Retail Office Building with
5243 ROCKVILLE RD Indianapolis, IN 46224
5243 ROCKVILLE RD, Indianapolis, IN, 46224
Contact for pricing
For Sale
Contact for pricing
For sale C-3 zoned building featuring 17 parking spaces and 200+ feet of hard-corner frontage.
Property Size4,524 SF
Price / SF$121.57
Days on Market89
Property Features for 5243 ROCKVILLE RD
General Information
- Standard status
- Active
- Size
- 4,524 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1946
Listing agency
KW Commercial Indy Metro South
(317) 882-5900
Listed by
Shelly Johnson · License #IN RB14043056
Source
Crexi
Added: Apr 25 Updated: Jul 22 at 9:28AM Checked: Jul 22 at 9:28AM
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 KW Commercial Indy Metro South
Investment Insights
Based on property information with market context.
This C-3 zoned retail/office building is offered for sale with 17 parking spaces and a hard-corner configuration. The property also has 200+ feet of frontage, supporting flexible street-level presence for commercial uses.
The site is located about one mile from I-465, providing convenient regional access for retail and office operations.
With its parking count and substantial frontage, the building is designed to accommodate day-to-day customer or client access in a straightforward, easily marketable footprint.
The site is located about one mile from I-465, providing convenient regional access for retail and office operations.
With its parking count and substantial frontage, the building is designed to accommodate day-to-day customer or client access in a straightforward, easily marketable footprint.
Key Highlights
- C‑3 zoned building built in 1946
- Hard‑corner location with 200+ feet of frontage
- 17 parking spaces on site
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 | $76.0k | $16.80 |
| − Vacancy | −$6.5k | −$1.43 |
| EGI | $69.5k | $15.37 |
| − OpEx | −$20.9k | −$4.61 |
| NOI | $48.7k | $10.76 |
4,524 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$853.3K
$746.6K – $995.5K
NOI $59,730 @ 7.0% cap · market cap 10.86%
Second Best
Retail
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$1.13M
$985.3K – $1.31M
NOI $78,826 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale C-3 zoned building featuring 17 parking spaces and 200+ feet of hard-corner frontage.
Where is this retail space located?
The property is located at 5243 ROCKVILLE RD Indianapolis, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: C‑3 zoned building built in 1946; Hard‑corner location with 200+ feet of frontage; 17 parking spaces on site
