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    5110 E 38Th St Indianapolis, IN 46205

    For Lease
    Contact for pricing

    Stand-alone retail space available for sublease in busy location.

    Property size:
    12,900 SF
    Lot size:
    1.64 Acres

    Property Features for 5110 E 38Th St

    General Information

    Size
    12,900 SF
    Lot size
    1.64 Acres

    Source: Premier Commercial Real Estate Services, Inc. Agent Pete Alveal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former CVS Stand-Alone Retail Space

    This is a former stand-alone CVS available for sublease through January 31, 2032. The property is situated in a busy location at the intersection of 38th Street and Emerson Boulevard, offering ingress and egress on both streets. It also provides easy access from Grand Avenue, a side street. The property provides ample parking and has a size of 12900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Huge Impact Restaurant Restaurant MoneyGram Money Transfer Service CVS Drug Store CVS Pharmacy Pharmacy UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    CVS, CVS Pharmacy, Mark Leeper

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.247456
    Latitude
    39.8257797

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    FAQs

    What type of property is this?
    Drug store - Stand-alone retail space available for sublease in busy location.
    Where is this drug store located?
    The property is located at 5110 E 38Th St Indianapolis, IN.
    What are key features of this property?
    This property features: - Sublease available through 1/31/2032; - Busy location at 38th St. & Emerson Blvd.; - Ingress & egress on 38th St. & Emerson Blvd.
    (317) 997-9362
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    Indianapolis, IN 46205
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    Realmo Value Estimation

    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.

    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.

    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
    5110 E 38Th St Indianapolis, IN 46205
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