Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    6020 82nd St Indianapolis, IN 46250-4746
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6020 82nd St Indianapolis, IN 46250-4746

    View on Map
    • Turn key restaurants
    • 1,768 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US31-0744439
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BCBGeneration at Macy's / Women'S Clothing Store / Clothing Store
    • Tillys / Clothing & Fashion Store
    • 3D Souvenirs Crystal / (Bike/Boat/Book/etc) Store
    • AKIRA / Clothing & Fashion Store
    • Pandora / (Bike/Boat/Book/etc) Store

    Property Details for 6020 82nd St

    Year built
    1976
    Lot size
    0.06 lot acres
    Property size
    1,768 SF
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    49-02-22-126-022.000-400
    APU
    490222126022000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0641
    Latitude
    39.9058
    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
    $1,509
    $0.00
    $61,700
    $61,700
    -
    $0.00
    $61,700
    $61,700

    Comparable in this City

    • Value Estimation by Request
      6,579 SF

      6815 82nd St

      RESTAURANT • 6,579 SF
      6815 82nd St, Indianapolis, IN 46250-1507
      View Details
    • Value Estimation
      $525,000
      18,019 SF

      8580 Allison Pointe Blvd

      RESTAURANT • 18,019 SF
      8580 Allison Pointe Blvd, Indianapolis, IN 46250-4268
      View Details
    • Value Estimation by Request
      5,148 SF

      6714 82nd St

      RESTAURANT • 5,148 SF
      6714 82nd St, Indianapolis, IN 46250-1506
      View Details
    • Value Estimation by Request
      2,745 SF

      6028 82nd St

      RESTAURANT • 2,745 SF
      6028 82nd St, Indianapolis, IN 46250-1530
      View Details
    • Value Estimation by Request
      10,988 SF

      7155 96th St

      RESTAURANT • 10,988 SF
      7155 96th St, Indianapolis, IN 46250-3306
      View Details
    • Value Estimation by Request
      5,112 SF

      6288 82nd St

      RESTAURANT • 5,112 SF
      6288 82nd St, Indianapolis, IN 46250-1549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,200 SF

      Retail and Restaurant Corridor Space

      Highly trafficked retail and restaurant space for lease.
      5641 E 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Restaurant Opportunity Near Castleton Mall

      Former restaurant with FF&E included, near I-69 & I-465.
      8651 Castle Creek Parkway East Dr, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      High-Traffic Retail and Restaurant Corridor

      Located in a high-traffic retail and restaurant area.
      5641 E 86Th St, Indianapolis, IN 46250
      View Details
    • $980,000

      Retail Property in Keystone Crossing

      Retail property in a commercially active and accessible location.
      8208 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      3,056 SF

      Prime Keystone Crossing Commercial Property

      Excellent visibility, accessibility, and robust infrastructure in a dynamic location.
      8208 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • $1,300,000
      3,111 SF

      Indianapolis Office Building For Sale

      Office building on a busy business corridor, ready for use.
      4755 Statesmen Dr, Indianapolis, IN 46250
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Entertainment Power Center

      Retail and entertainment options in a well-situated power center.
      5753 E 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      11,882 SF

      Endcap with Drive-Thru Available

      Sublease opportunity in dynamic Indianapolis market with high visibility.
      9550 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Indianapolis, Indiana.
      8315 Center Run Dr, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Retail Space Near Castleton Mall

      Retail space available across from Castleton Square Mall.
      86th St & Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Restaurant Building with Drive-Thru

      3,200 SF former restaurant with drive-thru on 0.72 acres.
      6450 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Prime Retail/Medical Space Available

      Retail/medical space in Indianapolis' main retail corridor for rent.
      4527 E 82Nd St, Indianapolis, IN 46250
      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.
    6020 82nd St
    Indianapolis, IN 46250-4746
    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.
    Sign Up Successful!
    You now have access to more from Realmo!