Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9302 N Meridian St Indianapolis, IN 46260
    Property profile & analytics

    9302 N Meridian St Indianapolis, IN 46260

    View on Map
    • Parking lots & garages
    • 39,076 SF
    • 0.63 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Meridian Street Office and Medical For Lease
    $18 SF/Yr
    1,020 SF

    Meridian Street Office and Medical

    Office and medical suites available on Meridian Street.

    9302 N Meridian St, Indianapolis, IN
    View Listing
    Property ID
    US31-0640328
    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.
    Value Estimations
    $545,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Activate Healthcare / Physician
    • Men's Health Solutions / Medical Clinic
    • Indy Pediatric Occupational Therapy / Physician
    • Ferree & Dusko Insurance / Insurance Agency
    • TCU Insurance Agency / Insurance Agency

    Property Details for 9302 N Meridian St

    Year built
    1981
    Lot size
    0.63 lot acres
    Property size
    39,076 SF
    Zone code
    ZO01
    Property type
    Parking lots & garages
    APN
    49-03-14-123-013.000-800
    APU
    490314123013000800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $625k - $1.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.16
    Latitude
    39.924
    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
    $8,008
    $290,700
    $24,800
    $315,500
    -
    $290,700
    $24,800
    $315,500

    Comparable in this City

    • Value Estimation
      $1,170,000
      67,888 SF

      8530 Township Line Rd

      PARKING LOT • 67,888 SF
      8530 Township Line Rd, Indianapolis, IN 46260-1927
      View Details
    • Value Estimation by Request
      5,650 SF

      2320 86th St

      PARKING LOT • 5,650 SF
      2320 86th St, Indianapolis, IN 46260-1906
      View Details
    • Value Estimation by Request
      5,650 SF

      2350 86th St

      PARKING LOT • 5,650 SF
      2350 86th St, Indianapolis, IN 46260
      View Details
    • Value Estimation by Request
      13,950 SF

      2190 86th St

      PARKING LOT • 13,950 SF
      2190 86th St, Indianapolis, IN 46260
      View Details
    • Value Estimation by Request
      2,600 SF

      1853 86th St

      PARKING LOT • 2,600 SF
      1853 86th St, Indianapolis, IN 46260
      View Details
    • Value Estimation by Request
      3,492 SF

      1851 86th St

      PARKING LOT • 3,492 SF
      1851 86th St, Indianapolis, IN 46260-2001
      View Details

    Similar Nearby for Sale

    • New
      $475,000
      0.50 Acres

      Residential Lots in Meridian Hills

      Residential lots for sale in Meridian Hills, Indianapolis.
      75 W 72Nd St, Indianapolis, IN 46260
      View Details
    • Contact for pricing
      12,681 SF

      Surgery Center Near Ascension St.

      Surgery center near Ascension St. Vincent Indianapolis campus.
      8651 Township Line Rd, Indianapolis, IN 46260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,048 SF

      Former Bank Branch with Drive-Thru

      Former bank branch with drive-thru, high visibility, and strong demographics.
      9075 N Meridian St, Indianapolis, IN 46260
      View Details
    • Contact for pricing
      3,200 SF

      Upscale Retail Space in Indianapolis

      Retail rental in Greenbriar, located in Indianapolis, IN.
      1410-1518 W 86Th St, Indianapolis, IN 46260
      View Details
    • Contact for pricing
      1,147 SF

      Retail Space Near Grocery Store

      Retail space adjacent to Fresh Thyme Market on 86th St.
      2324 West 86Th St, Indianapolis, IN 46260
      View Details
    • Contact for pricing
      1,147 SF

      Retail Space Near Grocery Store

      Retail space adjacent to Fresh Thyme Market on 86th.
      2258-2348 W 86Th St, Indianapolis, IN 46260
      View Details
    • Contact for pricing
      1,400 SF

      Retail Center Near Hospitals

      Retail space in affluent neighborhood near major hospitals.
      1204-1268 W 86Th St, Indianapolis, IN 46260
      View Details
    • Contact for pricing
      900 SF

      Upscale Retail Space in Indianapolis

      Retail rental in Greenbriar, Indianapolis' busy and affluent north side.
      1410-1436 W 86Th St, Indianapolis, IN 46260
      View Details
    View Listing
    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.
    9302 N Meridian St
    Indianapolis, IN 46260
    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

    Thank You for Inquiry
    9302 N Meridian St, Indianapolis, IN, 46260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!