Property profile

511 Werges Ave Indianapolis, IN 46227

OFF-MARKET
Parking lots & garages
Property ID
US31-1235591
9,100 SF 0.42 ac lot Built 1965
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1965
Total area 9,100 SF
Lot 0.42 ac (18,108 SF)
Zoning code ZO01
APN 49-11-25-104-005.000-570
UPID US31-1235591

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
  • Auto Repair Shop
  • Auto Repair Shop

Location

511 Werges Ave Indianapolis, IN 46227-1164
Indianapolis metro Census 380200 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2011
3 recorded transactions
2011
Price N/A
2004
Price N/A
1969
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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