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    Indianapolis Commercial Building on 82nd Title is generated by Realmo AI

    6816 E 82nd St, Indianapolis, IN 46250

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    For Sale
    $1,790,000

    Vacant 6,409 SF commercial building in a high-traffic location.

    Type:Vacant-User
    Property size:
    6,409 SF
    Price / SF:
    $279/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:34 am

    Property Features for 6816 E 82nd St

    General Information

    Standard status
    Active
    Size
    6,409 SF
    Property subtype
    Vacant-User

    Building Details

    Year Built
    1947

    We can help!

    Listing Contact
    David Klink

    Listing agent David Klink License #IN: RB14049256

    Listing office Indianapolis Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Indianapolis Office

    HighLights

    • High traffic location on E 82nd Street with ±150,000 vehicles per day.
    • Flexible C‑4 zoning allows for a broad array of commercial uses.
    • Excellent regional connectivity with direct access to I‑465 and I‑69.
    • Located in a densely populated area with ±150,000 residents within a 3‑mile radius.
    • Strong demographics with an average household income of approximately $95,000 within a 3‑mile radius.
    • Value‑add opportunity for investors or owner‑users to retrofit the 6,409 SF building.

    Overview

    The property at 6816 E 82nd Street in Indianapolis, Indiana, is a vacant 6,409 SF commercial building situated in a dense retail and commercial area. Located along E 82nd Street, the property benefits from high traffic volume of approximately 50,000 vehicles per day, offering strong visibility. Zoned C-4, the property allows for a broad array of commercial uses, including retail, service, medical, and automotive-related businesses. The existing zoning and building configuration present an opportunity to retrofit the space for a variety of alternative commercial uses. The surrounding area has approximately 50,000 residents within a three-mile radius and an average household income of roughly $95,000. The site offers regional connectivity with direct access to Interstate 465 and Interstate 69, which together carry combined traffic counts of approximately 350,000 vehicles per day. This location is suitable for establishing a presence in one of Indianapolis’ most active commercial corridors. The building previously operated as an automotive facility.
    Location Intelligence

    Current Use by Public Records

    International Food Catering ... Catering Service Waxwerks & Audio+ Interior Design Paco's Taqueria - Food ... Restaurant Intoxalock Ignition Interlock Auto Repair Shop Castleton Upholstery Furniture & Home Goods

    Suggested Use

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

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

    Similar Places Nearby

    • Budget Car Rental — 6463 E 82nd St, Indianapolis, IN 46250
    • Budget Truck Rental — 6463 E 82nd St, Castleton, IN 46250
    • Avis Car Rental — 6463 E 82nd St, Indianapolis, IN 46250
    • Car Rental Indianapolis — 6453 E 82nd St, Indianapolis, IN 46250
    • Keller-Rivest — 6866 Hillsdale Ct, Indianapolis, IN 46250

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.048712
    Latitude
    39.905476

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    FAQs

    What type of property is this?
    Automotive property - Vacant 6,409 SF commercial building in a high-traffic location.
    Where is this automotive property located?
    The property is located at 6816 E 82nd St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: High traffic location on E 82nd Street with ±150,000 vehicles per day.; Flexible C‑4 zoning allows for a broad array of commercial uses.; Excellent regional connectivity with direct access to I‑465 and I‑69.
    (317) 218-5324
    We can help!
    Listing Contact
    David Klink
    Real Estate License ID: IN: RB14049256
    Learn More
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    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
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