Property profile

7870 Morris St Indianapolis, IN 46231

OFF-MARKET
Industrial properties
Property ID
US31-0876932
17,896 SF 43.73 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1972
Construction TYPE NOT SPECIFIED
Total area 17,896 SF
Lot 43.73 ac (1,904,661 SF)
Zoning code ZO01
APN 49-12-10-101-007.000-900
UPID US31-0876932

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
  • Warehouse & Storage
  • Industrial Manufacturer Production Facility
  • Accounting Firm Tax Preparation

Location

7870 Morris St Indianapolis, IN 46231-1365
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
$1.37M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.37M

Owner & transaction history

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Auto repair, garage $1.4M +27.5%
Commercial (general) $1.3M +20.0%
Retail stores $1.3M +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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