505 E Thompson Rd. Indianapolis, IN 46227
10,125 SF retail building in thriving Indianapolis area.
Property Features for 505 E Thompson Rd.
General Information
- Standard status
- Active
- Size
- 10,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing office Premier Commercial Real Estate Services, Inc. (317) 679-4046
Listing date May 14, 2026
Source Tcnworldwide
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 Premier Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility location in the thriving Indianapolis area.
- Spacious 10,125 SF free‑standing building with versatile layout.
- Zoned ZO01, ideal for a wide range of retail uses or adaptive redevelopments.
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 | $222.3k | $21.96 |
| − Vacancy | −$15.1k | −$1.49 |
| EGI | $207.2k | $20.47 |
| − OpEx | −$62.2k | −$6.14 |
| NOI | $145.1k | $14.33 |