Zionsville Walgreens Retail
For Sale
Contact for pricing
200 S Frd Rd, Zionsville, IN 46077
Freestanding 14,550 SF building on 1.32 acres for sale.
Property Size14,550 SF
Lot Size1.32 Acres
Price / SF$438.83
Days on Market743
Property Features for 200 S Frd Rd
General Information
Standard status
Active
Size
14,550 SF
Class
C
Total Parking Spaces
54
Lot size
1.32 Acres
Property subtype
Retail
Zoning
R-MF-2
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$415,191
Building Details
Year Built
2012
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Indianapolis, Indiana
Listed By:
Bill French · License #RB14018427
(317) 590-5052
Source:
Crexi
Added: Sep 24, 2024
Changed: Oct 4
Last Checked: Oct 5 at 5:27PM
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 Cushman & Wakefield - Indianapolis, Indiana
Investment Insights
Based on property information with market context.
The property features a 14,550 square foot building situated on a 1.32-acre lot. It is located a little west of downtown Zionsville, Indiana, recognized as the 3rd best place to live in Indiana. The property benefits from two curb cuts, one on S. Ford Road and another on Oak Street. The surrounding area includes tenants such as Kroger, Planet Fitness, and Ace Hardware. Zionsville is known for prioritizing education and has received awards for its schools.
Key Highlights
- Located in Zionsville, Indiana, ranked as the 3rd best place to live in the state.
- Boasts a 14,550 square foot building on a 1.32‑acre lot.
- Built in 2012, indicating a relatively new construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$311,006
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,220,120
$6.2M
Cap Rate 7%
$4,442,943
$4.4M
Cap Rate 9%
$3,455,622
$3.5M
Market Conditions
NOI Build-Up for 14,550 SF
Gross rent
$436.5K $30.00/SF
− Vacancy
−$21.8K −$1.50/SF
EGI
$414.7K $28.50/SF
− OpEx
−$103.7K −$7.13/SF
NOI
$311.0K $21.38/SF
Area
Boone County, IN
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,220,120
Cap Rate 7%
$4,442,943
Cap Rate 9%
$3,455,622
Alternative Uses
Best Use
Specialty Retail
$4.44M
$3.89M – $5.18M
NOI $311,006 @ 7.0% cap · market cap 4.87%
Second Best
Retail
$667.9K
$584.4K – $779.2K
NOI $46,753 @ 7.0% cap · market cap 0.73%
Theoretical Best
Warehouse
$11.72M
$10.25M – $13.67M
NOI $820,114 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
112k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 33%
Groceries 23%
Home Improvements & Furnishings 7%
Kroger
Groceries
26,278 visits/mo
0.1 miles
McDonald's
Dining
15,396 visits/mo
0.2 miles
Speedway
Shops & Services
14,820 visits/mo
0.0 miles
Starbucks
Dining
11,814 visits/mo
0.1 miles
Great Lakes Ace Hardware
Home Improvements & Furnishings
7,082 visits/mo
0.1 miles
Demographics for 46077, IN
33,969
Population
13,104
Households
2.6
Avg Household Size
38
Median Age
73%
College-Educated
99%
High-School Grad
44.3 sq mi
ZIP Area
767
Density / Sq Mi
$160,868
Median Household Income
$83,190
Median Earnings
$1,672
Median Rent
$534,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS — 1466 W Oak St, Zionsville, IN 46077
- Commons Joanna L — 1466 W Oak St, Zionsville, IN 46077
- Nicholas Empey — 1466 W Oak St, Zionsville, IN 460771800
- CVS Pharmacy — 1466 W Oak St, Zionsville, IN 46077, United States
- Kroger Pharmacy — 5 Boone Village, Zionsville, IN 46077
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding 14,550 SF building on 1.32 acres for sale.
Where is this drug store located?
The property is located at 200 S Frd Rd Zionsville, IN.
What is the asking price?
The asking price for this property is $6,385,000.
What are key features of this property?
This property features: Located in Zionsville, Indiana, ranked as the 3rd best place to live in the state.; Boasts a **14,550 square foot building** on a 1.32‑acre lot.; Built in 2012, indicating a relatively new construction.
