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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5750 91st St Indianapolis, IN 46250-1380

    • Office buildings
    • 7,000 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1249096
    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

    • Tellman Dentistry / Cosmetic Dentist / Dentist
    • J C Partners LLC / Property Management Company
    • Blue Zone Center / Alternative Medicine Practitioner
    • Summit Spine and Therapy / Chiropractor
    • Clark G. Scott, DC / Chiropractor

    Property Details for 5750 91st St

    Year built
    2002
    Lot size
    0.37 lot acres
    Property size
    7,000 SF
    Zone code
    ZO01
    Property type
    Office buildings
    APN
    49-02-16-107-002.000-800
    APU
    490216107002000800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $169,000
      Market price range: $145k - $547k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $345,000
      Current use
      MEDICAL BUILDING
      $280,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0698
    Latitude
    39.9203
    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
    $2,003
    $74,500
    $4,400
    $78,900
    -
    $74,500
    $4,400
    $78,900

    Comparable in this City

    • Value Estimation
      $195,000
      7,763 SF

      5545 82nd St

      OFFICE BUILDING • 7,763 SF
      5545 82nd St, Indianapolis, IN 46250
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    • Value Estimation
      $240,000
      1.50 Acres

      8501 Bash St

      OFFICE BUILDING • 1.50 Acres
      8501 Bash St, Indianapolis, IN 46250-5533
      View Details
    • Value Estimation
      $540,000
      29,900 SF

      6060 Castleway W Dr

      OFFICE BUILDING • 29,900 SF
      6060 Castleway W Dr, Indianapolis, IN 46250-1906
      View Details
    • Value Estimation
      $180,000
      20,000 SF

      6525 82nd St

      OFFICE BUILDING • 20,000 SF
      6525 82nd St, Indianapolis, IN 46250-1570
      View Details
    • Value Estimation
      $175,000
      4,000 SF

      7271 Shadeland Ave

      OFFICE BUILDING • 4,000 SF
      7271 Shadeland Ave, Indianapolis, IN 46250-2021
      View Details
    • Value Estimation
      $220,000
      1.78 Acres

      9502 Masters Rd

      OFFICE BUILDING • 1.78 Acres
      9502 Masters Rd, Indianapolis, IN 46250
      View Details

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      Castleton Medical/Office Building For Sale

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      Indianapolis Office Building For Sale

      Office building available for purchase in Indianapolis, Indiana.
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      56,611 SF

      Office and Warehouse Combination Space

      Office and warehouse space featuring dock and door access.
      7990-8000 Castleway Dr, Indianapolis, IN 46250
      View Details

    Similar Nearby for Lease

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      21,547 SF

      Class A Office Space Available

      Multi-story office building with upgraded amenities for lease.
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      Two-story office building with prime frontage and flexible layouts.
      5455 W 86Th St, Indianapolis, IN 46250
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      978 SF

      Office Space Near I-465

      Two three-story office buildings with immediate access to I-465.
      8606 Allisonville Rd, Indianapolis, IN 46250
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      19,670 SF

      Single-Story Office Building For Rent

      Single-story office building with ample parking and outdoor amenities.
      6365 Castleplace Dr, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      22,211 SF

      Office Space in Castleton Park

      22,211 SF office space for lease in Indianapolis.
      6415 Castleway Dr W, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      24,330 SF

      Class B Office Space

      Multi-story office building with ample parking and Energy Star certification.
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    Request Owner's contact information
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    5750 91st St
    Indianapolis, IN 46250-1380
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    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
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