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

    8099 Castleton Rd Indianapolis, IN 46250-2053

    • Commercial land
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1260579
    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

    • Commercial land

    Property Details for 8099 Castleton Rd

    Lot size
    0.17 lot acres
    Zone code
    ZO01
    Property type
    Commercial land
    APN
    49-02-23-108-009.000-400
    APU
    490223108009000400

    Description

    This exceptional 0.17-acre commercial land parcel, located at 8099 Castleton Rd in Indianapolis, Indiana (Marion County, zip code 46250), presents a unique investment opportunity. The property is zoned C4, offering considerable development flexibility. The asking price is $125,000. This sale includes three adjacent lots and will not be subdivided. Detailed architectural and engineering drawings are available for a potential 9,900 square foot office warehouse development, which is designed to be easily divided into eight individual spaces. A potential sale-leaseback agreement for 1,500 square feet is also being considered. The property boasts excellent visibility from I-69, ensuring high traffic exposure and potential for strong tenant interest. The APN is 490223108009000400. This is an ideal location for a variety of commercial ventures, benefiting from its strategic positioning and zoning allowances. Serious inquiries are encouraged to review the available documentation outlining the comprehensive development plans. The property's prime location and development potential make it a compelling investment opportunity in a thriving Indianapolis market.

    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
    -86.0504
    Latitude
    39.903
    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
    $1,162
    $47,500
    $0.00
    $47,500
    -
    $47,500
    $0.00
    $47,500

    Comparable in this City

    • Value Estimation by Request
      27.00 Acres

      4300 82nd St

      VACANT COMMERCIAL LAND • 27.00 Acres
      4300 82nd St, Indianapolis, IN 46250-1666
      View Details
    • Value Estimation by Request
      9.79 Acres

      7481 Shadeland Ave

      VACANT COMMERCIAL LAND • 9.79 Acres
      7481 Shadeland Ave, Indianapolis, IN 46250-2077
      View Details
    • Value Estimation by Request
      0.05 Acres

      8340 Kelly Ln

      VACANT COMMERCIAL LAND • 0.05 Acres
      8340 Kelly Ln, Indianapolis, IN 46250-1665
      View Details
    • Value Estimation by Request
      1.12 Acres

      Shadeland Ave

      VACANT COMMERCIAL LAND • 1.12 Acres
      Shadeland Ave, Indianapolis, IN 46250
      View Details
    • Value Estimation by Request
      0.55 Acres

      7225 96th St

      VACANT COMMERCIAL LAND • 0.55 Acres
      7225 96th St, Indianapolis, IN 46250-3308
      View Details
    • Value Estimation by Request
      0.18 Acres

      6758 Gentry St

      VACANT COMMERCIAL LAND • 0.18 Acres
      6758 Gentry St, Indianapolis, IN 46250-2015
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Outlot For Sale

      1.66 acre outlot suitable for medical, office, or retail development.
      5410 E 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Lakefront Land Parcels Available

      10.5 & 2.8 acre lakefront land parcels for sale.
      5110 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Lakefront Land Parcels Available

      10.5 & 2.8 acre lakefront land parcels with I-465 visibility.
      8360 Allison Pointe Blvd, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      3.27 Acre Lakefront Land Parcel

      3.27 acre land parcel with lakefront and I-465 visibility.
      8560 Allison Pointe Blvd, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      198 Acres of Development Land

      Large land parcel with interstate frontage and city utilities.
      6309 W 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Land Available for Life Science

      52-acre land parcel suitable for life science companies.
      7498-7098 E 96Th St, Indianapolis, IN 46250
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Development in Fishers

      Prime commercial land available in Fishers development area.
      7225 E 96Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Land for Development in Fishers

      Prime commercial land available in Fishers development area.
      7355 E 96Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      4,199 SF

      Prime Retail Opportunity in Indianapolis

      Land and outlots available in high-traffic Indianapolis location.
      7035 E 96Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Hard-Corner Land Near Castleton Mall

      Land with high visibility near a major regional mall.
      6022 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      160,000 SF

      Prime Retail Space in Indianapolis

      Anchor pad and outlots available in high-traffic Fishers development.
      7045 E 96Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      100,000 SF

      Castle Creek Commons Retail Space

      Prime Indianapolis retail land, build-to-suit.
      6086 86Th St, 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.
    8099 Castleton Rd
    Indianapolis, IN 46250-2053
    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.