Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4841 Industrial Pkwy Indianapolis, IN 46226-2929

    • Warehouses
    • 4,000 SF
    • 1.91 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0855635
    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

    • Irie Home Care / Home Health Care Service
    • Cannon360 Photo Booth / Photography Service / Party Supply Store
    • READI CPR, LLC / Training Center / Vocational School
    • TK Cleaning LLC / (Bike/Boat/Book/etc) Store

    Property Details for 4841 Industrial Pkwy

    Year built
    1995
    Construction
    WOOD
    Lot size
    1.91 lot acres
    Property size
    4,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-08-07-115-007.000-407
    APU
    490807115007000407

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0184
    Latitude
    39.8447
    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
    $11,731
    $320,700
    $134,800
    $455,500
    -
    $320,700
    $134,800
    $455,500

    Comparable in this City

    • Value Estimation
      $1,645,000
      115,166 SF

      6800 Pendleton Pike

      MINI-WAREHOUSE, STORAGE • 115,166 SF
      6800 Pendleton Pike, Indianapolis, IN 46226-5662
      View Details
    • Value Estimation by Request
      6,300 SF

      7715 42nd St

      MINI-WAREHOUSE, STORAGE • 6,300 SF
      7715 42nd St, Indianapolis, IN 46226-5202
      View Details
    • Value Estimation by Request
      10,500 SF

      6445 Olivia Ln

      MINI-WAREHOUSE, STORAGE • 10,500 SF
      6445 Olivia Ln, Indianapolis, IN 46226-6157
      View Details
    • Value Estimation by Request
      5,400 SF

      8805 Pendleton Pike

      MINI-WAREHOUSE, STORAGE • 5,400 SF
      8805 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • Value Estimation
      $825,000
      29,698 SF

      3380 Post Rd

      MINI-WAREHOUSE, STORAGE • 29,698 SF
      3380 Post Rd, Indianapolis, IN 46226-6513
      View Details
    • Value Estimation by Request
      11,480 SF

      7801 38th St

      MINI-WAREHOUSE, STORAGE • 11,480 SF
      7801 38th St, Indianapolis, IN 46226-5982
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Indianapolis Development Land

      5.4 Acres, SU1 Zoning, High Visibility
      7676 38Th St, Indianapolis, IN 46226
      View Details
    • $1,220,000
      10,250 SF

      Industrial Property in Indianapolis

      10,250 SF industrial property available for sale.
      8846 E 33Rd St, Indianapolis, IN 46226
      View Details
    • $1,275,000

      Indianapolis 9-Unit Rental Portfolio

      High-Yield Multifamily Investment Opportunity
      3543 Payton Ave, Indianapolis, IN 46226
      View Details
    • $375,000
      1.43 Acres

      Prime Indianapolis Commercial Land

      1.43 Acres, High-Traffic Location, $375K
      3610 Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $943,857
      4,000 SF

      Pizza Hut Investment Opportunity

      NNN leased Pizza Hut with franchisee guarantee for sale.
      4537 N Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $1,200,000
      2.41 Acres

      High-Traffic Retail Land, Indy

      Prime 2.41-acre development site. High visibility, heavy traffic.
      3815 Shadeland Ave, Indianapolis, IN 46226
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      2,400 SF

      Indianapolis Flex Space Available

      Flex space with ample parking and excellent highway access.
      7525 E 39Th St, Indianapolis, IN 46226
      View Details
    • $5 SF/Yr
      486,634 SF

      Franklin Road Industrial Portfolio

      Large warehouse space; I-465 & I-70 access
      3131 Franklin Rd, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      57,567 SF

      Renovated Industrial Warehouse Space

      Renovated warehouse with modern refrigeration and efficient lighting systems.
      3120 N Post Rd, Indianapolis, IN 46226
      View Details
    • $9 SF/Yr
      43,200 SF

      Jackson Industrial Park: Flex Space Available

      Indianapolis Flex Space: 1,600-7,200 SF Units
      8768 33Rd St, Indianapolis, IN 46226
      View Details
    • $18 SF/Yr
      10,000 SF

      Pike Plaza: Prime Lawrence Retail

      Flex space, ideal for various uses.
      7848 Pendleton Pike, Lawrence, IN 46226
      View Details
    • Contact for pricing
      3,519 SF

      Flex Space with Interstate Access

      Clean flex space with easy interstate access and ample parking.
      3250 N Post Rd, Indianapolis, IN 46226
      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.
    4841 Industrial Pkwy
    Indianapolis, IN 46226-2929
    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.