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

    5350 Southport Rd Indianapolis, IN 46237

    • Commercial land
    • 1.14 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2579114
    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

    • Commercial land

    Property Details for 5350 Southport Rd

    Lot size
    1.14 lot acres
    Zone code
    ZO01
    Property type
    Commercial land
    APN
    49-15-10-110-010.003-300
    APU
    491510110010003300

    Description

    This exceptional 1.136-acre commercial development parcel presents a rare opportunity in Indianapolis, Indiana. Situated in the thriving Valley Ridge Development, this lot is the last remaining commercial site, offering unparalleled visibility and accessibility. The property boasts a CS zoning designation, allowing for a variety of retail development options. Its prime location along Southport Road places it within a high-traffic retail corridor, experiencing approximately 25,278 vehicles daily. The site benefits from multiple points of ingress and egress, ensuring convenient access for customers and employees. This strategic location is further enhanced by its close proximity to major retail anchors including Super Target, Staples, Home Depot, Kohl's, Menards, and Meijer, creating a strong synergy and significant customer draw. The property's APN is 49-15-10-110-008.000-300, and its address is 5350 Southport Road, Indianapolis, IN 46237. This is an exceptional opportunity for developers seeking a high-impact location within a well-established retail environment. The property's size and location make it ideal for a variety of retail uses, capitalizing on the significant daily traffic count and the presence of established national retailers. Don't miss this chance to secure the last remaining commercial lot in this sought-after development.

    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
    -86.0757
    Latitude
    39.6673
    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
    $0.00
    $89,800
    $0.00
    $89,800
    -
    $89,800
    $0.00
    $89,800

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      5201 Southport Rd

      VACANT COMMERCIAL LAND • 0.18 Acres
      5201 Southport Rd, Indianapolis, IN 46237-9335
      View Details
    • Value Estimation by Request
      0.08 Acres

      5340 Commerce Cir

      VACANT COMMERCIAL LAND • 0.08 Acres
      5340 Commerce Cir, Indianapolis, IN 46237-8553
      View Details
    • Value Estimation by Request
      0.75 Acres

      7000 Emerson Ave

      VACANT COMMERCIAL LAND • 0.75 Acres
      7000 Emerson Ave, Indianapolis, IN 46237
      View Details
    • Value Estimation by Request
      0.15 Acres

      2530 Werges Ave

      VACANT COMMERCIAL LAND • 0.15 Acres
      2530 Werges Ave, Indianapolis, IN 46237-1180
      View Details
    • Value Estimation by Request
      0.57 Acres

      3235 Hanna Ave

      VACANT COMMERCIAL LAND • 0.57 Acres
      3235 Hanna Ave, Indianapolis, IN 46237-1224
      View Details
    • Value Estimation by Request
      0.51 Acres

      3235 Hanna Ave

      VACANT COMMERCIAL LAND • 0.51 Acres
      3235 Hanna Ave, Indianapolis, IN 46237-1224
      View Details

    Similar Nearby for Sale

    • $2,178,000

      Land with Development Potential

      Land with mature trees and extensive storm water system.
      5500 W Thompson Rd, Indianapolis, IN 46237
      View Details
    • $475,000

      Commercial Development Land For Sale

      Commercial land suitable for medical/professional office near I-65 & 465.
      5640 S Emerson Ave, Indianapolis, IN 46237
      View Details
    • $1,100,000
      Pending

      Prime Commercial Land on Emerson

      6.5-acre commercial land in high-traffic area near I-65.
      7525 Mcfarland Blvd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Development Ready Outlots For Sale

      Commercial land for sale at signalized intersection.
      6040 Thompson 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
    • Contact for pricing

      Land with Development Potential

      Prime land suitable for townhomes, office, retail, or restaurant.
      6711 Shelbyville Rd, Indianapolis, IN 46237
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Outlot For Lease

      1.1 AC outlot in new retail center available for lease.
      8515 S Emerson Ave, 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
    • Contact for pricing

      Prime Indy Outlots for Sale

      Four commercial lots near downtown.
      0 Indianapolis In, Indianapolis, IN 46237
      View Details
    • $3,165 /Mo
      Pending

      Franklin Township Office Space Available

      2,300 SF office suite in prime Indianapolis location.
      5144 E Stop 11 Rd, Indianapolis, IN 46237
      View Details
    • $925 /Mo
      10,284 SF

      Office Space in Franklin Township

      Office space featuring private office and co-working area for lease.
      5136 E Stop 11 Rd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Retail Space on Southport Road

      7,600 SF retail space with drive-thru and patio.
      6750 Shelbyville Rd, 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.
    5350 Southport Rd
    Indianapolis, IN 46237
    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.