Technical
Financial
Distress signals
Property profile

5880 Michigan Rd Indianapolis, IN 46228

OFF-MARKET
Retail space
Property ID
US31-0376962
4,676 SF 0.28 ac lot Built 1952
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction TYPE NOT SPECIFIED
Total area 4,676 SF
Lot 0.28 ac (12,090 SF)
Zoning code ZO01
APN 49-06-04-112-018.000-800
UPID US31-0376962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Hair Salon
  • Hair Salon
  • Hair Salon Nail Salon
  • Hair Salon

Location

5880 Michigan Rd Indianapolis, IN 46228-1731
Indianapolis metro Census 321001 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2015
5 recorded transactions
2018
Price N/A
2015
Price N/A
2015
Price N/A
2010
Price N/A
2006
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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