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Financial
Distress signals
Property profile

619 N Pennsylvania St Indianapolis, IN 46204

FOR LEASE
Other office properties
Property ID
US31-1284967
8,176 SF 0.16 ac lot Built 1954
Last sale Jan 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an approximately 8,130-square-foot, two-story office building with efficient floor plates of about 4,065 square feet per floor. The main entrance is two stories in height and is designed to allow substantial natural light, and portions of the interior feature exposed ceilings. The building includes controlled surface parking for approximately 30 vehicles. It is within walking distance of Mass Ave and the central business district, with American Legion Mall and nearby green space/memorial areas directly across the street.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$677k
Assessed land$155k
Assessed improvement$522k
Effective rate2.77%

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$230k
NOI build-up
Gross scheduled income$176k
Vacancy & credit loss−$32k
Operating expenses−$36k
NOI · 572,480.00% cap applied$107k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables7

Cap rate analysis

How does the asset earn?
572,480.00%
$107k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.8
Shoe Repair8.6
HVAC Service8.5

Location

619 N Pennsylvania St Indianapolis, IN 46204
County assessor Recorded deeds · 7 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
301 Massachusetts, Indianapolis, IN 46204-2268 $1,682,972 Oct 2020 6,774 SF
144 Delaware, Indianapolis, IN 46204-2524 $600,000 Apr 2020 3,567 SF
702 Capitol, Indianapolis, IN 46204-1114 $2,000,000 Dec 2018 11,658 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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