5411-5413 W Washington St, Indianapolis, IN 46241

Listing Agency: Premier Commercial Real Estate Services, Inc. Show Phone

Listed By: Pete Alveal · License IN #123455 Show Phone

Source: Moodyscre

Added: Nov 10 Changed: Nov 13 Last Checked: Nov 12 at 2:52PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 13,480-square-foot storefront retail property includes a drive-in loading door, providing a dedicated point for loading and unloading.

The property is on Washington Street, described as a thoroughfare through Indianapolis. It is adjacent to the Wayne Township Government Center and Fire Department.

Key Highlights

• 13,480 square feet of storefront retail space
• Drive‑in loading door
• Adjacent to the Wayne Township Government Center and Fire Department

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$145,050

Cap Rate

8.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,901,000 $2.9M

Cap Rate 7%

$2,072,143 $2.1M

Cap Rate 9%

$1,611,667 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,480 SF

Gross rent

$226.5K $16.80/SF

− Vacancy

−$19.2K −$1.43/SF

EGI

$207.2K $15.37/SF

− OpEx

−$62.2K −$4.61/SF

NOI

$145.1K $10.76/SF

Area

Indianapolis, IN

Vacancy

8.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,901,000

Cap Rate 7%

$2,072,143

Cap Rate 9%

$1,611,667

Alternative Uses

Best Use

Retail

$2.07M

$1.81M – $2.42M (±1% cap)

NOI $145,050 @ 7.0% cap · market cap 8.06%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.36M

$2.94M – $3.91M (±1% cap)

NOI $234,876 @ 7.0% cap · market cap 13.05%

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

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Auto Parts Store Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

461

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 46241, IN

33,568

Population

12,414

Households

2.7

Avg Household Size

33

Median Age

15%

College-Educated

73%

High-School Grad

23.9 sq mi

ZIP Area

1,405

Density / Sq Mi

$51,598

Median Household Income

$33,477

Median Earnings

$1,118

Median Rent

$111,500

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Indianapolis, IN

$146 Jul

$144 Aug

$186 Sep

$156 Oct

Properties on Market for Storefront properties in Indianapolis

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019

7.4% 2020

6.4% 2021

5% 2022

4.7% 2023

4.6% 2024

4.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - A drive-in loading door supports deliveries at this substantial retail storefront on Washington Street.

Where is this storefront property located?

The property is located at 5411-5413 W Washington St Indianapolis, IN.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 13,480 square feet of storefront retail space; Drive‑in loading door; Adjacent to the Wayne Township Government Center and Fire Department