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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
8001 10th St Indianapolis, IN 46214
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-1090446
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
TYPE NOT SPECIFIED
Total area
7,138 SF
Lot
1.11 ac (48,438 SF)
Zoning code
ZO01
APN
49-12-03-106-001.000-974
UPID
US31-1090446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lily Dental Dental Office
-
Indys Dr Jule Dental Office
-
Julian Gray Dental Office
-
Esther Ghebremichael Dental Office
-
Esther Russtom Ghebremichael Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$715k
Owner & transaction history
4 Brothers Partnership LLC · 2 yrs held
4 Brothers Partnership LLC
since 2023
3 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$570,000
+6.6%
Commercial (general)
$535,000
+0.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$535,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,304
Tax year 2023
Assessed value
$606,900
Assessed 2023
Previous assessed
$606,900
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$266,400
Assessed improvement
$340,500
Land market value
$266,400
Improvement market value
$340,500
Total market value
$606,900
Applied tax rate
974.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
7,138 SF
Lot
1.11 ac (48,438 SF)
Zoning code
ZO01
APN
49-12-03-106-001.000-974
UPID
US31-1090446
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$535,000
INDUSTRIAL (GENERAL)
Est. value
$445,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
4 Brothers Partnership LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7939 W 10TH ST, INDIANAPOLIS, IN 46214-2428
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
—
4 Brothers Partnership LLC
5 Star Investments LLC
Warranty Deed
—
Oct 23, 2020
—
5 Star Investments LLC
Fair Deal Liquor Corp
Warranty Deed
$967,500 · Bmo Harris Bank NA
Jun 4, 2020
—
Star Clinic Realty LLC
Pd Property Investments LLC
Warranty Deed
$176,000 · Stockyard Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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