Retail Building with Rear
For Sale
Contact for pricing
710 E 52nd St, Indianapolis, IN 46220
Retail building with a brand-new roof, rear garage/loading access, and eight on-site parking spaces.
Property Size4,120 SF
Lot Size0.25 Acres
Price / SF$216.02
Days on Market181
Property Features for 710 E 52nd St
General Information
Standard status
Active
Size
4,120 SF
Total Parking Spaces
8
Lot size
0.25 Acres
Property subtype
RETAIL
Listing Agency:
Premier Commercial Real Estate Services, Inc.
(317) 454-7171
Listed By:
Pete Alveal · License #IN123455
(317) 997-9362
Source:
Moodyscre
Added: Mar 16
Changed: Aug 9
Last Checked: Sep 11 at 8:52AM
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.
This for-sale retail building offers 4,500+ square feet of space on a 0.25-acre lot. The property includes a brand-new roof and convenient rear garage/loading access, with eight on-site parking spaces that are described as rare for the area. The zoning is listed as flexible, supporting multiple use potential and value-add considerations.
Located at 710 E 52nd St in Indianapolis, the property is noted for its high-demand Broad Ripple location.
As configured, the asset combines a dedicated retail building footprint with practical back-of-house access and on-site parking, which can support a variety of retail-oriented layouts within the flexible-use framework referenced in the listing.
Located at 710 E 52nd St in Indianapolis, the property is noted for its high-demand Broad Ripple location.
As configured, the asset combines a dedicated retail building footprint with practical back-of-house access and on-site parking, which can support a variety of retail-oriented layouts within the flexible-use framework referenced in the listing.
Key Highlights
- 4,500+ SF retail building on a 0.25‑acre lot
- Brand new roof
- 8 on‑site parking spaces
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
$44,333
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
4.98%
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%
$886,660
$886.7K
Cap Rate 7%
$633,329
$633.3K
Cap Rate 9%
$492,589
$492.6K
Market Conditions
NOI Build-Up for 4,120 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
$69.2K $16.80/SF
− Vacancy
−$5.9K −$1.43/SF
EGI
$63.3K $15.37/SF
− OpEx
−$19.0K −$4.61/SF
NOI
$44.3K $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 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%
$886,660
Cap Rate 7%
$633,329
Cap Rate 9%
$492,589
Alternative Uses
Best Use
Retail
$633.3K
$554.2K – $738.9K
NOI $44,333 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.3K – $1.20M
NOI $71,787 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with a brand-new roof, rear garage/loading access, and eight on-site parking spaces.
Where is this storefront 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: 4,500+ SF retail building on a 0.25‑acre lot; Brand new roof; 8 on‑site parking spaces
