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

    5905 86th St Indianapolis, IN 46278-1351

    • Hotels
    • 38,676 SF
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0684427
    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

    • Fairfield Inn & Suites Indianapolis Northwest / Hotel / Meeting Planning Service
    • Ascension St Vincent / Hospital

    Property Details for 5905 86th St

    Year built
    1999
    Construction
    WOOD
    Lot size
    1.63 lot acres
    Property size
    38,676 SF
    Zone code
    ZO01
    Property type
    Hotels
    Property subtype
    Motels
    APN
    49-04-23-103-001.000-600
    APU
    490423103001000600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $648,000
      Market price range: $408k - $1.72M

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.265
    Latitude
    39.91
    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
    $94,792
    $546,400
    $3,517,200
    $4,063,600
    -
    $546,400
    $3,517,200
    $4,063,600

    Comparable in this City

    • Value Estimation
      $540,000
      33,142 SF

      7226 Woodland Dr

      HOTEL/MOTEL • 33,142 SF
      7226 Woodland Dr, Indianapolis, IN 46278-1734
      View Details
    • Value Estimation
      $455,000
      87,230 SF

      6220 Digital Way

      HOTEL/MOTEL • 87,230 SF
      6220 Digital Way, Indianapolis, IN 46278-1665
      View Details
    • Value Estimation
      $715,000
      34,598 SF

      5860 73rd St

      HOTEL/MOTEL • 34,598 SF
      5860 73rd St, Indianapolis, IN 46278-1742
      View Details
    • Value Estimation
      $1,280,000
      37,182 SF

      6930 Intech Blvd

      HOTEL/MOTEL • 37,182 SF
      6930 Intech Blvd, Indianapolis, IN 46278-2047
      View Details
    • Value Estimation
      $365,000
      31,435 SF

      8520 Nwnw Blvd

      HOTEL/MOTEL • 31,435 SF
      8520 Nwnw Blvd, Indianapolis, IN 46278-1383
      View Details
    • Value Estimation
      $405,000
      38,288 SF

      7001 Corporate Dr

      HOTEL/MOTEL • 38,288 SF
      7001 Corporate Dr, Indianapolis, IN 46278-1938
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      15-Acre Indianapolis Development Land

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    • $1,200,000
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      Prime Indy Retail/Office Opportunity

      High-visibility corner lot, 3,627 SF, 33 parking spaces.
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      Prime Indianapolis Commercial Land

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      Prime Indianapolis Office Building

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      Prime Commercial Land Opportunity

      Commercial land in high-income area near major interstates.
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      15 Acres in Northwest Corridor

      15 acres of commercial land in northwest office corridor.
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    Similar Nearby for Lease

    • $10 SF/Yr
      37,800 SF

      Park 100 Industrial Office Space

      Indianapolis Industrial Office: 7,500 SF Available
      5755-5855 74Th St, Indianapolis, IN 46278
      View Details
    • Contact for pricing
      6,563 SF

      Indianapolis Office Space For Lease

      6,563± sf office space with I-465 visibility.
      6075 Lakeside Blvd, Indianapolis, IN 46278
      View Details
    • $9 SF/Yr
      31,654 SF

      Industrial Flex Space Available For Rent

      31,654 SF industrial flex space available for rent.
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    • Contact for pricing
      89,704 SF

      Industrial Space Available For Lease

      89,704 SF industrial space with 2,500 SF office space.
      7555 Woodland Dr, Indianapolis, IN 46278
      View Details
    • Contact for pricing
      2,452 SF

      Retail Space Near Trader's Point

      Retail space adjacent to Trader’s Point Shopping Center.
      8570 Northwest Blvd, Indianapolis, IN 46278
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    • $12 SF/Yr
      2,400 SF

      Industrial Space in Park 100

      56,700 SF building with Zionsville Road visibility for lease.
      5601 W 74Th St, Indianapolis, IN 46278
      View Details
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    5905 86th St
    Indianapolis, IN 46278-1351
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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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