Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9610 Allisonville Rd Indianapolis, IN 46250-2910

    • Commercial real estate
    • 13,795 SF
    • 1.32 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2020
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2890013
    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

    • Basement Waterproofing / Construction Company / General Contractor
    • William L. Sonner, RPH / Pharmacy
    • Robert Vargo / Pharmacy
    • Fletcher Bryant Clinic / Grocery & Convenience Store

    Property Details for 9610 Allisonville Rd

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.32 lot acres
    Property size
    13,795 SF
    Property type
    Commercial real estate
    APN
    29-14-10-000-037.101-006
    APU
    291410000037101006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0667
    Latitude
    39.9278
    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
    $26,713
    $1,188,000
    $25,600
    $1,213,600
    -
    $1,188,000
    $25,600
    $1,213,600

    Comparable in this City

    • Value Estimation by Request
      775 SF

      7535 Knue Rd

      COMMERCIAL (GENERAL) • 775 SF
      7535 Knue Rd, Indianapolis, IN 46250
      View Details
    • Value Estimation by Request
      80 SF

      4010 Statesmen Dr

      COMMERCIAL (GENERAL) • 80 SF
      4010 Statesmen Dr, Indianapolis, IN 46250-4242
      View Details
    • Value Estimation by Request
      3,165 SF

      8175 Allisonville Rd

      COMMERCIAL (GENERAL) • 3,165 SF
      8175 Allisonville Rd, Indianapolis, IN 46250-1780
      View Details
    • Value Estimation by Request
      16,980 SF

      8120 Castleway W Ct

      COMMERCIAL (GENERAL) • 16,980 SF
      8120 Castleway W Ct, Indianapolis, IN 46250-1917
      View Details
    • Value Estimation by Request
      10,020 SF

      8110 Castleway W Ct

      COMMERCIAL (GENERAL) • 10,020 SF
      8110 Castleway W Ct, Indianapolis, IN 46250-1917
      View Details
    • Value Estimation by Request
      3,904 SF

      6445 82nd St

      COMMERCIAL (GENERAL) • 3,904 SF
      6445 82nd St, Indianapolis, IN 46250-4592
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.28 Acres

      Prime Commercial Land, Indy

      0.28 Acres, High-Traffic Location
      5641 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Prime Indy Outlot Pad Site

      High-traffic location, ideal for retail.
      7235 96Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      2.86 Acres

      Castle Creek Commons: Retail Opportunity

      Prime Indianapolis retail land, build-to-suit.
      6086 86Th St, Indianapolis, IN 46250
      View Details
    • $5,700,000
      9.83 Acres

      Prime Commercial Land, I-69/465

      9.83 acres, high-traffic location, C-5 zoning
      0 I-69/465, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      21,994 SF

      Shadeland Avenue Professional Office Building

      Professional office building with signage and convenient highway access.
      7202-7212 N Shadeland Ave | Indianapolis, Indianapolis, IN 46250
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      55,766 SF

      Castleton Retail Space Available

      Prime Castleton location, 20,766 SF available
      5702 86Th St, Indianapolis, IN 46250
      View Details
    • $19 SF/Yr
      87,165 SF

      Heritage Park I Office Space

      Indianapolis Office Building: Flexible Suites Available
      6612 75Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      46,746 SF

      Retail Space Near Castleton Mall

      Retail space in Indianapolis near premier regional mall.
      8310-8410 Castleton Corner Dr, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      7,866 SF

      Office Space in Castleton Park

      Office space available for lease in Indianapolis, Indiana.
      8140 Knue Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      1,920 SF

      Retail Outlot Near Castleton Mall

      Retail space for lease or sale near major shopping destination.
      6362-8256 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing

      Land for Development in Fishers

      Prime commercial land available in Fishers development area.
      7225 E 96Th St, Indianapolis, IN 46250
      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.
    9610 Allisonville Rd
    Indianapolis, IN 46250-2910
    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

    Google sign-in failed. Please try again or use another login method.