Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    10348 Pendleton Pike Indianapolis, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic commercial land with drive-thru potential on Pendleton Pike.

    Type:LAND
    Lot size:
    1.15 Acres
    Added:
    Sep 2, 2025
    Days on Market:
    246
    Last Refresh:
    Apr 5 at 11:30 pm

    Property Features for 10348 Pendleton Pike

    General Information

    Standard status
    Active
    Lot size
    1.15 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 10348 Pendleton Pike Contact us

    We can help!

    Listing Contact
    Nathaniel Delumpa
    Nathaniel Delumpa

    Listing agent Nathaniel Delumpa License #RB17001235

    Listing office CBRE | Indianapolis

    Listing date Sep 2, 2025

    Source Moodyscre

    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 CBRE | Indianapolis

    Overview

    Prime Commercial Land for Lease

    This commercial land for lease benefits from high visibility with over 35,000 average daily traffic. The property features full-access ingress and egress on Pendleton Pike. It offers tier-1 positioning and includes a drive-thru option.
    Location Intelligence

    Current Use by Public Records

    Keesling Custom Pools ... General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.984673
    Latitude
    39.859053

    Nearby Similar for Lease

    • $4,000/Mo

      Indianapolis Restaurant/Bar Opportunity

      Restaurant/bar space with existing infrastructure and outdoor entertainment area.
      3131 Shelby Street, Indianapolis, IN 46227
      View Details
    • $6,900/Mo

      Broad Ripple Commercial Building Available

      High-visibility Indianapolis building for sale or lease in Broad Ripple.
      2131 E 54th Street, Indianapolis, IN 46220
      View Details
    • $1,250/Mo

      Furnished Offices Near I-465

      Furnished offices in prime Indianapolis location, ready for occupancy.
      6302 Rucker Road, Indianapolis, IN 46220
      View Details
    • $3,500/Mo

      Versatile Indianapolis Commercial Space Available

      Multiple spaces available for lease, suitable for office, retail, and more.
      1915 Southeastern Avenue, Indianapolis, IN 46201
      View Details
    • $700/Mo

      Private Office Space For Lease

      Office space for lease in Perry Township, Indianapolis.
      8001 S Meridian Street, Indianapolis, IN 46217
      View Details
    • $925/Mo

      Franklin Township Office Space Available

      Office space for lease in Franklin Township, Indianapolis.
      5128 E Stop 11 Road, Indianapolis, IN 46237
      View Details
    • $2,600/Mo

      Prime Retail Space Available

      High-visibility retail space in a busy Indianapolis plaza.
      2077 Emerson Avenue, Indianapolis, IN 46218
      View Details
    • $4,500/Mo

      Pendleton Pike Retail Space Available

      Versatile retail space in high-traffic area with flexible layout.
      7027 Pendleton Pike, Indianapolis, IN 46226
      View Details
    • $5,385/Mo

      Professional Office Space Near I-65

      3,800 SF office space near Franciscan Health and I-65.
      5136 E Stop 11 Road, Indianapolis, IN 46237
      View Details
    • $12 SF/Yr

      Versatile Office Space Near I-465

      Flexible office space near downtown Indianapolis with immediate highway access.
      5550 Elmwood Court, Indianapolis, IN 46203
      View Details
    • $2,000/Mo

      Refurbished Commercial Space For Lease

      Refurbished commercial space with high visibility on a main road.
      7601 Michigan Road, Indianapolis, IN 46268
      View Details
    • $1,700/Mo

      Indianapolis Office Space For Rent

      57,964 square foot office space available for lease.
      5401 S East Street, Indianapolis, IN 46227
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic commercial land with drive-thru potential on Pendleton Pike.
    Where is this land located?
    The property is located at 10348 Pendleton Pike Indianapolis, IN.
    What are key features of this property?
    This property features: 35,000+ Average Daily Traffic; Pendleton Pike Full‑Access Ingress & Egress; Tier‑1 Positioning
    (317) 269-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nathaniel Delumpa
    Nathaniel Delumpa
    Real Estate License ID: RB17001235
    Learn More
    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.
    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
    10348 Pendleton Pike, Indianapolis, IN
    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!