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    Property profile & analytics

    6105 38th St Indianapolis, IN 46226-5603

    • Auto shops
    • 29,054 SF
    • 5.10 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Last Sale
    Sep 18, 2020
    Location Intelligence
    Property ID
    US31-0348217
    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

    • Community Spirits / Liquor Store
    • Get Bent Custom Cycles / Auto Repair Shop

    Property Details for 6105 38th St

    Year built
    1963
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.10 lot acres
    Property size
    29,054 SF
    Zone code
    ZO01
    Property type
    Auto shops
    APN
    49-07-23-109-009.000-700
    APU
    490723109009000700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $640,000
      6.5%
      $705,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $725,000
      Geo Method
      $790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $605,000
      Retail
      $650,000
      Mixed-Use
      $740,000
      Hospitality
      $805,000
      Educational
      $680,000
      Residential Income
      $605,000
      Energy
      $690,000
      Income-Based Land
      $795,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0631
    Latitude
    39.8247
    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
    $24,138
    $457,300
    $383,000
    $840,300
    -
    $457,300
    $383,000
    $840,300

    Comparable in this City

    • Value Estimation by Request
      7,230 SF

      8351 Pendleton Pike

      AUTO REPAIR, GARAGE • 7,230 SF
      8351 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • Value Estimation
      $590,000
      3,037 SF

      8949 Pendleton Pike

      AUTO REPAIR, GARAGE • 3,037 SF
      8949 Pendleton Pike, Indianapolis, IN 46226-4113
      View Details
    • Value Estimation
      $130,000
      1,920 SF

      8630 Pendleton Pike

      AUTO REPAIR, GARAGE • 1,920 SF
      8630 Pendleton Pike, Indianapolis, IN 46226-6604
      View Details
    • Value Estimation
      $180,000
      1,740 SF

      6001 38th St

      AUTO REPAIR, GARAGE • 1,740 SF
      6001 38th St, Indianapolis, IN 46226-5601
      View Details
    • Value Estimation
      $360,000
      4,305 SF

      5002 56th St

      AUTO REPAIR, GARAGE • 4,305 SF
      5002 56th St, Indianapolis, IN 46226-1402
      View Details
    • Value Estimation
      $300,000
      2,128 SF

      4801 Franklin Rd

      AUTO REPAIR, GARAGE • 2,128 SF
      4801 Franklin Rd, Indianapolis, IN 46226-2006
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Freestanding retail building with ample parking and storage space.
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      Prime 2.41-acre development site. High visibility, heavy traffic.
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      Retail Investment Opportunity: 8,481 SF
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      Pizza Hut Investment Opportunity

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      Freestanding Retail Property For Sale

      Freestanding retail property available for purchase.
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    Similar Nearby for Lease

    • $20 SF/Yr
      2,250 SF

      Retail Space on South Emerson

      Retail property for lease in Indianapolis with high visibility.
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      Retail Space on S. Emerson

      Retail space with frontage on S. Emerson Avenue.
      5135 S Emerson Ave, Indianapolis, IN 46226
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    • $4,500 /Mo
      10,800 SF

      Pendleton Pike Retail Space Available

      Versatile retail space in high-traffic area with flexible layout.
      7027 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Pendleton Pike

      Retail spaces with high visibility and easy access.
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      Remodeled Retail Center with Outlots

      Remodeled retail center with high visibility and future development potential.
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      View Details
    • $2,250 /Mo
      10,800 SF

      High-Visibility Retail Space Available

      Prime commercial space in a high-traffic Indianapolis location.
      7017 Pendleton Pike, Indianapolis, IN 46226
      View Details
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    6105 38th St
    Indianapolis, IN 46226-5603
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    Realmo Value Estimation

    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.

    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.

    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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