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

    7209 86th St Indianapolis, IN 46250-1548

    • Retail space
    • 6,621 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Apr 11, 2023
    $26,300
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0516662
    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

    • Patrick's Office Supply & Furniture / Office Supply Store / Office Supply Wholesaler
    • Complete Office Supply / Office Furniture Store / Computer Desk Store
    • Office Installation Services Inc / Office Furniture Store / Office Supply Store

    Property Details for 7209 86th St

    Year built
    1979
    Construction
    METAL FRAME
    Lot size
    0.92 lot acres
    Property size
    6,621 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    49-02-23-112-024.000-400
    APU
    490223112024000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0413
    Latitude
    39.9121
    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
    $6,850
    $231,400
    $48,700
    $280,100
    -
    $231,400
    $48,700
    $280,100

    Comparable in this City

    • Value Estimation
      $905,000
      65,012 SF

      5651 86th St

      RETAIL STORES (PERSONAL SERVICES) • 65,012 SF
      5651 86th St, Indianapolis, IN 46250-5572
      View Details
    • Value Estimation
      $445,000
      4,590 SF

      4825 82nd St

      RETAIL STORES (PERSONAL SERVICES) • 4,590 SF
      4825 82nd St, Indianapolis, IN 46250-1673
      View Details
    • Value Estimation
      $365,000
      16,589 SF

      8610 Allisonville Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,589 SF
      8610 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Value Estimation
      $275,000
      17,000 SF

      5601 82nd St

      RETAIL STORES (PERSONAL SERVICES) • 17,000 SF
      5601 82nd St, Indianapolis, IN 46250-1551
      View Details
    • Value Estimation
      $230,000
      3,000 SF

      6715 82nd St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      6715 82nd St, Indianapolis, IN 46250
      View Details
    • Value Estimation
      $540,000
      12,750 SF

      5501 82nd St

      RETAIL STORES (PERSONAL SERVICES) • 12,750 SF
      5501 82nd St, Indianapolis, IN 46250-1520
      View Details

    Similar Nearby for Sale

    • $7,836,000
      26,290 SF

      PetSmart NNN Lease Investment

      Absolute NNN PetSmart with new 12-year lease in Castleton, IN.
      5151 E 82Nd St, Indianapolis, IN 46250
      View Details
    • $980,000
      3,056 SF

      Allisonville Rd Storefront Retail

      Prime Indianapolis storefront, 3,056 sq ft.
      8208 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • $4,343,000
      31,124 SF

      Indianapolis Retail Investment Opportunity

      31,124 SF retail building in Indianapolis for sale.
      6302 E 82Nd St, Indianapolis, IN 46250
      View Details
    • $980,000

      Retail Property in Keystone Crossing

      Retail property in a commercially active and accessible location.
      8208 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • $849,900
      3,748 SF

      High-Visibility Retail Space, Indy

      Prime Retail Location, Recent Upgrades, High Traffic
      8530 Ctr Run Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      8,733 SF

      Restaurant Opportunity Near Castleton Mall

      Former restaurant with FF&E included, near I-69 & I-465.
      8651 Castle Creek Parkway East Dr, Indianapolis, IN 46250
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,631 SF

      Retail Space on Allisonville Road

      Retail space available for lease on Allisonville Road.
      8245 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      1,920 SF

      Retail Outlot Near Castleton Mall

      Retail space for lease or sale near major shopping destination.
      6362-8256 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      3,200 SF

      Indianapolis Retail Space For Rent

      Retail space available in a high-traffic Indianapolis location.
      5305-5473 E 82Nd St, Indianapolis, IN 46250
      View Details
    • $16 SF/Yr
      4,000 SF

      Freestanding Retail Space on 82nd

      Retail space with ample parking on busy 82nd Street.
      6457 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      4,807 SF

      Retail Space in Clearwater Area

      Retail space in a flourishing commercial area near major malls.
      4635-4737 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Available For Lease

      2,400 SF retail space in densely populated area.
      9598 Allisonville Rd, Indianapolis, IN 46250
      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.
    7209 86th St
    Indianapolis, IN 46250-1548
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.