7447 Us 31Indianapolis, IN 46227

  • Retail properties
  • 3,132 SF
Off market
$916,454 Estimated

Property Details for 7447 Us 31

Year built
1994
Construction
WOOD
Lot size
1.00 AC
Property size (Sq ft)
3,132 SF
Property type
Retail properties
Property subtype
Banks
APN
49-14-13-116-013.000-500
APU
491413116013000500

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $597,110
    6.5%
    $551,179
    7%
    $511,809
  • Comparable approach

    Method
    Valuation
    Relative Method
    $740,693
    Geo Method
    $740,693
  • Alternative Use

    Use
    Valuation
    Residential
    $464,940
    Hospitality
    $425,883
    Educational
    $354,329
    Medical
    $366,515
    Retail
    $551,179
7447 Us 31, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.6582
Longitude
-86.1423
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $326,200
  • Assessed land value
    $431,200
  • Assessed value
    $757,400
  • Tax year
    2023
  • Tax bill
    $21,162

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