Single-Story Auto
For Sale
$349,000
1001 E 30th St, Indianapolis, IN 46208
Gated commercial property with service-bay functionality, a car lift, and C-4 zoning.
Property Size1,902 SF
Lot Size0.22 Acres
Price / SF$183.49
Days on Market64
Property Features for 1001 E 30th St
General Information
Standard status
Active
Size
1,902 SF
Lot size
0.22 Acres
Zoning
C-4
Additional Details
Fenced Yard
Yes
Service Bays
3
Amenities
gated lot
car lift
Building Details
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
Keller Williams Indpls Metro N
(317) 430-6749
Listed By:
Cameron Mason · License #RB19000178
(317) 430-6749
Source:
Exprealty
Added: Jun 19
Changed: Aug 20
Last Checked: Aug 21 at 10:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indpls Metro N
Investment Insights
Based on property information with market context.
This single-story auto shop at 1001 E 30th Street includes a 1, 902-square-foot building with 3 car bays and an existing car lift. The property most recently operated as a towing and auto service center, providing a configuration suited to continued automotive use. The site is secured by a gate and includes two parcels totaling 9, 531 square feet, or 0.22 acres.
The property is positioned in the Monon Yard neighborhood, adjacent to the Monon and Fall Creek Trails. C-4 zoning supports the property’s commercial classification. Originally built in 1971, the site offers an established building and secured lot for an auto shop or other use supported by the zoning and existing improvements.
The property is positioned in the Monon Yard neighborhood, adjacent to the Monon and Fall Creek Trails. C-4 zoning supports the property’s commercial classification. Originally built in 1971, the site offers an established building and secured lot for an auto shop or other use supported by the zoning and existing improvements.
Key Highlights
- 1, 902‑square‑foot single‑story building with 3 car bays
- C‑4 zoning for commercial use
- Gated two‑parcel lot totals 9, 531 square feet (0.22 acres)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,466
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,320
$409.3K
Cap Rate 7%
$292,371
$292.4K
Cap Rate 9%
$227,400
$227.4K
Market Conditions
NOI Build-Up for 1,902 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.0K $16.80/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$29.2K $15.37/SF
− OpEx
−$8.8K −$4.61/SF
NOI
$20.5K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,320
Cap Rate 7%
$292,371
Cap Rate 9%
$227,400
Alternative Uses
Best Use
Retail
$292.4K
$255.8K – $341.1K
NOI $20,466 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$135.4K
$118.5K – $158.0K
NOI $9,481 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$473.4K
$414.3K – $552.3K
NOI $33,140 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Gated commercial property with service-bay functionality, a car lift, and C-4 zoning.
Where is this auto shop located?
The property is located at 1001 E 30th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1, 902‑square‑foot single‑story building with 3 car bays; C‑4 zoning for commercial use; Gated two‑parcel lot totals 9, 531 square feet (0.22 acres)
