Listing Agency: Carpenter, REALTORS

Listed By: Andrew Tanner Show Phone

Source: Eveloteam

Added: May 9 Changed: Oct 25 Last Checked: Oct 24 at 7:57PM

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Investment Insights

Based on property information with market context.

This restaurant property is offered for sale. The listing provides GPS-friendly directions for locating the asset.

The property is identified as being in Johnson County, Indiana, and is listed at 382 E Lakeview Drive in Nineveh, IN 46164.

For complete buildout details and current condition, interested buyers should request the full offering package from the listing broker.

Key Highlights

• Restaurant property for sale with GPS‑friendly directions
• Located in Johnson County
• Common parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,708

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$294,160 $294.2K

Cap Rate 7%

$210,114 $210.1K

Cap Rate 9%

$163,422 $163.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,214 SF

Gross rent

$20.7K $17.04/SF

− Vacancy

−$1.1K −$0.89/SF

EGI

$19.6K $16.15/SF

− OpEx

−$4.9K −$4.04/SF

NOI

$14.7K $12.12/SF

Area

Johnson County, IN

Vacancy

5.20%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$294,160

Cap Rate 7%

$210,114

Cap Rate 9%

$163,422

Alternative Uses

Best Use

Specialty Retail

$210.1K

$183.9K – $245.1K (±1% cap)

NOI $14,708 @ 7.0% cap · market cap 4.20%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$305.9K

$267.7K – $356.9K (±1% cap)

NOI $21,415 @ 7.0% cap · market cap 6.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Eddie's Lakeview Pizza Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Storage Facility Restaurant Grocery & Convenience Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,539 visits/mo 0.1 miles

Demographics for 46164, IN

4,324

Population

2,500

Households

1.7

Avg Household Size

47

Median Age

26%

College-Educated

94%

High-School Grad

26.4 sq mi

ZIP Area

164

Density / Sq Mi

$92,235

Median Household Income

$41,803

Median Earnings

$866

Median Rent

$234,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property offered for sale with GPS-friendly directions in Johnson County.

Where is this conventional restaurant located?

The property is located at 382 E Lakeview Dr Nineveh, IN.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Restaurant property for sale with GPS‑friendly directions; Located in Johnson County; Common parking