Retail/Industrial/Specialty Property For
For Sale
Contact for pricing
Pending
3110 Bethel Ave, Indianapolis, IN 46203
6,000 SqFt retail, industrial, and specialty property available.
Property Size6,000 SF
Days on Market207
Property Features for 3110 Bethel Ave
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
Retail, Industrial, Special Purpose
Zoning
Industrial / commercial
Listing Agency:
Midland Realty Group Inc
Listed By:
Tina Sharma · License #RB22001158
(317) 970-9761
Source:
Crexi
Added: Mar 21
Changed: Oct 4
Last Checked: Oct 12 at 4:45PM
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 Midland Realty Group Inc
Investment Insights
Based on property information with market context.
This commercial real estate property offers 6,000 square feet of space suitable for retail, industrial, and specialty purposes.
Key Highlights
- Retail Property
- 6,000 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,562
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,240
$1.3M
Cap Rate 7%
$922,314
$922.3K
Cap Rate 9%
$717,356
$717.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$100.8K $16.80/SF
− Vacancy
−$8.6K −$1.43/SF
EGI
$92.2K $15.37/SF
− OpEx
−$27.7K −$4.61/SF
NOI
$64.6K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,240
Cap Rate 7%
$922,314
Cap Rate 9%
$717,356
Alternative Uses
Best Use
Retail
$922.3K
$807.0K – $1.08M
NOI $64,562 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,544 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
9,841 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,973 visits/mo
0.4 miles
AutoZone
Shops & Services
3,986 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
2,722 visits/mo
0.3 miles
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
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 Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - 6,000 SqFt retail, industrial, and specialty property available.
Where is this retail property located?
The property is located at 3110 Bethel Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Retail Property; 6,000 SqFt
