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    Property profile & analytics

    9296 Waldemar Rd Indianapolis, IN 46268

    • Office space
    • 1,984 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-3520150
    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

    • Wiltrout Sales Inc / Electrical Products Wholesaler

    Property Details for 9296 Waldemar Rd

    Year built
    1954
    Lot size
    0.99 lot acres
    Property size
    1,984 SF
    Property type
    Office space
    APN
    49-03-18-109-006.000-600

    Description

    This mixed-use property, located in Indianapolis, Indiana, presents a unique investment opportunity. The 1,984 square foot building sits on a 0.99-acre lot and is zoned MU-1, allowing for a variety of uses. Constructed in 1954, this single-story structure offers a blend of creative, executive, and traditional office spaces, currently vacant and ready for immediate occupancy. The property boasts convenient access to I-465, a significant advantage for commuting. Included is a 356 square foot warehouse area, adding versatility to the space. The existing furniture and fixtures are negotiable, providing flexibility for the new owner. The property's address is 9296 Waldemar Rd, Indianapolis, IN 46268, with the APN 49-03-18-109-006.000-600. This prime location in College Park offers excellent potential for a variety of businesses seeking a well-situated and adaptable office space. The asking price for this property is $350,000. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.229795
    Latitude
    39.9206835

    Comparable in this City

    • $2,500,000
      18,000 SF

      Indianapolis Office Building: 18,000 SF

      Prime Indy Office, Owner-User Opportunity
      3333 Founders Rd, Indianapolis, IN 46268
      View Details
    • $1,650,000
      10,790 SF

      Well-Maintained Office Space Available

      10,790 SF office building in College Park area.
      3334 Founders Rd, Indianapolis, IN 46268
      View Details
    • $610,000
      0.78 Acres

      Prime Indianapolis Commercial Land

      0.78-Acre Lot, B7 Zoning
      3838 96Th St, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Augusta Heights

      0.12-acre lot in a convenient Indianapolis location.
      3044 Sapphire Blvd, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Augusta Heights

      0.12-acre lot in Indianapolis's convenient Augusta Heights neighborhood.
      2884 Emerald St, Indianapolis, IN 46268
      View Details
    • $1,950,000
      16,155 SF

      Industrial Building with Office Space

      16,155 SF industrial building with office and parking.
      7260 Georgetown Rd, Indianapolis, IN 46268
      View Details

    Similar Nearby for Sale

    • $2,500,000
      18,000 SF

      Indianapolis Office Building: 18,000 SF

      Prime Indy Office, Owner-User Opportunity
      3333 Founders Rd, Indianapolis, IN 46268
      View Details
    • $1,650,000
      10,790 SF

      Well-Maintained Office Space Available

      10,790 SF office building in College Park area.
      3334 Founders Rd, Indianapolis, IN 46268
      View Details
    • $610,000
      0.78 Acres

      Prime Indianapolis Commercial Land

      0.78-Acre Lot, B7 Zoning
      3838 96Th St, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Augusta Heights

      0.12-acre lot in a convenient Indianapolis location.
      3044 Sapphire Blvd, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Augusta Heights

      0.12-acre lot in Indianapolis's convenient Augusta Heights neighborhood.
      2884 Emerald St, Indianapolis, IN 46268
      View Details
    • $1,950,000
      16,155 SF

      Industrial Building with Office Space

      16,155 SF industrial building with office and parking.
      7260 Georgetown Rd, Indianapolis, IN 46268
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,880 SF

      Renovated Office Space for Lease

      Office space with modern amenities and convenient highway access.
      3905 Vincennes Rd, Indianapolis, IN 46268
      View Details
    • $18 SF/Yr
      1,397 SF

      Office Space with Lake View

      Centrally located office space with immediate highway access and patio.
      8777 Purdue Rd, Indianapolis, IN 46268
      View Details
    • $11 SF/Yr
      35,700 SF

      Park 100: Premier Indy Office Space

      Large Office Suites Available, Indianapolis, IN
      5273-5307 Lakeview Pkwy Dr, Indianapolis, IN 46268
      View Details
    • $3,000 /Mo
      1,708 SF

      Refurbished Commercial Space on Main

      Renovated commercial space suitable for office, retail, or studio.
      7601 Michigan Rd, Indianapolis, IN 46268
      View Details
    • $9 SF/Yr
      9,458 SF

      Flex Space with Office

      9,458 SF flex space featuring office and warehouse components.
      8435 Georgetown Rd, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      7,554 SF

      Class A Office Space Available

      Class A office building with modern collaboration spaces for rent.
      6100 W 96Th St, Indianapolis, IN 46268
      View Details
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    9296 Waldemar Rd
    Indianapolis, IN 46268
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    Realmo Value Estimation

    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.

    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.

    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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