Barber Shop Retail
For Sale
Contact for pricing
3343 Central Avenue #102, Indianapolis, IN 46205
The unit includes two available barber chairs and is ready for immediate occupancy.
Property Size10,540 SF
Price / SF$0.08
Days on Market95
Property Features for 3343 Central Avenue #102
General Information
Standard status
Active
Size
10,540 SF
Property subtype
Retail
Site & Location
Neighborhood
Mapleton / Fall Creek
Listing Agency:
Triple E Realty, LLC
(317) 210-3637
Listed By:
Edwin Watson
(317) 281-9281
Source:
Locksteprealty
Added: Jul 27
Changed: Oct 28
Last Checked: Oct 28 at 4:12PM
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 Triple E Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail unit is set up for barber shop use and includes two available chairs. The space is ready for immediate occupancy.
The property is located at 3343 Central Avenue, Unit 102, in Indianapolis, Indiana.
The property is located at 3343 Central Avenue, Unit 102, in Indianapolis, Indiana.
Key Highlights
- Two barber chairs available
- Ready for immediate occupancy
- 3343 Central Avenue, Unit 102, Indianapolis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,415
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,268,300
$2.3M
Cap Rate 7%
$1,620,214
$1.6M
Cap Rate 9%
$1,260,167
$1.3M
Market Conditions
NOI Build-Up for 10,540 SF
Gross rent
$177.1K $16.80/SF
− Vacancy
−$15.1K −$1.43/SF
EGI
$162.0K $15.37/SF
− OpEx
−$48.6K −$4.61/SF
NOI
$113.4K $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%
$2,268,300
Cap Rate 7%
$1,620,214
Cap Rate 9%
$1,260,167
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,415 @ 7.0% cap · market cap 14,176.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.30M – $3.06M
NOI $183,649 @ 7.0% cap · market cap 22,956.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Retail space - The unit includes two available barber chairs and is ready for immediate occupancy.
Where is this retail space located?
The property is located at 3343 Central Avenue #102 Indianapolis, IN.
What are key features of this property?
This property features: Two barber chairs available; Ready for immediate occupancy; 3343 Central Avenue, Unit 102, Indianapolis
