Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5426 Thompson Rd Indianapolis, IN 46237
    Back to Search
    Property profile & analytics

    5426 Thompson Rd Indianapolis, IN 46237

    View on Map
    • Land
    • 1.87 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Max Perception / Production Facility / Furniture & Home Goods

    Property Details for 5426 Thompson Rd

    Lot size
    1.87 lot acres
    Property type
    Land

    Description

    This exceptional 1.87-acre commercial land parcel presents a prime opportunity for development in Indianapolis, Indiana. Located at 5426 E Thompson Rd, in Marion County, zip code 46237 (39.6947169, -86.0735084), this freestanding restaurant/retail site boasts unparalleled visibility and accessibility. The property is shadow-anchored by a Kroger Marketplace, ensuring high traffic volume and a strong customer base. Adding to its appeal, a new Starbucks is currently under construction immediately adjacent to the site. This location benefits from excellent visibility due to its prominent road frontage and offers the potential for pylon signage, maximizing brand exposure. The site can accommodate up to 7,000 square feet of development, potentially divided into two freestanding buildings, catering to a variety of commercial uses. The area is experiencing significant residential growth, creating a robust and expanding market for retail and restaurant businesses. This underserved, rapidly growing trade area presents a unique opportunity for investors and developers seeking a high-impact location with significant long-term potential. The property is currently for sale and offers a compelling investment opportunity in a thriving Indianapolis neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0735
    Latitude
    39.6947

    Comparable in this City

    • Value Estimation by Request
      0.99 Acres

      5151 Shelbyville Rd

      Land • 0.99 Acres
      5151 Shelbyville Rd, Indianapolis, IN 46237
      View Details
    • Value Estimation by Request

      6711 Shelbyville Rd

      Land
      6711 Shelbyville Rd, Indianapolis, IN 46237
      View Details
    • Value Estimation by Request

      Indianapolis In

      Land
      0 Indianapolis In, Indianapolis, IN 46237
      View Details
    • Value Estimation by Request
      1.74 Acres

      5640 Emerson Ave

      Land • 1.74 Acres
      5640 Emerson Ave, Indianapolis, IN 46237
      View Details
    • Value Estimation by Request
      5.75 Acres

      Emerson Ave

      Restaurants • 1 SF
      0 Emerson Ave, Indianapolis, IN 46237
      View Details
    • Value Estimation by Request
      1.23 Acres

      6111 Emerson Ave

      Individual retail properties • 3,000 SF
      6111 Emerson Ave, Indianapolis, IN 46237
      View Details

    Similar Nearby for Sale

    • $1,353,000
      8.21 Acres

      Corner Lot on Shelbyville Road

      Large corner lot suitable for various developments with approvals.
      5133 Gray Rd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Southport Road Development Land

      3.44 acres of land ready for development.
      5440 E Southport Rd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Land with Development Potential

      Land with mature trees and extensive storm water system.
      5500 W Thompson Rd, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Development Ready Outlots For Sale

      Commercial land for sale at signalized intersection.
      6040 Thompson Rd, Indianapolis, IN 46237
      View Details
    • $224,900
      0.40 Acres

      Residential Lots in Prestigious Community

      Residential lots in Franklin Township's prestigious Greystone community.
      6445 Silverton Way, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Indianapolis C1 Development Land

      1.74 acres of C1 zoned land for sale.
      5640 S Emerson Ave, Indianapolis, IN 46237
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mix Use Development Opportunity

      Surban mix use development featuring multiple property types.
      Emerson Ave, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Retail Center Outlot For Lease

      1.1 AC outlot in new retail center available for lease.
      8515 S Emerson Ave, Indianapolis, IN 46237
      View Details
    • Contact for pricing

      Interstate Visible Commercial Space

      Commercial space with direct visibility and access to I-65.
      5343 Commerce Square Dr, Indianapolis, IN 46237
      View Details
    • Contact for pricing
      8,130 SF

      Industrial Warehouse Space Available

      8,130 sq ft warehouse space for lease.
      5237 Commerce Cir, Indianapolis, IN 46237
      View Details
    • $5,385 /Mo
      51,420 SF

      Professional Office Space Near I-65

      3,800 SF office space near Franciscan Health and I-65.
      5136 E Stop 11 Rd, Indianapolis, IN 46237
      View Details
    • $925 /Mo
      51,420 SF

      Franklin Township Office Space Available

      Office space for lease in Franklin Township, Indianapolis.
      5128 E Stop 11 Rd, Indianapolis, IN 46237
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5426 Thompson Rd
    Indianapolis, IN 46237
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5426 Thompson Rd, Indianapolis, IN, 46237
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!