Property profile

7531 Miles Dr Indianapolis, IN 46231

OFF-MARKET
Industrial properties
Property ID
US31-3016100
22,212 SF 2.97 ac lot Built 2013
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2013
Construction METAL FRAME
Total area 22,212 SF
Lot 2.97 ac (129,417 SF)
Zoning code ZO01
APN 49-12-15-101-019.002-900
UPID US31-3016100

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
  • Publishing House Newspaper & Magazine
  • Renovation Specialist General Contractor

Location

7531 Miles Dr Indianapolis, IN 46231-3345
Indianapolis metro Census 342000 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.71M
Comparable Approach Comparable
$816k
Blend (final) Blend
$620k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Auto repair, garage $1.8M +27.5%
Commercial (general) $1.7M +20.0%
Retail stores $1.7M +19.7%

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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