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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8502 Pendleton Pike Indianapolis, IN 46226-6649

    • Automotive properties
    • 1,920 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1246582
    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

    • Johnny's Auto Motor / Used Car Dealer / Auto Repair Shop
    • IndyKorea / Media Company / Publisher

    Property Details for 8502 Pendleton Pike

    Year built
    2007
    Construction
    METAL FRAME
    Lot size
    1.89 lot acres
    Property size
    1,920 SF
    Property type
    Automotive properties
    APN
    49-08-07-115-010.000-407
    APU
    490807115010000407

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $230,000
      Market price range: $75.0k - $230k
      AI Estimate
      $175,000
      Market price range: $43.4k - $175k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $155,000
      Current use
      COMMERCIAL (GENERAL)
      $145,000
      Change: -6% Conversion: Moderate
      RETAIL STORES
      $145,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0189
    Latitude
    39.8411
    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
    $8,465
    $170,100
    $158,600
    $328,700
    -
    $170,100
    $158,600
    $328,700

    Comparable in this City

    • Value Estimation
      $260,000
      8,000 SF

      8610 Pendleton Pike

      VEHICLE SALES, RENTALS • 8,000 SF
      8610 Pendleton Pike, Indianapolis, IN 46226-6604
      View Details
    • Value Estimation
      $400,000
      20,700 SF

      7905 Pendleton Pike

      VEHICLE SALES, RENTALS • 20,700 SF
      7905 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • Value Estimation
      $265,000
      2,400 SF

      6430 34th St

      VEHICLE SALES, RENTALS • 2,400 SF
      6430 34th St, Indianapolis, IN 46226-6118
      View Details
    • Value Estimation
      $170,000
      1,372 SF

      8102 Pendleton Pike

      VEHICLE SALES, RENTALS • 1,372 SF
      8102 Pendleton Pike, Indianapolis, IN 46226-4015
      View Details
    • Value Estimation
      $250,000
      7,200 SF

      8612 Pendleton Pike

      VEHICLE SALES, RENTALS • 7,200 SF
      8612 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • Value Estimation
      $290,000
      7,850 SF

      8431 Pendleton Pike

      VEHICLE SALES, RENTALS • 7,850 SF
      8431 Pendleton Pike, Indianapolis, IN 46226-4061
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Retail Building on Pendleton

      Freestanding retail building with ample parking and storage space.
      7250 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • $1,200,000
      2.41 Acres

      High-Traffic Retail Land, Indy

      Prime 2.41-acre development site. High visibility, heavy traffic.
      3815 Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $943,857
      4,000 SF

      Pizza Hut Investment Opportunity

      NNN leased Pizza Hut with franchisee guarantee for sale.
      4537 N Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $943,857
      4,000 SF

      Pizza Hut Net Lease Investment

      High-yield Pizza Hut, Indianapolis, IN
      4537 Shadeland Ave, Indianapolis, IN 46226
      View Details
    • $950,000
      8,481 SF

      Prime Indianapolis Shopping Center

      Retail Investment Opportunity: 8,481 SF
      3753 Post Rd, Indianapolis, IN 46226
      View Details
    • $725,000
      2 SF

      Freestanding Retail Property For Sale

      Freestanding retail property available for purchase.
      4601 N Arlington Ave, Indianapolis, IN 46226
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space on Pendleton Pike

      Retail spaces with high visibility and easy access.
      4060-4086 Pendleton Way, Indianapolis, IN 46226
      View Details
    • Contact for pricing

      Remodeled Retail Center with Outlots

      Remodeled retail center with high visibility and future development potential.
      8205 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • $2,250 /Mo
      10,800 SF

      High-Visibility Retail Space Available

      Prime commercial space in a high-traffic Indianapolis location.
      7017 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • $1,207 /Mo
      805 SF

      Indianapolis Retail Space For Lease

      Retail space with high visibility and flexible layout.
      4770 S Emerson Ave, Indianapolis, IN 46226
      View Details
    • Contact for pricing
      18,323 SF

      Retail Space Sublease Opportunity

      Sublease opportunity near I-465 and 38th Street interchange.
      6965 W 38Th St, Indianapolis, IN 46226
      View Details
    • $28 SF/Yr
      6,000 SF

      Retail Space in Shopping Center

      Retail space for lease in neighborhood shopping center.
      6970 Pendleton Pike, Indianapolis, IN 46226
      View Details
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    8502 Pendleton Pike
    Indianapolis, IN 46226-6649
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    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
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