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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Outlet malls
6250 38th St Indianapolis, IN 46254-3914
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0677245
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
169,230 SF
Lot
14.35 ac (625,216 SF)
Zoning code
ZO01
APN
49-05-13-121-002.000-601
UPID
US31-0677245
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
-
FM Phones & Jewelers Mobile Phone Store Electronics & Wireless Store
-
Discount Mattress Furniture & Home Goods
-
Shalom Computer and Technology Services Electronics & Wireless Store
-
E&M Technology Center Electronics & Wireless Store Computer & Electronic Repair
-
Carniceria El Michoacano Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.00M
Owner & transaction history
West 38th Street Plaza LLC · 7 yrs held
West 38th Street Plaza LLC
since 2019
6 recorded transactions
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$18 / SF
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
$64,579
Tax year 2023
Assessed value
$2,369,100
Assessed 2023
Previous assessed
$2,369,100
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$1,031,600
Assessed improvement
$1,337,500
Land market value
$1,031,600
Improvement market value
$1,337,500
Total market value
$2,369,100
Applied tax rate
601.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
169,230 SF
Lot
14.35 ac (625,216 SF)
Zoning code
ZO01
APN
49-05-13-121-002.000-601
UPID
US31-0677245
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
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
14.35 ac
Current owner
From public records · entity-resolved
West 38th Street Plaza LLC
Entity
Mailing address
9333 N MERIDIAN ST STE #275, INDIANAPOLIS, IN 46260-1846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
—
West 38th Street Plaza LLC
—
Deed
related
$6,285,254 · Bc52 LLC
Feb 15, 2018
—
West 38th Street Plaza LLC
—
Deed
related
$6,285,254 · Bc52 LLC
—
—
West 38th Street Plaza LLC
—
Loan Modification
related
$6,285,254 · Bc52 LLC
—
—
West 38th Street Plaza LLC
—
Deed Of Trust
related
$3,100,000 · Union Fed'l Bank Indianapolis
—
—
West 38th Street Plaza LLC
—
Deed Of Trust
related
$7,800,000 · Park National Bank
—
—
West 38th Street Plaza LLC
—
Loan Modification
related
$6,285,254 · Bc52 LLC
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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