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    1095 Broad Ripple Ave Indianapolis, IN 46220

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    For Lease
    Contact for pricing

    Prime Broad Ripple Village Retail Opportunity

    Lot size:
    29,154 SF

    Property Features for 1095 Broad Ripple Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,154 SF

    Building Details

    Buildings
    2

    Spaces For Lease

    at 1095 Broad Ripple Ave, Indianapolis, IN 46220 Contact us

    We can help!

    Listing Contact
    Dugan Thompson
    Dugan Thompson

    Listing Agency: General Property & Services Listing Agent: Dugan Thompson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Broad Ripple Station offers a unique retail investment opportunity in the heart of Indianapolis' vibrant Broad Ripple Village. This multi-tenant property comprises two buildings totaling sixteen suites, providing flexible space options ranging from 1,600 to 12,900 contiguous square feet. The property's strategic location offers exceptional visibility and accessibility, situated directly adjacent to the popular Monon Trail, a 26-mile multi-use path boasting 1.5 million annual visits. Its proximity to the new RiverWalk, an off-street bike and pedestrian trail connecting the Monon Trail to Broad Ripple Park, further enhances its appeal to pedestrians and cyclists. The surrounding area is experiencing significant growth, with thousands of new apartments and office redevelopment projects underway, creating a dynamic and expanding trade area. Broad Ripple Village itself is renowned for its eclectic mix of independent restaurants, bars, brewpubs, galleries, and trendy shops, ensuring a high volume of foot traffic and a strong customer base. A significant advantage is the availability of 228 dedicated surface parking spaces, a rare commodity in this highly desirable location. This property presents a compelling opportunity for businesses seeking a prominent presence in one of Indianapolis' most sought-after retail districts. The flexible suite sizes cater to a wide range of retail concepts, from small boutiques to larger restaurants or service businesses. Contact us today to learn more about leasing opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fox Family Medicine Medical Clinic Kathryn Borowy, NP Physician Chelsea Workman Pediatrician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.139305932869
    Latitude
    39.869042463754

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Broad Ripple Village Retail Opportunity
    Where is this lifestyle center located?
    The property is located at 1095 Broad Ripple Ave Indianapolis, IN.
    What are key features of this property?
    This property features: Located in the vibrant Broad Ripple Village, known for its diverse mix of restaurants, bars, and shops.; Adjacent to the Monon Trail, a popular 26-mile multi-use path with 1.5 million annual visits.; Strong growth area with numerous new apartment and office developments.
    Request Owner's contact information
    1095 Broad Ripple Ave Indianapolis, IN 46220
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    Indianapolis, IN 46220
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1095 Broad Ripple Ave Indianapolis, IN 46220
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    Contact for Pricing
    Please call us for current price
    and status of this listing Dugan Thompson
    Dugan Thompson
    Real Estate License ID: RB20000923
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