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Property profile & analytics
OFF-MARKET
Commercial land
6001 Southeastern Ave Indianapolis, IN 46203-5612
Entity Owned
11-yr Hold
Free & Clear
Property ID
US31-0598649
Property summary
AI-generated overview
This exceptional 3,900+ square foot storefront building presents a remarkable investment opportunity in Southeast Indianapolis's Marion County. Situated on a high-traffic corner lot (.6 acres comprised of two parcels), this C3-zoned property boasts over 20,000 vehicles passing daily, according to recent INDOT traffic counts. The building, which has been under the same family ownership for decades, offers a wide range of potential uses and currently provides parking for 21 vehicles. Two convenient entrances are available, with additional space on the east side for potential expansion or increased parking. Its prime location offers easy access to I-465 (less than a 3-minute drive). The sale includes both the building and the two parcels. This is a rare opportunity for a high-visibility retail space in a thriving area. The property is priced at $549,900. Earnest money will be held by a title company.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.28 ac (12,290 SF)
Zoning code
ZO01
APN
49-10-23-107-008.001-774
UPID
US31-0598649
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
D & R Firearms Gun Shop
-
Charlie's TV Sales & Services Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles A Properties LLC · 11 yrs held
Charles A Properties LLC
since 2015
1 recorded transaction
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$589
Tax year 2023
Assessed value
$20,500
Assessed 2023
Previous assessed
$20,500
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$20,500
Land market value
$20,500
Total market value
$20,500
Applied tax rate
774.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.28 ac (12,290 SF)
Zoning code
ZO01
APN
49-10-23-107-008.001-774
UPID
US31-0598649
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Charles A Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
6001 SOUTHEASTERN AVE, INDIANAPOLIS, IN 46203-5612
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2015
—
Charles A Properties LLC
Biszantz Charles A
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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