Property profile

620 Pendleton Ave Lapel, IN 46051

OFF-MARKET
Strip malls
Property ID
US31-0558964
14,200 SF 1.21 ac lot Built 2004
Entity Owned Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction TYPE NOT SPECIFIED
Total area 14,200 SF
Lot 1.21 ac (52,708 SF)
APN 48-10-28-204-015.000-032
UPID US31-0558964

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union
  • Postal Service Courier Service

Location

620 Pendleton Ave Lapel, IN 46051-9668
Lapel metro Census 11100 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$688k
Blend (final) Blend
$455k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Warehouse, storage $815,000 +45.1%
Industrial (general) $650,000 +16.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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