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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Grocery and convenience stores
8902 38th St Indianapolis, IN 46226-6073
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US31-3535768
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
40,530 SF
Lot
4.9 ac (213,444 SF)
Zoning code
ZO01
APN
49-08-18-120-002.000-401
UPID
US31-3535768
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
-
Cafe Head Start High School Daycare Center
-
Family Development Services High School Daycare Center
-
Marion County WIC - La Plaza Clinic Social Service Agency Charitable Organization
-
Dr. Jacqueline S. Nti Pediatrician Medical Clinic
-
Far East Side Neighborhood Center Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.44M
Owner & transaction history
Oreilly Automotive INC · 20 yrs held
Oreilly Automotive INC
since 2005
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$35 / 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
Assessed value
$1,661,200
Assessed 2023
Previous assessed
$1,661,200
+0.0% YoY
Assessed land
$414,000
Assessed improvement
$1,247,200
Land market value
$414,000
Improvement market value
$1,247,200
Total market value
$1,661,200
Applied tax rate
401.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
40,530 SF
Lot
4.9 ac (213,444 SF)
Zoning code
ZO01
APN
49-08-18-120-002.000-401
UPID
US31-3535768
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.
Building & site characteristics
From public records
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Oreilly Automotive INC
Entity
Mailing address
8902 E 38TH ST, INDIANAPOLIS, IN 46226-6073
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
Ld Acquisition Co 19 LLC
—
Deed
related
$294,658,000 · Wilmington Trust Co
Feb 17, 2020
—
Ld Acquisition Co 19 LLC
—
Deed
related
$200,000,000 · Whitney Bk
Jan 26, 2011
—
Community Alliance Of Far East Si
—
Trustees Deed
related
$10,000 · Regions Bank
Sep 29, 2005
—
Oreilly Automotive INC
Community Alliance Of Far East Si
Warranty Deed
—
—
—
Community Alliance Of Far East Si
—
Deed Of Trust
related
$50,000 · Regions Bank
—
—
Community Alliance Of Far East Si
—
Deed Of Trust
related
$239,904 · Regions Bank
—
—
Community Alliance Of Far Eastsid
—
Deed Of Trust
related
$215,659 · Old Nat'l Bk
—
—
Ld Acquisition Co 19 LLC
—
Deed Of Trust
related
$200,000,000 · Whitney Bk
—
—
Community Alliance Of Far Eastsid
—
Deed Of Trust
related
$202,151 · J P Morgan Chase Bank
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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