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    9240 Rockville Rd Indianapolis, IN 46234

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    For Sale
    $5,385,000

    NNN leased retail property in dense Indianapolis retail corridor.

    Property size:
    14,490 SF
    Lot size:
    1.76 Acres

    Property Features for 9240 Rockville Rd

    General Information

    Size
    14,490 SF
    Lot size
    1.76 Acres

    Source: Marcus & Millichap - Atlanta Agent Don McMinn

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

    Overview

    Indianapolis Retail Investment Opportunity

    This retail property is located in Indianapolis, the largest city and capital of Indiana. Situated within a dense retail corridor that includes 6.5 million square feet of retail space within a 3-mile radius, the property benefits from a high-traffic location at a signalized intersection with a combined 59,371 vehicles per day. The surrounding area has a 5-mile population of 157,000 residents, with an anticipated growth rate of 13%. The property is subject to a 10-year corporate NNN lease with an investment-grade tenant. The property contains 14,490 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk Walgreens Drug Store Walgreens Pharmacy Pharmacy Walgreens Photo Passport Photo Processor COVID-19 Drive-Thru Testing ... Pharmacy

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.3252603
    Latitude
    39.7644199

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    FAQs

    What type of property is this?
    NNN property - NNN leased retail property in dense Indianapolis retail corridor.
    Where is this nnn property located?
    The property is located at 9240 Rockville Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $5,385,000.
    What are key features of this property?
    This property features: - 10 year corporate NNN lease; - Investment grade tenant; - **Signalized intersection with 59,371 VPD**
    (678) 808-2700
    Request Owner's contact information
    9240 Rockville Rd Indianapolis, IN 46234
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    Indianapolis, IN 46234
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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
    9240 Rockville Rd Indianapolis, IN 46234
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