Standalone Mixed-Use
For Sale
Contact for pricing
4044 North Keystone Avenue, Indianapolis, IN 46205
Commercial structure positioned at the intersection of Keystone Avenue and Millersville Road.
Property Size4,000 SF
Price / SF$156.25
Days on Market98
Property Features for 4044 North Keystone Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Office, Mixed Use
Site & Location
Neighborhood
University Heights
Building Details
Buildings
1
Listing Agency:
Midland Atlantic Properties
Listed By:
Will Berens · License #IN
(317) 597-1718
Source:
Crexi
Added: Jul 30
Changed: Oct 25
Last Checked: Nov 3 at 5:30AM
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 Atlantic Properties
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 standalone mixed-use building contains approximately 4,000 square feet of commercial space. The property is situated at the intersection of Keystone Avenue and Millersville Road in Indianapolis, providing a clearly identified urban location for a range of mixed-use applications.
Key Highlights
- 4,000‑square‑foot standalone mixed‑use building
- Located at Keystone Avenue and Millersville Road
- 4044 North Keystone Avenue, Indianapolis, IN 46205
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,600
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,000
$972.0K
Cap Rate 7%
$694,286
$694.3K
Cap Rate 9%
$540,000
$540.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$8.6K −$2.16/SF
EGI
$77.8K $19.44/SF
− OpEx
−$29.2K −$7.29/SF
NOI
$48.6K $12.15/SF
Area
Indianapolis, IN
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,000
Cap Rate 7%
$694,286
Cap Rate 9%
$540,000
Alternative Uses
Best Use
Mixed Use
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$614.9K
$538.0K – $717.4K
NOI $43,042 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$995.7K
$871.2K – $1.16M
NOI $69,696 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Shops & Services 30%
Beauty & Spa 1%
Electronics 1%
Walmart Neighborhood Market
Groceries
48,271 visits/mo
0.3 miles
Speedway
Shops & Services
21,963 visits/mo
0.5 miles
Great Clips
Beauty & Spa
1,076 visits/mo
0.5 miles
Cricket Wireless Authorized Retailer
Electronics
891 visits/mo
0.4 miles
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial structure positioned at the intersection of Keystone Avenue and Millersville Road.
Where is this mixed-use property located?
The property is located at 4044 North Keystone Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,000‑square‑foot standalone mixed‑use building; Located at Keystone Avenue and Millersville Road; 4044 North Keystone Avenue, Indianapolis, IN 46205
