Realmo Analytics

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Financial
Distress signals
Property profile

646 Massachusetts Ave Indianapolis, IN 46204

FOR LEASE
Other office properties
Property ID
US31-1221714
5,826 SF 0.24 ac lot Built 1997
Last sale Dec 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A newly constructed boutique retail space totaling 2,531 square feet, located in the Mass Ave area and positioned in close proximity to art galleries, bars, shops, restaurants, and theaters. The premises are configured for retail use and are situated to provide visibility to the surrounding commercial district.

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?
$31k
Tax billed · 2023
Assessed value$1.13M
Assessed land$566k
Assessed improvement$562k
Effective rate2.77%

Value estimate

· Oct 2026
$575k
$518k – $633k
Submarket $/SF estimate$696k

Realmo valuation models over county records and 12 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 comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
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 Repair8.7
Pet Grooming Service8.4

Location

646 Massachusetts Ave Indianapolis, IN 46204
County assessor Recorded deeds · 4 transfers 12 qualifying comp sales Zoning catalog

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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