Realmo Analytics

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Property profile

5435 Emerson Way Indianapolis, IN 46226

OFF-MARKET
Office Spaces
Property ID
US31-0545311
13,959 SF 2.71 ac lot Built 1976
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional four-story, 118,047 square foot mixed-use property in Indianapolis, Indiana, presents a compelling investment opportunity. Currently boasting 100% occupancy across 27 units ranging from 100 to 6,000 square feet, the property generates a substantial net operating income (NOI) of $344,854, yielding a pro-forma cap rate of 10.14%. The building, constructed in 1980, benefits from recent significant capital improvements, including a new roof installed in June 2024 with a 20-year…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$563k
Assessed land$184k
Assessed improvement$379k
Effective rate2.54%

Value estimate

· Nov 2026
$490k
$441k – $539k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.1
Restaurant25.9
Dental Office24.9

Location

5435 Emerson Way Indianapolis, IN 46226-1466
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6710 38th, Indianapolis, IN 46226-5616 $36,500 Aug 2024 1,740 SF
4455 Franklin, Indianapolis, IN 46226-3914 $50,000 Jan 2023 2,866 SF
7140 46th, Indianapolis, IN 46226-3804 $155,000 Dec 2022 4,650 SF
3707 Shadeland, Indianapolis, IN 46226-5712 $155,000 Dec 2022 7,776 SF
8405 47th, Indianapolis, IN 46226-2924 $300,000 Jun 2019 8,063 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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