Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6000 56th St Indianapolis, IN 46226-1630

    • Golf courses & driving ranges
    • 97.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0608341
    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

    • Golf courses & driving ranges

    Property Details for 6000 56th St

    Year built
    1925
    Lot size
    97.34 lot acres
    Property type
    Golf courses & driving ranges
    APN
    49-07-03-120-006.000-400
    APU
    490703120006000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.067
    Latitude
    39.8649
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      27,260 SF

      4626 Millersville Rd

      GOLF COURSE • 27,260 SF
      4626 Millersville Rd, Indianapolis, IN 46226
      View Details
    • Value Estimation by Request
      10,084 SF

      4626 Millersville Rd

      GOLF COURSE • 10,084 SF
      4626 Millersville Rd, Indianapolis, IN 46226
      View Details
    • Value Estimation by Request
      6,900 SF

      8725 38th St

      THEATER (MOVIE) • 6,900 SF
      8725 38th St, Indianapolis, IN 46226-6070
      View Details
    • Value Estimation by Request
      2,845 SF

      8126 45th St

      THEATER (MOVIE) • 2,845 SF
      8126 45th St, Indianapolis, IN 46226-3903
      View Details
    • Value Estimation by Request
      3,761 SF

      6404 46th St

      THEATER (MOVIE) • 3,761 SF
      6404 46th St, Indianapolis, IN 46226-3550
      View Details
    • Value Estimation by Request
      7,386 SF

      4005 Emerson Ave

      THEATER (MOVIE) • 7,386 SF
      4005 Emerson Ave, Indianapolis, IN 46226-4633
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Indianapolis Development Land

      5.4 Acres, SU1 Zoning, High Visibility
      7676 38Th St, Indianapolis, IN 46226
      View Details
    • $1,275,000

      Indianapolis 9-Unit Rental Portfolio

      High-Yield Multifamily Investment Opportunity
      3543 Payton Ave, Indianapolis, IN 46226
      View Details
    • $375,000
      1.43 Acres

      Prime Indianapolis Commercial Land

      1.43 Acres, High-Traffic Location, $375K
      3610 Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $943,857
      4,000 SF

      Pizza Hut Investment Opportunity

      NNN leased Pizza Hut with franchisee guarantee for sale.
      4537 N Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $1,200,000
      2.41 Acres

      High-Traffic Retail Land, Indy

      Prime 2.41-acre development site. High visibility, heavy traffic.
      3815 Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $950,000
      8,481 SF

      Prime Indianapolis Shopping Center

      Retail Investment Opportunity: 8,481 SF
      3753 Post Rd, Indianapolis, IN 46226
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,250 SF

      Retail Space on South Emerson

      Retail property for lease in Indianapolis with high visibility.
      4830-4856 S Emerson Ave, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on S. Emerson

      Retail space with frontage on S. Emerson Avenue.
      5135 S Emerson Ave, Indianapolis, IN 46226
      View Details
    • $9 SF/Yr
      43,200 SF

      Jackson Industrial Park: Flex Space Available

      Indianapolis Flex Space: 1,600-7,200 SF Units
      8768 33Rd St, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Pendleton Pike

      Retail spaces with high visibility and easy access.
      4060-4086 Pendleton Way, Indianapolis, IN 46226
      View Details
    • $8 SF/Yr
      2,400 SF

      Indianapolis Flex Space Available

      Flex space with ample parking and excellent highway access.
      7525 E 39Th St, Indianapolis, IN 46226
      View Details
    • $11 SF/Yr
      3,500 SF

      Office Space with New Finishes

      Lower level office space with new finishes and LED lighting.
      5450 Emerson Way, Indianapolis, IN 46226
      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.
    6000 56th St
    Indianapolis, IN 46226-1630
    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

    Google sign-in failed. Please try again or use another login method.