Retail Building on Pendleton
For Sale
Contact for pricing
9836 Pendleton Pike, Indianapolis, IN 46236
C3 zoning supports a range of commercial uses, including retail, professional services, medical office, and personal care.
Property Size1,458 SF
Price / SF$1.29
Days on Market101
Property Features for 9836 Pendleton Pike
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Retail
Zoning
C3
Site & Location
Neighborhood
Lawrence
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Vylla Home
(866) 595-5008
Listed By:
Jhonatan Hernandez
(773) 447-8754
Source:
Locksteprealty
Added: Jul 21
Changed: Oct 28
Last Checked: Oct 28 at 2:37PM
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 Vylla Home
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail property at 9836 Pendleton Pike contains 1,458 square feet and is zoned C3. The zoning supports a range of uses, including retail, professional services, medical office, and personal care.
The building fronts Pendleton Pike (US-36) and is 2.5 miles from I-465, with access to the broader Indianapolis area. Nearby retail destinations include Walmart and Meijer, alongside LA Fitness, local dining, and established residential neighborhoods.
The building fronts Pendleton Pike (US-36) and is 2.5 miles from I-465, with access to the broader Indianapolis area. Nearby retail destinations include Walmart and Meijer, alongside LA Fitness, local dining, and established residential neighborhoods.
Key Highlights
- 1,458‑square‑foot retail building
- C3 zoning supports retail, professional services, medical office, and personal care uses
- Direct frontage on Pendleton Pike (US‑36)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,780
$313.8K
Cap Rate 7%
$224,129
$224.1K
Cap Rate 9%
$174,322
$174.3K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$24.5K $16.80/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$22.4K $15.37/SF
− OpEx
−$6.7K −$4.61/SF
NOI
$15.7K $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%
$313,780
Cap Rate 7%
$224,129
Cap Rate 9%
$174,322
Alternative Uses
Best Use
Retail
$224.1K
$196.1K – $261.5K
NOI $15,689 @ 7.0% cap · market cap 836.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.9K
$317.6K – $423.4K
NOI $25,404 @ 7.0% cap · market cap 1,354.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 46236, IN
27,627
Population
10,168
Households
2.7
Avg Household Size
41
Median Age
53%
College-Educated
95%
High-School Grad
10.5 sq mi
ZIP Area
2,631
Density / Sq Mi
$117,530
Median Household Income
$54,347
Median Earnings
$1,750
Median Rent
$281,800
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Retail space - C3 zoning supports a range of commercial uses, including retail, professional services, medical office, and personal care.
Where is this retail space located?
The property is located at 9836 Pendleton Pike Indianapolis, IN.
What are key features of this property?
This property features: 1,458‑square‑foot retail building; C3 zoning supports retail, professional services, medical office, and personal care uses; Direct frontage on Pendleton Pike (US‑36)
