400
    $90,300
    -
    $26,900
    $63,400
    $90,300

    Comparable in this City

    • Value Estimation
      $2,590,000
      29,793 SF

      8300 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 29,793 SF
      8300 Meridian St, Indianapolis, IN 46217-4943
      View Details
    • Value Estimation by Request
      10,112 SF

      1345 Southport Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,112 SF
      1345 Southport Rd, Indianapolis, IN 46217-5395
      View Details
    • Value Estimation by Request
      1,624 SF

      2179 Blf Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,624 SF
      2179 Blf Ave, Indianapolis, IN 46217
      View Details
    • Value Estimation
      $635,000
      22,284 SF

      8013 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 22,284 SF
      8013 Meridian St, Indianapolis, IN 46217
      View Details
    • Value Estimation by Request
      2,490 SF

      4004 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 2,490 SF
      4004 Meridian St, Indianapolis, IN 46217-3310
      View Details
    • Value Estimation by Request
      2,000 SF

      5225 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      5225 Meridian St, Indianapolis, IN 46217-3771
      View Details

    Similar Nearby for Sale

    • $500,000
      8.68 Acres

      9 Acres Untapped Potential Indianapolis

      9-acre parcel, 14 minutes from downtown Indianapolis. Prime build sites.
      6630 S Meridian St, Indianapolis, IN 46217
      View Details
    • Contact for pricing
      0.16 Acres

      Residential Lots in Indianapolis, IN

      Residential lots available in Indianapolis, Indiana.
      3011 Arbor Ave, Indianapolis, IN 46217
      View Details
    • Contact for pricing

      Heartland Crossing Commercial Land Available

      Commercial land available in Heartland Crossing PUD, Indiana.
      8189 Upland Bnd, Camby, IN 46217
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      1.36 acres of commercial land near downtown Indianapolis.
      7555-7607 S Meridian St, Indianapolis, IN 46217
      View Details
    • Contact for pricing

      Agricultural Land in Booming Corridor

      7.78 AC agricultural land with greenhouse and house.
      950 W Hanna Ave, Indianapolis, IN 46217
      View Details
    • $200,000

      Commercial Land with Existing Structure

      Commercial land with existing structure, prime for redevelopment or office.
      8809 South Meridian St, Indianapolis, IN 46217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Near Future I-69

      Retail spaces available near Southport Road and future I-69.
      1330-1350 W Southport Rd, Indianapolis, IN 46217
      View Details
    • Contact for pricing
      3,733 SF

      Retail Space Near Carson Square

      10,226 SF retail space in densely populated area.
      3141 E Thompson Rd, Indianapolis, IN 46217
      View Details
    • Contact for pricing
      2,093 SF

      Prime Office Space Available

      Highly visible office space with convenient highway access.
      8902-9002 N Meridian St, Indianapolis, IN 46217
      View Details
    • Contact for pricing

      Office Space I-69 & I-465 Access

      Office space with convenient access to I-69 and I-465.
      5551 S Belmont Ave, Indianapolis, IN 46217
      View Details
    • Contact for pricing
      25,000 SF

      Camby Land Available For Lease

      2.814 acre lot available for build-to-suit lease.
      Leases Corner Ct, Camby, IN 46217
      View Details
    • $700 /Mo
      1,300 SF

      Private Office Space For Lease

      Office space for lease in Perry Township, Indianapolis.
      8001 S Meridian St, Indianapolis, IN 46217
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4603 Harding St
    Indianapolis, IN 46217-9550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!