7352 Pendleton Pike, Indianapolis, IN 46226
Retail development opportunity with high traffic and commercial zoning.
- Added:
- Feb 17, 2026
- Days on Market:
- 129
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 7352 Pendleton Pike
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing office ParaSell Inc
Listing date Feb 17, 2026
Source Crexi
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 ParaSell Inc
HighLights
- Prime retail development opportunity on Pendleton Pike (30,000 VPD).
- Direct frontage on the area's primary retail corridor.
- Strategically located directly off I‑465 exit ramp.
- Across the freeway from Menard’s.
- Commercial zoning allows for a wide variety of uses (QSR, gas station, car wash, etc.).
- Value‑add potential through existing retail strip center with short‑term leases.
Overview
Local Financial Insights For Specialty Retail
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 | $252.0k | $21.00 |
| − Vacancy | −$17.6k | −$1.47 |
| EGI | $234.4k | $19.53 |
| − OpEx | −$58.6k | −$4.88 |
| NOI | $175.8k | $14.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.038641
- Latitude
- 39.8314338