Day Care Center with On-Site
For Sale
$799,900
730 Fry Road, Greenwood, IN 46142
Commercial Sale, Greenwood, IN
Property Size5,405 SF
Lot Size0.57 Acres
Price / SF$147.99
Days on Market141
Property Features for 730 Fry Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CL
Elementary school district
Greenwood Community Sch Corp
Middle school district
Greenwood Community Sch Corp
High school district
Greenwood Community Sch Corp
Directions
GPS Friendly
Subdivision
4102 - Johnson - Pleasant
Standard status
Active
APN
410230014004000026
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Ne 1/4 S30 T14 R4
Tax Annual Amount
6932
Legal Description
Pt Ne 1/4 S30 T14 R4
Utilities
Utilities
Cable Available
Building Details
Year built
1980
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 881-3700
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Added: May 29
Changed: Oct 8
Last Checked: Oct 16 at 1:06PM
MLS# 22105650
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This day care property contains a 5,405-square-foot building on 0.57 acres. It was most recently operated as a daycare facility and includes an existing parking lot. The site is zoned CL.
The property fronts Fry Road, with 120 feet along the corridor and access from the road. More than 16,000 vehicles pass the property daily. Nearby context includes residential neighborhoods, schools, retail centers, and commercial development. State Road 135, U.S. 31, and Interstate 65 are identified as nearby routes.
The property fronts Fry Road, with 120 feet along the corridor and access from the road. More than 16,000 vehicles pass the property daily. Nearby context includes residential neighborhoods, schools, retail centers, and commercial development. State Road 135, U.S. 31, and Interstate 65 are identified as nearby routes.
Key Highlights
- 5,405‑square‑foot building on 0.57 acres
- 120 feet of frontage along Fry Road
- More than 16,000 vehicles pass the property daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,225
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,500
$1.4M
Cap Rate 7%
$974,643
$974.6K
Cap Rate 9%
$758,056
$758.1K
Market Conditions
NOI Build-Up for 5,405 SF
Gross rent
$107.0K $19.80/SF
− Vacancy
−$16.1K −$2.97/SF
EGI
$91.0K $16.83/SF
− OpEx
−$22.7K −$4.21/SF
NOI
$68.2K $12.62/SF
Area
Johnson County, IN
Vacancy
15.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,500
Cap Rate 7%
$974,643
Cap Rate 9%
$758,056
Alternative Uses
Best Use
Office B
$974.6K
$852.8K – $1.14M
NOI $68,225 @ 7.0% cap · market cap 8.53%
Second Best
Healthcare Medical
$920.5K
$805.4K – $1.07M
NOI $64,435 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,344 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46142, IN
32,052
Population
14,396
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,151
Density / Sq Mi
$85,611
Median Household Income
$47,831
Median Earnings
$1,122
Median Rent
$266,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Concordia Lutheran Preschool — 305 N, Howard Rd, Greenwood, IN 46142
- Celebrate Life Child Care Center — 730 Fry Rd, Greenwood, IN 46142
- Kid City USA- South point — 8830 Southpointe Dr, Indianapolis, IN 46227
- Academy of Learning — 8830 Southpointe Dr, Indianapolis, IN 46227
- Madison KinderCare — 8829 Madison Ave, Indianapolis, IN 46227
Frequently Asked Questions
What type of property is this?
Day care center - The former childcare facility includes an existing parking lot and a building suited to its prior day care use.
Where is this day care center located?
The property is located at 730 Fry Road Greenwood, IN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 5,405‑square‑foot building on 0.57 acres; 120 feet of frontage along Fry Road; More than 16,000 vehicles pass the property daily
