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Prime Keystone Crossing Commercial Property

8208 Allisonville Rd Indianapolis, IN 46250

8208 Allisonville Rd, Indianapolis, IN, 46250
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Excellent visibility, accessibility, and robust infrastructure in a dynamic location.

Property Size3,056 SF
Lot Size0.23 Acres
Price / SF$299.41
AddedJul 18, 2024
Days on Market727
Last RefreshMay 12 at 8:59 pm

Property Features for 8208 Allisonville Rd

General Information

Standard status
Active
Size
3,056 SF
Lot size
0.23 Acres
Property subtype
Retail

Building Details

Year Built
1958

Listing office Williams Midwest

Listing date Jul 18, 2024

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 Williams Midwest


Investment Insights

Based on property information with market context.

The property at 8208 Allisonville Road is located in the Keystone Crossing submarket. The 3,056 SF office space is situated on a 0.23-acre lot. Constructed with masonry, the building offers durability. Surface parking is available with 10 spaces. The location provides visibility and accessibility, with convenient access to major roads like I-465 and public transportation. The property's location near retail stores, restaurants, and healthcare facilities provides a dynamic environment. This property is suitable for businesses seeking a convenient environment in Indianapolis.

Key Highlights

  • Prime location in the vibrant Keystone Crossing submarket with excellent visibility and accessibility.
  • Convenient access to major roads (I‑465) and public transportation.
  • 3,056 SF of office space suitable for business operations.

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 $66.0k $21.60
− Vacancy −$12.2k −$4.00
EGI $53.8k $17.60
− OpEx −$13.4k −$4.40
NOI $40.3k $13.20
3,056 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$576.4K
$504.4K – $672.5K (±1% cap)
NOI $40,348 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$469.8K
$411.1K – $548.1K (±1% cap)
NOI $32,884 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$760.7K
$665.6K – $887.5K (±1% cap)
NOI $53,248 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Castleton Integrative Health Alternative Medicine Practice Sheppard Ronald G ... Alternative Medicine Practice

Suggested Use

HVAC Service Storage Facility Auto Parts Store Pharmacy Bakery Garden Center (Bike/Boat/Book/etc) Store Acupuncture Florist Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Excellent visibility, accessibility, and robust infrastructure in a dynamic location.
Where is this retail space located?
The property is located at 8208 Allisonville Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Prime location in the vibrant Keystone Crossing submarket with excellent visibility and accessibility.; Convenient access to major roads (I‑465) and public transportation.; 3,056 SF of office space suitable for business operations.
Contact an agent
(317) 496-2536 Call to check price and availability
More about this property
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