Free-Standing Retail Building
505 E Thompson Rd. Indianapolis, IN 46227
505 E Thompson Rd., Indianapolis, IN, 46227
$2,100,000
For Sale
$2,100,000
10,125 SF retail building in thriving Indianapolis area.
Property Size10,125 SF
Price / SF$207.41
Days on Market70
Property Features for 505 E Thompson Rd.
General Information
- Standard status
- Active
- Size
- 10,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agency
Premier Commercial Real Estate Services, Inc.
(317) 679-4046
Listed by
Matt Ferguson · License #RB17000936
(317) 679-4046
Source
Tcnworldwide
Added: May 14 Updated: Jul 10 at 1:39PM Checked: Jul 21 at 6:57AM
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 Premier Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This 10,125 square foot free-standing building, constructed in 1999, is located in Indianapolis. The property is zoned ZO01, making it suitable for a range of retail uses or adaptive redevelopments. The building features a spacious interior with a versatile layout, high visibility, and a prominent facade. It has a proven retail history in an established area and includes pylon signage and a drive-thru. This property is suitable for retail investors.
Key Highlights
- High‑visibility location in the thriving Indianapolis area.
- Spacious 10,125 SF free‑standing building with versatile layout.
- Zoned ZO01, ideal for a wide range of retail uses or adaptive redevelopments.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.3k | $21.96 |
| − Vacancy | −$15.1k | −$1.49 |
| EGI | $207.2k | $20.47 |
| − OpEx | −$62.2k | −$6.14 |
| NOI | $145.1k | $14.33 |
10,125 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,058 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,122 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
Coinhub Bitcoin ATM ...
Atm
Tad Itamura
Pharmacy
UPS Access Point ...
Courier Service
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - 10,125 SF retail building in thriving Indianapolis area.
Where is this storefront property located?
The property is located at 505 E Thompson Rd. Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High‑visibility location in the thriving Indianapolis area.; Spacious 10,125 SF free‑standing building with versatile layout.; Zoned ZO01, ideal for a wide range of retail uses or adaptive redevelopments.
