Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6400 English Ave Indianapolis, IN 46219-8227

    • Manufacturing properties
    • 120,869 SF
    • 8.87 lot acres
    OFF-MARKET
    Value Estimations
    $4,325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1280492
    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

    • Trinity Metals / Recycling Center

    Property Details for 6400 English Ave

    Year built
    1961
    Construction
    TYPE NOT SPECIFIED
    Lot size
    8.87 lot acres
    Property size
    120,869 SF
    Zone code
    ZO01
    Property type
    Manufacturing properties
    APN
    49-10-11-116-003.000-701
    APU
    491011116003000701

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,231,000
      Market price range: $2.20M - $11.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0574
    Latitude
    39.7624
    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
    $50,443
    $491,100
    $1,353,600
    $1,844,700
    -
    $491,100
    $1,353,600
    $1,844,700

    Comparable in this City

    • Value Estimation
      $3,285,000
      86,510 SF

      6233 Brookville Rd

      MANUFACTURING (LIGHT) • 86,510 SF
      6233 Brookville Rd, Indianapolis, IN 46219-8213
      View Details
    • Value Estimation by Request
      77.25 Acres

      5505 Brookville Rd

      MANUFACTURING (LIGHT) • 77.25 Acres
      5505 Brookville Rd, Indianapolis, IN 46219-7109
      View Details
    • Value Estimation by Request
      1,119 SF

      6500 Julian Ave

      MANUFACTURING (LIGHT) • 1,119 SF
      6500 Julian Ave, Indianapolis, IN 46219
      View Details
    • Value Estimation
      $735,000
      18,508 SF

      2851 Webster Ave

      MANUFACTURING (LIGHT) • 18,508 SF
      2851 Webster Ave, Indianapolis, IN 46219-1012
      View Details
    • Value Estimation by Request
      18,448 SF

      2832 Webster Ave

      MANUFACTURING (LIGHT) • 18,448 SF
      2832 Webster Ave, Indianapolis, IN 46219-1013
      View Details
    • Value Estimation by Request
      2,148 SF

      8801 Rawles Ave

      MANUFACTURING (LIGHT) • 2,148 SF
      8801 Rawles Ave, Indianapolis, IN 46219-7905
      View Details

    Similar Nearby for Sale

    • $2,700,000
      50,928 SF

      Indianapolis Industrial Facility with Outdoor Storage

      51,000 SF industrial building on 3.46 acres with I3 zoning.
      2828 Tobey Dr, Indianapolis, IN 46219
      View Details
    • $375,000
      2,389 SF

      Freestanding Flex Industrial Building

      2,389 SF flex building with fenced parking on 1.19 acres.
      8502 E 30Th St, Indianapolis, IN 46219
      View Details
    • Contact for pricing
      118,850 SF

      Indianapolis Freezer/Cooler Warehouse Space

      118,850 SF freezer/cooler warehouse space in Indianapolis, IN.
      245 S Franklin Rd, Indianapolis, IN 46219
      View Details
    • Contact for pricing
      323,001 SF

      Indianapolis Warehouse with Income Potential

      323,001 SF warehouse on 33.1 acres, 87% leased.
      2855 N Franklin Rd, Indianapolis, IN 46219
      View Details
    • Contact for pricing
      408,395 SF

      Renovated Distribution Facility & Truck Terminal

      408,395 SF distribution facility on 26 acres near I-465.
      333 S Franklin Rd, Indianapolis, IN 46219
      View Details
    • Contact for pricing
      30,185 SF

      Indianapolis Warehouse - 30,185 SF

      Spacious industrial warehouse, ideal for various uses.
      6335 English Ave, Indianapolis, IN 46219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      408,395 SF

      Indianapolis Industrial Space Available

      Modern Manufacturing/Distribution Space in Indy
      333 Franklin Rd, Indianapolis, IN 46219
      View Details
    • $4 SF/Yr
      128,000 SF

      Industrial Space Near I-465

      Available industrial space with city utilities and highway access.
      221 S Franklin Rd, Indianapolis, IN 46219
      View Details
    • Contact for pricing
      67,082 SF

      Industrial Space with Ample Parking

      67,183 SF industrial space with convenient airport access.
      7333 W Washington St, Indianapolis, IN 46219
      View Details
    • $4,500 /Mo
      8,000 SF

      Commercial Space with Drive-Through Garage

      All-inclusive commercial space with attached drive-through garage for lease.
      6771 E Washington St, Indianapolis, IN 46219
      View Details
    • Contact for pricing
      8,800 SF

      Industrial Space with Office Build-Out

      8,800 SF industrial suite with office, docks, and drive-in.
      6951 E 30Th St, Indianapolis, IN 46219
      View Details
    • $5 SF/Yr
      277,020 SF

      Industrial Warehouse Space Available

      277,020 square feet of warehouse space for lease.
      1220 S Post Rd, Indianapolis, IN 46219
      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.
    6400 English Ave
    Indianapolis, IN 46219-8227
    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.