High-Traffic Retail
3832 Eagle View Drive Indianapolis, IN 46254
For Sale
Contact for pricing
Retail storefront for sale near I-465, with an exit traffic count exceeding 96,000 vehicles per day.
Property Size3,859 SF
Price / SF$439.23
Days on Market54
Property Features for 3832 Eagle View Drive
General Information
Standard status
Active
Size
3,859 SF
Property subtype
RETAIL
Listing Agency:
Shook Commercial Real Estate
(765) 427-2047
Listed By:
Dustin Zufall
(765) 427-2047
Source:
Moodyscre
Added: Jun 4
Changed: Jul 25
Last Checked: Jul 27 at 11:20AM
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 Shook Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail storefront property for sale is located at 3832 Eagle View Drive in Indianapolis, Indiana. The offering is positioned in a retail corridor with established national retailers.
The site is just off Interstate 465 and West 38th Street. Traffic counts at this exit exceed 96,000 vehicles per day, and the surrounding area includes retailers such as McDonald’s, Starbucks, Cracker Barrel, Target, Home Depot, Taco Bell, and several others. The property also benefits from proximity to the Indianapolis Motor Speedway, home to the Indianapolis 500 and Brickyard 400.
The site is just off Interstate 465 and West 38th Street. Traffic counts at this exit exceed 96,000 vehicles per day, and the surrounding area includes retailers such as McDonald’s, Starbucks, Cracker Barrel, Target, Home Depot, Taco Bell, and several others. The property also benefits from proximity to the Indianapolis Motor Speedway, home to the Indianapolis 500 and Brickyard 400.
Key Highlights
- Retail storefront located just off I‑465 and West 38th Street
- Exit traffic counts exceed 96,000 vehicles per day
- Surrounded by national retailers including Target, Home Depot, Starbucks, and McDonald's
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 | $76.4k | $19.80 |
| − Vacancy | −$6.2k | −$1.60 |
| EGI | $70.2k | $18.20 |
| − OpEx | −$21.1k | −$5.46 |
| NOI | $49.2k | $12.74 |
3,859 SF · lease $19.80/SF/yr · vacancy 8.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$702.2K
$614.4K – $819.2K
NOI $49,153 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,245 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Larkin | Same Day Flower Delivery Indianapolis IN — 6128 w 25th st, speedway, in 46224
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront for sale near I-465, with an exit traffic count exceeding 96,000 vehicles per day.
Where is this storefront property located?
The property is located at 3832 Eagle View Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Retail storefront located just off I‑465 and West 38th Street; Exit traffic counts exceed 96,000 vehicles per day; Surrounded by national retailers including Target, Home Depot, Starbucks, and McDonald's
