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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4825 96th St Indianapolis, IN 46240-3800

    • Strip malls
    • 29,190 SF
    • 5.78 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0964982
    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.

    Current Use by Public Records

    • Storyteller Behind the Hair / Hair Salon / Make-Up Artist
    • Kavis Skin Care / Beauty Salon
    • Jasmine Thai Restaurant / Asian Restaurant / Bar
    • Fiore Hair Salon - Premier Hair, Extensions and Nails Salon / Hair Salon / Beauty Salon
    • Invigorate Spa / Skin Care Clinic / Day Spa

    Property Details for 4825 96th St

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.78 lot acres
    Property size
    29,190 SF
    Zone code
    ZO01
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    49-02-16-109-007.000-800
    APU
    490216109007000800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $641,000
      Market price range: $257k - $642k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $435,000
      Current use
      COMMERCIAL (GENERAL)
      $645,000
      Change: +49% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0871
    Latitude
    39.9259
    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
    $104,758
    $2,007,900
    $2,119,500
    $4,127,400
    -
    $2,007,900
    $2,119,500
    $4,127,400

    Comparable in this City

    • Value Estimation
      $690,000
      39,040 SF

      4705 96th St

      SHOPPING CENTER, STRIP CENTER • 39,040 SF
      4705 96th St, Indianapolis, IN 46240-1486
      View Details
    • Value Estimation by Request
      29,465 SF

      8571 Keystone Xingcx

      SHOPPING CENTER, STRIP CENTER • 29,465 SF
      8571 Keystone Xingcx, Indianapolis, IN 46240
      View Details
    • Value Estimation by Request
      1,307 SF

      8507 Westfield Blvd

      SHOPPING CENTER, STRIP CENTER • 1,307 SF
      8507 Westfield Blvd, Indianapolis, IN 46240-2369
      View Details
    • Value Estimation
      $685,000
      58,057 SF

      7225 Keystone Ave

      SHOPPING CENTER, STRIP CENTER • 58,057 SF
      7225 Keystone Ave, Indianapolis, IN 46240-3291
      View Details
    • Value Estimation by Request
      18,361 SF

      3141 96th St

      SHOPPING CENTER, STRIP CENTER • 18,361 SF
      3141 96th St, Indianapolis, IN 46240
      View Details
    • Value Estimation by Request
      11,413 SF

      3890 82nd St

      SHOPPING CENTER, STRIP CENTER • 11,413 SF
      3890 82nd St, Indianapolis, IN 46240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.65 Acres

      Westfield Blvd Retail Outlot

      Prime Indy location, 0.65 acres, C-4 zoning
      8520 Westfield Blvd, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      8,545 SF

      Restaurant/Retail Opportunity in Keystone Crossing

      Former restaurant with frontage on 96th Street in Indianapolis.
      3835 E 96Th St, Indianapolis, IN 46240
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    • $615,000

      Prime Nora Commercial Land

      Indianapolis development opportunity.
      1005 86Th St, Indianapolis, IN 46240
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    • Contact for pricing
      40,000 SF

      Two-Story Office Building with Atrium

      Two-story office building with strong tenant base and water views.
      8200 Haverstick Rd, Indianapolis, IN 46240
      View Details
    • $1,650,000
      3.00 Acres

      96th and Haverstick Rd

      Land • 3.00 Acres
      2850 96Th St, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      Pending

      Residential Lot Near White River

      Residential lot in River Park community, close to Keystone.
      2424 Beach Ave, Indianapolis, IN 46240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,234 SF

      Indianapolis Retail Center Investment Opportunity

      Prime Indianapolis retail space available.
      3905 96Th St, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Clearwater Shoppes

      Retail space available in a prominent Indianapolis commercial area.
      3841-3981 E 82Nd St, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      1,407 SF

      Retail Space Near Keystone Crossing

      Commercial leasing opportunity in a prime Indianapolis location.
      8487 Union Chapel Rd, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Indianapolis Center

      Retail space available in busy Indianapolis shopping center.
      7225-7235 N Keystone Ave, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Busy Center

      Retail space available in a Walmart-anchored shopping center.
      7255 N Keystone Ave, Indianapolis, IN 46240
      View Details
    • Contact for pricing
      6,942 SF

      Retail Space in Carmel Gateway

      Retail space available in a high-traffic, affluent area.
      900 East 96Th St, Indianapolis, IN 46240
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.4k
    • Avg Time on site
      19 min
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    4825 96th St
    Indianapolis, IN 46240-3800
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    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
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