Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9606 Washington St Indianapolis, IN 46229-3032
    Back to Search
    Property profile & analytics

    9606 Washington St, Indianapolis, IN 46229-3032

    View on Map
    • Specialty properties
    • 16,204 SF
    • 2.22 lot acres
    Off-Market
    Property ID
    US31-0964808
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shirley Brothers Mortuaries & Crematory-Washington Memorial Chapel / Social Service Agency

    Property Details for 9606 Washington St

    Year built
    1980
    Construction
    WOOD
    Lot size
    2.22 lot acres
    Property type
    Specialty properties
    APN
    49-09-05-112-009.000-700
    APU
    490905112009000700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Shirley Brothers Co INC — Deed Of Trust · related $50k · Fifth Third Bank In Central
    — — Shirley Brothers Co INC — Deed Of Trust · related $2.4M · Fifth Third Bank
    — — Shirley Brothers Co INC — Deed Of Trust · related $350k · Fifth Third Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -85.9955
    Latitude
    39.7753
    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
    $38,224
    $664,000
    $688,500
    $1,352,500
    -
    $664,000
    $688,500
    $1,352,500

    Comparable in this City

    • Value Estimation by Request
      11,744 SF

      10722 Washington St

      FUNERAL HOME
      10722 Washington St, Indianapolis, IN 46229-2614
      View Details
    • Value Estimation by Request
      6,300 SF

      11630 Washington St

      FUNERAL HOME
      11630 Washington St, Indianapolis, IN 46229-2830
      View Details
    • Value Estimation by Request
      10,020 SF

      11636 Washington St

      FUNERAL HOME
      11636 Washington St, Indianapolis, IN 46229-2830
      View Details
    • Value Estimation by Request
      5,400 SF

      11636 Washington St

      FUNERAL HOME
      11636 Washington St, Indianapolis, IN 46229-2830
      View Details
    • Value Estimation by Request
      5,600 SF

      11636 Washington St

      FUNERAL HOME
      11636 Washington St, Indianapolis, IN 46229-2830
      View Details
    • Value Estimation by Request
      0.74 Acres

      2815 Mitthoefer Pl

      VACANT COMMERCIAL LAND
      2815 Mitthoefer Pl, Indianapolis, IN 46229-9401
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Visibility Corner Lot Church

      Church with high visibility on busy Washington Street.
      11000 E Washington St, Indianapolis, IN 46229
      View Details
    • $924,900
      20.80 Acres

      Residential Land Near Brookview Elementary

      20+ acres for residential development near Warren Township Schools.
      1100 N Cumberland Rd, Indianapolis, IN 46229
      View Details
    • $924,900

      Land Available in Indianapolis

      Land for sale at 1100 N Cumberland Road, Indianapolis.
      1100 N Cumberland Rd, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Land on US HWY 40

      Land available on US HWY 40 near new developments.
      Indianapolis, IN 46229
      View Details
    • $385,000

      Retail Land Near Washington Square

      Commercial land with high visibility near Washington Square Mall.
      10536 East Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Prime Retail Land Opportunity

      Commercial land available near Washington Square Mall.
      10536 E Washington St, Indianapolis, IN 46229
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Retail Space Available

      21,500 SF space in high-traffic Indianapolis retail corridor.
      10030 E Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Prime Retail Space on Washington

      30,428 SF retail space with high visibility and access.
      10101 E Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing
      124,590 SF

      Renovated Warehouse with Modern Upgrades

      124,590 SF warehouse with convenient interstate access.
      10859 E Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing
      2,164 SF

      Medical Office Building For Lease

      Class A medical office building with surgery center, radiology, and lab.
      9650-9670 E Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing
      14,820 SF

      Retail Space Near Major Anchors

      Retail space with frontage and high traffic exposure available for lease.
      11025 E Washington St, Indianapolis, IN 46229
      View Details
    • Contact for pricing

      Commercial Outlot Near Retail Hub

      New outlot construction near Walmart and Hobby Lobby.
      10405 E Washington St, Indianapolis, IN 46229
      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.
    9606 Washington St
    Indianapolis, IN 46229-3032
    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
    9606 Washington St, Indianapolis, IN, 46229
    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!