Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Camby Rd Indianapolis, IN 46113

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Camby Rd Indianapolis, IN 46113

    View on Map
    • Retail properties & Spaces
    • 10,566 SF
    • 1.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Camby Rd

    Year built
    2024
    Lot size
    1.48 lot acres
    Property size
    10,566 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,566-square-foot Dollar General Plus store in Camby, Indiana, a rapidly growing suburb of Indianapolis. Located on Camby Rd, near the intersection of Kentucky Avenue, this highly visible property benefits from significant daily traffic counts (33,884 vehicles on Kentucky Avenue and 5,405 on Camby Road). The store boasts an upgraded architectural design and is situated within a thriving retail area, adjacent to a shopping center anchored by Dunkin' Donuts and Papa John's Pizza, and across from a Circle K. The property features 40 parking spaces and sits on a 1.48-acre lot. Secured by a 15.1-year absolute NNN lease commencing August 15, 2024, and expiring August 31, 2039, this investment offers exceptional stability with zero landlord responsibilities. The lease includes five 5-year renewal options, each with a 5% rent increase, ensuring consistent income growth. The tenant, Dollar General Corporation, holds an investment-grade credit rating of "BBB," providing further security. The strong demographics of the area, with a one-mile average household income of $80,262 and a five-mile population of 61,649, further solidify the investment's potential. The property's current NOI is $144,479, yielding a 6.50% cap rate at the asking price of $2,222,760. This is a prime opportunity for a 1031 exchange or passive investor seeking a secure, high-performing retail investment. The building was constructed in 2024 and is a single-story structure with commercial zoning.

    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
    -86.298
    Latitude
    39.6621

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      7477 Hadley Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      7477 Hadley Rd, Camby, IN 46113-8690
      View Details
    • Value Estimation by Request
      1,891 SF

      10527 Heartland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,891 SF
      10527 Heartland Blvd, Camby, IN 46113-9123
      View Details
    • Value Estimation by Request
      8,000 SF

      7302 Kentucky Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      7302 Kentucky Ave, Camby, IN 46113-9201
      View Details
    • Value Estimation by Request
      3,058 SF

      6939 Kentucky Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,058 SF
      6939 Kentucky Ave, Camby, IN 46113-9217
      View Details
    • Value Estimation
      $725,000
      40,000 SF

      13615 State Rd 67

      RETAIL STORES (PERSONAL SERVICES) • 40,000 SF
      13615 State Rd 67, Camby, IN 46113-8358
      View Details
    • Value Estimation
      $920,000
      8,000 SF

      10851 Windfall Pl

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      10851 Windfall Pl, Camby, IN 46113-8838
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity with high visibility and customer traffic.
      10509 Heartland Blvd, Camby, IN 46113
      View Details
    • Contact for pricing

      Retail Space Available

      Inline retail space available in Indianapolis shopping center.
      7015 Kentucky Ave, Indianapolis, IN 46113
      View Details
    • Contact for pricing
      3 SF

      Outparcel Adjacent to Walmart Supercenter

      Large commercial land for rent in Heartland Crossing, Indiana.
      8189 Upland Bnd, Camby, IN 46113
      View Details
    • Contact for pricing

      Industrial Land For Rent

      Industrial build-to-suit opportunity available in Heartland Crossing.
      10290 Leases Corner Ct, Camby, IN 46113
      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.
    Camby Rd
    Indianapolis, IN 46113
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!