Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5610 Crawfordsville Rd Indianapolis, IN 46224-3727
    Property profile & analytics

    5610 Crawfordsville Rd, Indianapolis, IN 46224-3727

    View on Map
    • Office Spaces
    • 30,158 SF
    • 9.50 lot acres
    Off-Market
    Property ID
    US31-0314030
    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.
    Value Estimations
    $3,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walsh Construction Co / Construction Company
    • Fretwell Heather MD / Physician
    • Sandra Eskenazi Mental Health Center- Westside Center / Medical Clinic
    • American Physical Therapy / Physician
    • Drive Zone / Training Center / Vocational School

    Property Details for 5610 Crawfordsville Rd

    Year built
    1967
    Construction
    WOOD
    Lot size
    9.50 lot acres
    Zone code
    ZO01
    Property type
    Office Spaces
    APN
    49-05-25-105-074.000-914
    APU
    490525105074000914

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2026 — Bric Speedway LLC — Deed · related $1.5M · Elements Financial Federal Credit Union
    Apr 16, 2025 — Bric Speedway LLC — Deed · related $5.5M · Elements Financial FCU
    Oct 13, 2022 — Bric Speedway LLC — Deed · related $975k · Bric Magagement LLC
    Oct 1, 2020 — Bric Speedway LLC — Deed · related $3.8M · Presidential Bk
    — — Bric Speedway LLC — Deed Of Trust · related $250k · Presidential Bank Fsb
    — — Bric Speedway LLC — Deed Of Trust · related $4.6M · Presidential Bk
    — — Bric Speedway LLC — Deed Of Trust · related $4.6M · Meieran Andrew Family Tr (tr)
    — — Bric Speedway LLC — Loan Modification · related $3.8M · Presidential Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,604,000
      Market price range: $899k - $3.60M
      AI Estimate
      $2,516,000
      Market price range: $679k - $2.52M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,260,000
      Current use
      AUTO REPAIR, GARAGE
      $2,400,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $2,255,000
      Change: -0% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,885,000
      Change: -17% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2569
    Latitude
    39.7954
    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
    $87,951
    $2,161,300
    $1,732,200
    $3,893,500
    -
    $2,161,300
    $1,732,200
    $3,893,500

    Comparable in this City

    • Value Estimation
      $11,955,000
      120,734 SF

      5100 10th St

      OFFICE (GENERAL)
      5100 10th St, Indianapolis, IN 46224
      View Details
    • Value Estimation by Request
      1,700 SF

      3470 High School Rd

      OFFICE (GENERAL)
      3470 High School Rd, Indianapolis, IN 46224-1104
      View Details
    • Value Estimation by Request
      2,135 SF

      5570 Crawfordsville Rd

      OFFICE (GENERAL)
      5570 Crawfordsville Rd, Indianapolis, IN 46224-5428
      View Details
    • Value Estimation by Request
      8,592 SF

      3410 High School Rd

      OFFICE (GENERAL)
      3410 High School Rd, Indianapolis, IN 46224-1742
      View Details
    • Value Estimation by Request
      2,064 SF

      1610 Auburn St

      OFFICE (GENERAL)
      1610 Auburn St, Indianapolis, IN 46224-5709
      View Details
    • Value Estimation by Request
      1,300 SF

      5320 16th St

      OFFICE (GENERAL)
      5320 16th St, Indianapolis, IN 46224-6403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,388 SF

      Single-Story Office Building For Sale

      30,338 SF office building leased through 2026.
      805 Beachway Dr, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      19,700 SF

      Versatile Office Building Near Airport

      Class B office property with income and flexibility near I-465.
      5348 W Vermont St, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      10,422 SF

      Established Garden Center on 9.93 Acres

      Long-established garden center for sale on a 9.93-acre property.
      4914 Rockville Rd, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      Pending

      Commercial Land on Crawfordsville Road

      High-visibility commercial land parcel in a high-traffic area.
      6351 Crawfordsville Rd, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      4,600 SF

      Retail Property in Indianapolis

      Retail property available for sale in Indianapolis, Indiana.
      1034 N Whitcomb Ave, Indianapolis, IN 46224
      View Details
    • Contact for pricing

      Commercial Land for Sale

      Zoned C-3 land suitable for multiple business types.
      645 N Lynhurst Dr, 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
    • Contact for pricing
      3,436 SF

      Spacious Top Floor Corner Suite

      4105 sqft office suite with excellent natural lighting.
      777 Beachway Dr, Indianapolis, IN 46224
      View Details
    • Contact for pricing
      7,596 SF

      Office/Retail Space Near Speedway

      Sublease opportunity near Indianapolis Motor Speedway with parking.
      1552-1564 N Main St, Speedway, IN 46224
      View Details
    • Contact for pricing

      Office Space Near Motor Speedway

      Sublease opportunity: Class A office space in Speedway, Indiana.
      1552 N Main St, Speedway, IN 46224
      View Details
    • Contact for pricing
      7,596 SF

      Speedway Office Sublease Opportunity

      Class A office space available for sublease in Speedway, Indiana.
      1552 N Main St, Speedway, IN 46224
      View Details
    • Contact for pricing
      2,890 SF

      Retail Space in Indianapolis Center

      Retail space available in top Indianapolis shopping center.
      5620 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.
    5610 Crawfordsville Rd
    Indianapolis, IN 46224-3727
    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

    Thank You for Inquiry
    5610 Crawfordsville Rd, Indianapolis, IN, 46224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!