Hard Corner Drug
3808 E Washington St Indianapolis, IN 46201
3808 E Washington St, Indianapolis, IN, 46201
Contact for pricing
For Sale
Contact for pricing
For sale drug store property on a hard corner location.
Property Size12,585 SF
Price / SF$119.13
Days on Market161
Property Features for 3808 E Washington St
General Information
- Standard status
- Active
- Size
- 12,585 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing agency
Matthews
Listed by
Josh Bishop · License #TX 688810
Source
Crexi
Added: Feb 10 Updated: Jul 20 at 11:59PM Checked: Jul 20 at 11:59PM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale drug store property is located at 3808 E Washington St in Indianapolis, Indiana. The offering is positioned on a hard corner, providing a prominent retail presence.
According to the provided information, the surrounding area supports a 5-mile population of 262,535 residents. This makes the site a compelling option for operators or investors evaluating retail demand within that radius.
According to the provided information, the surrounding area supports a 5-mile population of 262,535 residents. This makes the site a compelling option for operators or investors evaluating retail demand within that radius.
Key Highlights
- Built in 1997
- Hard corner location
- 5‑mile population: 262,535 residents
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 | $211.4k | $16.80 |
| − Vacancy | −$18.0k | −$1.43 |
| EGI | $193.5k | $15.37 |
| − OpEx | −$58.0k | −$4.61 |
| NOI | $135.4k | $10.76 |
12,585 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.25M
$1.96M – $2.62M
NOI $157,155 @ 7.0% cap · market cap 10.48%
Second Best
Retail
$1.93M
$1.69M – $2.26M
NOI $135,420 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,281 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS Pharmacy
Pharmacy
CVS
Pharmacy
Coinhub Bitcoin ATM ...
Atm
MoneyGram
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- CVS Pharmacy — 3808 E Washington St, Indianapolis, IN 46201
- Kroger Pharmacy — 4445 E 10th St, Indianapolis, IN 46201
- CVS — 3808 E Washington St, Indianapolis, IN 46201
- Rx Drive-Thru — Indianapolis, IN 46201
- Sheetal Mistry — 3205 E Washington St, Indianapolis, IN 462014207
FAQs
What type of property is this?
Drug store - For sale drug store property on a hard corner location.
Where is this drug store located?
The property is located at 3808 E Washington St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,499,209.
What are key features of this property?
This property features: Built in 1997; Hard corner location; 5‑mile population: 262,535 residents
