874 S State Rd 135 Greenwood, IN 46143
Restaurant property for sale in a desirable location.
Property Features for 874 S State Rd 135
General Information
- Standard status
- Active
- Size
- 5,098 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing office SVN | Commercial Realty Advisors, Inc.
Listing date Mar 4, 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 SVN | Commercial Realty Advisors, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Generational location
- Ground lease opportunity
- Leased to Applebee's
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 | $86.9k | $17.04 |
| − Vacancy | −$4.5k | −$0.89 |
| EGI | $82.4k | $16.15 |
| − OpEx | −$20.6k | −$4.04 |
| NOI | $61.8k | $12.12 |
