730 FRY RD, Greenwood, IN 46142
Highly visible building with extensive Fry Road frontage and an on-site parking lot for flexible office, medical, or retail use.
- Added:
- Jun 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 6 at 2:42 am
Property Features for 730 FRY RD
General Information
- Standard status
- Active
- Size
- 5,405 SF
- Lot size
- 0.57 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1980
Listing agent Keith Turnbill License #IN
Listing office RE/MAX Advanced Realty
Listing date Jun 2, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advanced Realty
HighLights
- 5,405 SF commercial building on approx. 0.57 acres in Greenwood
- 120 ft of frontage along Fry Road, a primary east‑west corridor
- More than 16,000 vehicles pass the property daily for strong traffic exposure
- Existing parking lot plus excellent ingress/egress along Fry Road
- Previously operated as a daycare facility with a functional layout for other commercial uses
- Year built: 1980
Overview
Located on Fry Road in Greenwood, the site offers approximately 120 feet of frontage along one of the area’s primary east-west corridors. The property benefits from strong traffic exposure with more than 16,000 vehicles passing daily, along with excellent ingress and egress to support convenient day-to-day operations.
With its prominent road presence, accessible parking, and adaptable interior configuration, the building is well-suited for tenants seeking visibility and straightforward site access. It may also appeal to buyers planning to continue a daycare-oriented use or convert the property to a medical practice, professional office, retail, or service business that can benefit from consistent local drive-by traffic. The central Greenwood location also provides convenient access to State Road 135, U.S. 31, and Interstate 65.
Local Financial Insights For Office B
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 | $107.0k | $19.80 |
| − Vacancy | −$16.1k | −$2.97 |
| EGI | $91.0k | $16.83 |
| − OpEx | −$22.7k | −$4.21 |
| NOI | $68.2k | $12.62 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kid City USA- South point — 8830 Southpointe Dr, Indianapolis, IN 46227
- Academy of Learning — 8830 Southpointe Dr, Indianapolis, IN 46227
- PixieCare Home Daycare LLC — 276 concord way, greenwood, in 46142
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.124037
- Latitude
- 39.628553
