Freestanding Day Care Center with Play
New
For Sale
$338,000
5040 E Thompson Road, Indianapolis, IN 46237
SINGLE_FAMILY - Indianapolis, IN
Property Size1,950 SF
Lot Size0.27 Acres
Price / SF$173.33
Days on Market5
Property Features for 5040 E Thompson Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-4
Parking features
Assigned
Elementary school
Hornet Park Elementary School
Middle school
Beech Grove Middle School
High school
Beech Grove Sr High School
Elementary school district
Beech Grove City Schools
Middle school district
Beech Grove City Schools
High school district
Beech Grove City Schools
Directions
GPS Friendly
Subdivision
4907 - Marion - Perry
Standard status
Active
APN
491033135020000502
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Se1/4 S33 T15 R4 Beg 170' W & 49.21' Nof Se Cor W 80' N 147.17' E 80' S 147.17' To Beg.270 Ac
Legal Description
Pt Se1/4 S33 T15 R4 Beg 170' W & 49.21' Nof Se Cor W 80' N 147.17' E 80' S 147.17' To Beg.270 Ac
Amenities
fenced outdoor play yard
company signage
Building Details
Year built
1973
Floors in Building
1
Roof type
Built-Up
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
(317) 564-7100
Listed By:
Sharon Stamper Thompson · License #RB14044406
(317) 564-7100
Added: Jul 31
Last Checked: Aug 4 at 3:06AM
MLS# 22117377
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding day care center for sale at 5040 E Thompson Road. The property was formerly occupied by Bright Sprouts Daycare and includes a fenced outdoor side and back play yard. The site is approximately 0.27 acres and the building is approximately 1,950 SF, built in 1973 with a built-up roof. Assigned parking is available on site.
The building sits on East Thompson Road with strong frontage and high traffic exposure, in a densely populated area with a residential customer base. It is just minutes from I-465 and I-69, and includes company signage. Additional income is generated from a Clear Channel Billboard lease.
With C-4 zoning, the site can support neighborhood service uses such as childcare/preschool, along with retail, medical, office, and pet services, with the southside location described as well-suited for another childcare or preschool operator with minimal conversion.
The building sits on East Thompson Road with strong frontage and high traffic exposure, in a densely populated area with a residential customer base. It is just minutes from I-465 and I-69, and includes company signage. Additional income is generated from a Clear Channel Billboard lease.
With C-4 zoning, the site can support neighborhood service uses such as childcare/preschool, along with retail, medical, office, and pet services, with the southside location described as well-suited for another childcare or preschool operator with minimal conversion.
Key Highlights
- C‑4 zoned freestanding day care center with fenced outdoor side and back play yard
- Approximately 1,950 SF building on a 0.27‑acre site
- Formerly occupied by Bright Sprouts Daycare
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 | $31.6k | $16.20 |
| − Vacancy | −$2.6k | −$1.34 |
| EGI | $29.0k | $14.86 |
| − OpEx | −$8.7k | −$4.46 |
| NOI | $20.3k | $10.40 |
1,950 SF · lease $16.20/SF/yr · vacancy 8.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$289.7K
$253.5K – $338.0K
NOI $20,278 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.4K
$402.0K – $536.0K
NOI $32,157 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon
Shops & Services
7,961 visits/mo
0.1 miles
Dollar General
Shops & Services
6,539 visits/mo
0.2 miles
Demographics for 46237, IN
44,378
Population
17,660
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
89%
High-School Grad
14.7 sq mi
ZIP Area
3,019
Density / Sq Mi
$76,676
Median Household Income
$47,742
Median Earnings
$1,272
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Similar Off Market Nearby
- Edgewood Preschool Cooperative — 4700 Shelbyville Rd, Indianapolis, IN 46237
- Kid City USA BeechGrove — 4545 Independence Square, Indianapolis, IN 46203
Frequently Asked Questions
What type of property is this?
Day care center - C-4 zoned freestanding day care building with fenced outdoor side and back play yard.
Where is this day care center located?
The property is located at 5040 E Thompson Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: C‑4 zoned freestanding day care center with fenced outdoor side and back play yard; Approximately 1,950 SF building on a 0.27‑acre site; Formerly occupied by Bright Sprouts Daycare
