Broad Ripple Commercial
For Sale
Contact for pricing
710 E 52nd St, Indianapolis, IN 46205
Value-add commercial building in Broad Ripple with parking.
Property Size4,672 SF
Lot Size0.25 Acres
Price / SF$190.50
Days on Market198
Property Features for 710 E 52nd St
General Information
Standard status
Active
Size
4,672 SF
Lot size
0.25 Acres
Property subtype
Retail
Listing Agency:
Premier Commercial TCN Worldwide Real Estate
(317) 997-9362
Listed By:
Pete Alveal · License #IN123455
Source:
Crexi
Added: Feb 5
Changed: Aug 12
Last Checked: Aug 21 at 12:25PM
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 TCN Worldwide Real Estate
Investment Insights
Based on property information with market context.
This 4,672 square foot commercial building is located in Broad Ripple, one building off 52nd & College. Situated on a 0.25-acre lot, the property offers flexibility for various commercial uses, including retail, office, creative, showroom, or light warehouse. A dedicated rear parking lot provides 8 on-site spaces. The building also features rear garage access, suitable for deliveries, storage, or operational use. The property has strong structural fundamentals, including a new roof. The functional layout allows for reconfiguration or subdivision into multiple suites, creating the opportunity to increase rental income. This property is suitable for investors or owner-users seeking long-term upside in a thriving commercial corridor.
Key Highlights
- Prime location in Broad Ripple, one building off 52nd & College.
- Rare 0.25‑acre lot with dedicated rear parking (8 spaces).
- 4,672 SF building suitable for Retail, Office, Creative, Showroom, or Light Warehouse.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,233,680
$1.2M
Cap Rate 7%
$881,200
$881.2K
Cap Rate 9%
$685,378
$685.4K
Market Conditions
NOI Build-Up for 4,672 SF
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.
Gross rent
$100.9K $21.60/SF
− Vacancy
−$18.7K −$4.00/SF
EGI
$82.2K $17.60/SF
− OpEx
−$20.6K −$4.40/SF
NOI
$61.7K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,233,680
Cap Rate 7%
$881,200
Cap Rate 9%
$685,378
Alternative Uses
Best Use
Office B
$881.2K
$771.1K – $1.03M
NOI $61,684 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$718.2K
$628.4K – $837.9K
NOI $50,273 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,405 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Value-add commercial building in Broad Ripple with parking.
Where is this retail property located?
The property is located at 710 E 52nd St Indianapolis, IN.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Prime location in Broad Ripple, one building off 52nd & College.; Rare 0.25‑acre lot with dedicated rear parking (8 spaces).; 4,672 SF building suitable for Retail, Office, Creative, Showroom, or Light Warehouse.
