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    5242 Rockville Rd Indianapolis, IN 46224

    For Lease
    Contact for pricing

    Freestanding building suitable for office, medical, or retail use.

    Property size:
    2,401 SF
    Lot size:
    0.36 Acres

    Property Features for 5242 Rockville Rd

    General Information

    Size
    2,401 SF
    Lot size
    0.36 Acres

    Source: JLL | Indianapolis Agent Tim Murray

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

    Overview

    Freestanding Building Near Interstate 465

    This well-constructed, freestanding building presents an excellent opportunity for office, medical, or retail use. The property features ample parking and is located at a signalized intersection, providing easy access to Interstate 465. Its location is also within minutes of the Indianapolis International Airport. The surrounding area has a high residential density, with over 180,000 residents within a 15-minute drive. The property offers a total size of 2401 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2491615
    Latitude
    39.7655976

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    FAQs

    What type of property is this?
    Retail space - Freestanding building suitable for office, medical, or retail use.
    Where is this retail space located?
    The property is located at 5242 Rockville Rd Indianapolis, IN.
    What are key features of this property?
    This property features: - Well-constructed, freestanding building; - High residential density nearby (over 180,000 population within 15-minute drive); - Easy access to Interstate 465
    (317) 471-7081
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    5242 Rockville Rd Indianapolis, IN 46224
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    Indianapolis, IN 46224
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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
    5242 Rockville Rd Indianapolis, IN 46224
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