Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    5316 16th St Indianapolis, IN 46224-6403

    • Retail space
    • 420 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 15, 2021
    Location Intelligence
    Property ID
    US31-1000266
    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

    • The Lathery Team Real Estate - Keller Williams / Real Estate Agent
    • Choate Realty / Real Estate Agency

    Property Details for 5316 16th St

    Year built
    1951
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.06 lot acres
    Property size
    420 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    49-05-36-105-023.000-914
    APU
    490536105023000914

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2512
    Latitude
    39.7876
    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
    $1,001
    $9,200
    $25,400
    $34,600
    -
    $9,200
    $25,400
    $34,600

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      5242 Crawfordsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      5242 Crawfordsville Rd, Indianapolis, IN 46224-5654
      View Details
    • Value Estimation by Request
      6,500 SF

      6029 10th St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      6029 10th St, Indianapolis, IN 46224-6115
      View Details
    • Value Estimation
      $325,000
      2,504 SF

      5960 Crawfordsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,504 SF
      5960 Crawfordsville Rd, Indianapolis, IN 46224-3708
      View Details
    • Value Estimation by Request
      500 SF

      1030 Main St

      RETAIL STORES (PERSONAL SERVICES) • 500 SF
      1030 Main St, Indianapolis, IN 46224
      View Details
    • Value Estimation by Request
      1,562 SF

      5821 Crawfordsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,562 SF
      5821 Crawfordsville Rd, Indianapolis, IN 46224-3705
      View Details
    • Value Estimation by Request
      5,464 SF

      5664 Crawfordsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,464 SF
      5664 Crawfordsville Rd, Indianapolis, IN 46224-3713
      View Details

    Similar Nearby for Sale

    • $2,199,000
      5,497 SF

      Iconic Speedway Restaurant Business Opportunity

      Rare opportunity to own a booming restaurant business in Speedway.
      5211 W 10Th St, Speedway, IN 46224
      View Details
    • $1,440,900
      20 SF

      Industrial Property for Sale

      Industrial property available for purchase.
      2101 Cunningham Rd, Indianapolis, IN 46224
      View Details
    • $1,500,000
      1.93 Acres

      Prime Indianapolis Commercial Land

      1.93 Acres, $1.5M Asking Price
      6351 Crawfordsville Rd, Indianapolis, IN 46224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,401 SF

      Freestanding Building Near Interstate 465

      Freestanding building suitable for office, medical, or retail use.
      5242 Rockville Rd, Indianapolis, IN 46224
      View Details
    • $18 SF/Yr
      16,000 SF

      Speedway Office Space for Lease

      Class A Office/Retail, Speedway, IN
      1552 Main St, Speedway, IN 46224
      View Details
    • Contact for pricing
      8,295 SF

      Retail Space in High-Traffic Center

      Retail space available in a busy shopping center.
      5900 Crawfordsville Rd, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      5,250 SF

      Retail Space Near Speedway

      Retail space available in mixed-use development near Indianapolis Motor Speedway.
      1515-1545 Main St, Speedway, IN 46224
      View Details
    • Contact for pricing
      7,704 SF

      Retail Space Anchored by Kroger

      Retail space with high foot traffic and national brand co-tenants.
      6002-6020 Crawfordsville Rd, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in high-traffic shopping center near I-465.
      5718-5936 Crawfordsville Rd, Indianapolis, IN 46224
      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.
    5316 16th St
    Indianapolis, IN 46224-6403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.