1834 E 38th St, Indianapolis, IN
Retail property with excellent visibility and on-site parking.
- Added:
- Jan 5, 2024
- Days on Market:
- 899
- Last Refresh:
- May 20 at 10:03 pm
Property Features for 1834 E 38th St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.26 Acres
- Property subtype
- RETAIL
Listing agent Paul Rogozinski License #RB14047100
Listing office Veritas Realty (317) 472-1800
Listing date Jan 5, 2024
Source Moodyscre
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 Veritas Realty
HighLights
- Ongoing business with meticulously maintained building
- New roof, HVAC, hot water heater
- Excellent street visibility with onsite parking
- Equipment in like‑new condition
- Easy access from 38th Street
- Located near Indiana State Fairgrounds
Overview
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 | $53.8k | $16.80 |
| − Vacancy | −$4.6k | −$1.43 |
| EGI | $49.2k | $15.37 |
| − OpEx | −$14.8k | −$4.61 |
| NOI | $34.4k | $10.76 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- So Petal Florist - Same Day Flower Delivery — 1920 E 38th St, Indianapolis, IN 46218
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1274
- Latitude
- 39.8256