Plainfield Strip Center For
2028 Stafford Rd Plainfield, IN 46168
2028 Stafford Rd, Plainfield, IN, 46168
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For Sale
Contact for pricing
Prime strip center in Plainfield, Indiana, fully leased.
Property Size7,200 SF
Price / SF$215.28
Days on Market708
Property Features for 2028 Stafford Rd
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1981
Listing Agency
Eclipse Realty Group
(317) 258-1399
Listed by
Jason Alsup · License #RB14035549
Source
Crexi
Added: Aug 13, 2024 Updated: Jul 6 at 8:32 am Checked: Jul 20 at 5:27 am
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 Eclipse Realty Group
Investment Insights
Based on property information with market context.
A strip center is available for purchase in Plainfield, Indiana. The property is situated adjacent to Traders Point Church, which occupies the former Marsh grocery store location. All six units within the strip center are currently leased. The building has been recently painted on the exterior and features a new handicap curb cut to provide wheelchair access to all six units. State Farm is a key tenant and has signed a 10-year lease renewal. The property benefits from high visibility on State Road 267 and is accessible from Stafford Road. The property size is 7200 square feet.
Key Highlights
- Prime location next to Traders Point Church (formerly Marsh grocery store).
- All 6 units are currently leased, providing immediate income.
- Opportunity to increase rental rates upon lease expiration for higher cash flow.
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 | $129.6k | $18.00 |
| − Vacancy | −$5.7k | −$0.79 |
| EGI | $123.9k | $17.21 |
| − OpEx | −$37.2k | −$5.16 |
| NOI | $86.7k | $12.05 |
7,200 SF · lease $18.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,728 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,517 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Simply Custom Apparel
Textile Manufacturer
Jim Flanagan - State ...
Insurance Agency
Better Hearing Inc
Medical Clinic
Indy Smoke Shop
(Bike/Boat/Book/etc) Store
BLAZE Salon off ...
Hair Salon
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FAQs
What type of property is this?
Strip mall - Prime strip center in Plainfield, Indiana, fully leased.
Where is this strip mall located?
The property is located at 2028 Stafford Rd Plainfield, IN.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Prime location next to Traders Point Church (formerly Marsh grocery store).; All 6 units are currently leased, providing immediate income.; Opportunity to increase rental rates upon lease expiration for higher cash flow.
