Prime Keystone Crossing Commercial
For Sale
Contact for pricing
8208 Allisonville Rd, Indianapolis, IN 46250
Excellent visibility, accessibility, and robust infrastructure in a dynamic location.
Property Size3,056 SF
Lot Size0.23 Acres
Price / SF$299.41
Days on Market822
Property Features for 8208 Allisonville Rd
General Information
Standard status
Active
Size
3,056 SF
Class
B
Lot size
0.23 Acres
Property subtype
Retail
Zoning
C4
Investment Type
Owner/User
Building Details
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
Williams Midwest
Listed By:
Kelly Williams · License #IN RB14042379
(317) 496-2536
Source:
Crexi
Added: Jul 18, 2024
Changed: Oct 7
Last Checked: Oct 16 at 8:40AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,884
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,680
$657.7K
Cap Rate 7%
$469,771
$469.8K
Cap Rate 9%
$365,378
$365.4K
Market Conditions
NOI Build-Up for 3,056 SF
Gross rent
$51.3K $16.80/SF
− Vacancy
−$4.4K −$1.43/SF
EGI
$47.0K $15.37/SF
− OpEx
−$14.1K −$4.61/SF
NOI
$32.9K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,680
Cap Rate 7%
$469,771
Cap Rate 9%
$365,378
Alternative Uses
Best Use
Retail
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$760.7K
$665.6K – $887.5K
NOI $53,248 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 46250, IN
19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
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.
