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

    5210 Commerce Cir Indianapolis, IN 46237-9746

    • Industrial properties
    • 11,390 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0346632
    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

    • We Empower Home Care / Home Health Care Service
    • Grewals Automotive / Wheel Alignment Service / Auto Repair Shop

    Property Details for 5210 Commerce Cir

    Year built
    2009
    Construction
    METAL FRAME
    Lot size
    1.03 lot acres
    Property size
    11,390 SF
    Property type
    Industrial properties
    APN
    49-15-15-107-022.000-300
    APU
    491515107022000300

    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
    -86.0805
    Latitude
    39.656
    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
    $9,505
    $212,400
    $172,900
    $385,300
    -
    $212,400
    $172,900
    $385,300

    Comparable in this City

    • Value Estimation by Request
      15,605 SF

      5208 Commerce Sq Dr

      INDUSTRIAL (GENERAL) • 15,605 SF
      5208 Commerce Sq Dr, Indianapolis, IN 46237-8546
      View Details
    • Value Estimation by Request
      5,418 SF

      5328 Commerce Sq Dr

      INDUSTRIAL (GENERAL) • 5,418 SF
      5328 Commerce Sq Dr, Indianapolis, IN 46237-9742
      View Details
    • Value Estimation by Request
      13,500 SF

      5325 Commerce Sq Dr

      INDUSTRIAL (GENERAL) • 13,500 SF
      5325 Commerce Sq Dr, Indianapolis, IN 46237-9743
      View Details
    • Value Estimation by Request
      2,900 SF

      7320 Company Dr

      INDUSTRIAL (GENERAL) • 2,900 SF
      7320 Company Dr, Indianapolis, IN 46237-9274
      View Details
    • Value Estimation
      $635,000
      11,500 SF

      3235 Hanna Ave

      MINI-WAREHOUSE, STORAGE • 11,500 SF
      3235 Hanna Ave, Indianapolis, IN 46237-1224
      View Details
    • Value Estimation
      $840,000
      22,100 SF

      7375 Company Dr

      WAREHOUSE, STORAGE • 22,100 SF
      7375 Company Dr, Indianapolis, IN 46237-9598
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,337 SF

      61,337 SF Industrial Space

      61,337 SF industrial space with heavy power and ESFR.
      5343 Commerce Square Dr, Indianapolis, IN 46237
      View Details
    • $475,000
      1.74 Acres

      Prime Indianapolis Commercial Land

      1.74 Acres, C1 Zoning, Great Location
      5640 Emerson Ave, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Shelbyville Road Development Opportunity

      Prime Indianapolis Land, Mixed-Use Potential
      6711 Shelbyville Rd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Prime Indianapolis Retail Outlots

      Development-ready land near I-465.
      6120 Thompson Rd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Land with Development Potential

      Prime land suitable for townhomes, office, retail, or restaurant.
      6711 Shelbyville Rd, Indianapolis, IN 46237
      View Details
    • $550,000
      2 SF

      Prime Retail/Medical Land Opportunity

      2.08 acres ideal for retail or medical development.
      5901 E Thompson Rd, Indianapolis, IN 46237
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      101,640 SF

      Indianapolis Warehouse Space Available

      101,640 SF warehouse space for lease in Indianapolis.
      8816 S Arlington Ave, Indianapolis, IN 46237
      View Details
    • Contact for pricing
      37,380 SF

      Industrial Warehouse Space Available

      37,380 SF warehouse space for lease in Indianapolis.
      7535 Company Dr, Indianapolis, IN 46237
      View Details
    • $7 SF/Yr
      5,600 SF

      Industrial/Flex Space For Lease

      Multi-tenant industrial/flex property with convenient access to major interstates.
      5333 Commerce Square Dr, Indianapolis, IN 46237
      View Details
    • Contact for pricing
      572,850 SF

      Indianapolis Industrial Build-to-Suit Opportunity

      New industrial project with build-to-suit options and superior logistics.
      8640 S Arlington Ave, Indianapolis, IN 46237
      View Details
    • $9 SF/Yr
      4,070 SF

      Industrial Flex Space Available Now

      Flexible industrial suite available for lease with convenient highway access.
      5340 Commerce Cir, Indianapolis, IN 46237
      View Details
    • Contact for pricing
      1 SF

      Heeringa Farms Retail Opportunity

      Indianapolis Retail Land, Multiple Spaces
      0 Emerson Ave, Indianapolis, IN 46237
      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.
    5210 Commerce Cir
    Indianapolis, IN 46237-9746
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.