Technical
Financial
Distress signals
Property profile

5060 38th St Indianapolis, IN 46218

OFF-MARKET
Grocery and convenience stores
Property ID
US31-0027032
2,718 SF 0.51 ac lot Built 1959
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1959
Construction WOOD
Total area 2,718 SF
Lot 0.51 ac (22,216 SF)
Zoning code ZO01
APN 49-07-16-123-018.000-801
UPID US31-0027032

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 Take-out & Catering
  • Gas Station
  • Grocery & Convenience Store

Location

5060 38th St Indianapolis, IN 46218-1715
Indianapolis metro Census 322700 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2020
$17,700
2014
Price N/A
2014
$200,000
2007
Price N/A
2007
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

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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