1502 NEW BRITAIN AVENUE
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Location
1502 NEW BRITAIN AVENUE
Mblu
D16/ 3771/ 1502/ /
Parcel ID
3771 2 1502 0001
Owner
WEST FARMS MALL LLC
Total Market Value
$44,100,000
Appraisal
$63,000,000
Vision Id #
18682
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$54,795,800$8,204,200$63,000,000
Assessment
Valuation YearImprovementsLandTotal
2025$38,357,060$5,742,940$44,100,000

Owner of Record
OwnerWEST FARMS MALL LLC
Co-Owner
AddressC/O - PROPERTY TAX DEPT
PO BOX 6120
INDIANAPOLIS, IN 46206
Sale Price$0
Book & Page 2923/0039
Sale Date07/08/2002
InstrumentU

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
WEST FARMS MALL LLC$02923/0039U07/08/2002
WEST FARMS ASSOCIATES$00481/0641U01/29/1971

Building Information
Building 1 : Section 1
Year Built: 1974
Living Area: 165,926
Replacement Cost: $72,662,374
Building Percent Good: 63
Replacement Cost
Less Depreciation:
$45,728,800
Building Attributes
FieldDescription
Style:Enclosed Mall
ModelComm/Ind
GradeA 1.50
Stories:1
Occupancy 
Exterior Wall 1Reinf Concrete
Exterior Wall 2 
Roof StructureFlat
Roof CoverBuilt Up
Interior Wall 1Typical
Interior Wall 2 
Floor TypeConcrete Slab
Floor CoverCarpet
Heating FuelTypical
Heating TypeForced Hot Air
AC TypeCentral - Zone
As Built UseMALL
Bldg UseCommercial
Num of Bedrooms 
Total Baths 
Type 
Wet Sprinkler100
Dry Sprinkler 
1st Floor Use: 
ClassClass A
Frame TypeRigid Steel
PlumbingLIGHT
CeilingAcoustic Panel
Group1COM
Wall Height17.00
Adjustment 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
MLLMALL SHOPPING CTR 165,926 165,926
COMCOMMERCIAL - NV 168,892 0
   334,818 165,926
Building 2 : Section 1
Year Built: 1974
Living Area: 80,010
Replacement Cost: $16,101,834
Building Percent Good: 49
Replacement Cost
Less Depreciation:
$7,889,900
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Department Store
ModelComm/Ind
GradeB 1.10
Stories:3
Occupancy1.00
Exterior Wall 1Precast Panel
Exterior Wall 2 
Roof StructureFlat
Roof CoverBuilt Up
Interior Wall 1Minim/Masonry
Interior Wall 2 
Floor TypeConcrete Slab
Floor CoverTile
Heating FuelTypical
Heating TypeComplete HVAC
AC TypeComplete HVAC
As Built UseDEPT
Bldg UseCommercial
Num of Bedrooms 
Total Baths 
Type 
Wet Sprinkler 
Dry Sprinkler 
1st Floor Use: 
ClassClass B
Frame TypeRigid Steel
PlumbingAVERAGE
CeilingNot Applicable
Group1COM
Wall Height12.00
Adjustment 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
DPTDEPARTMENT STORE 80,010 80,010
COMCOMMERCIAL - NV 80,396 0
   160,406 80,010

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code201
DescriptionCommercial  
ZoneSD
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)14.56
Frontage
Depth
Total Market Land$5,742,940
Appraised Value$8,204,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
CLP4Paving, Asphalt  200000.00 SF$440,0001
CPL6Light Pole - Steel  300.00 SF$14,3001
C399Escalator  2.00 UNIT$197,5001
C215Elevator pass 1.5k lbs  1.00 UNIT$68,9001
C225Elevator pass 2.5k lbs  2.00 UNIT$456,4001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$54,795,800$8,204,200$63,000,000
2023$54,795,800$8,204,200$63,000,000
2022$54,795,800$8,204,200$63,000,000

Assessment
Valuation YearImprovementsLandTotal
2024$38,357,060$5,742,940$44,100,000
2023$38,357,060$5,742,940$44,100,000
2022$38,357,060$5,742,940$44,100,000

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