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Property profile

8130 Southport Rd Indianapolis, IN 46259

OFF-MARKET
Retail properties & Spaces
6,200 SF
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Property summary

AI-generated overview

This exceptional commercial property, located at 8130 E Southport Rd, Indianapolis, IN 46259, offers a unique investment opportunity. The 15-acre site features three existing buildings totaling 6,200 square feet, with 4,000 square feet currently vacant. Multiple tenancy options are available, ranging from 1,200 to 4,000 square feet in newly constructed outlot shops, anticipated for delivery in Q1 2023. Additional land parcels are available for development, ranging from 0.75 to 2.5 acres, with up to 15 acres potentially available for larger commercial projects. This prime location sits at the intersection of Southport Road and Franklin Road, boasting combined daily traffic of 24,428 vehicles. Its proximity to I-65 (4 miles) and its strategic placement within the rapidly expanding south side of Indianapolis, surrounded by residential areas, ensures high visibility and accessibility. The property benefits from its proximity to a newly opened 100,000 square foot Kroger Marketplace, serving as a significant anchor tenant within the larger 60-acre Johnson Fields multi-use planned development. This presents a compelling opportunity for businesses seeking high-traffic exposure in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Cafe & Coffee Shop
  • Pharmacy
  • Bicycle Rack
  • Cinema (Bike/Boat/Book/etc) Store

Location

8130 Southport Rd Indianapolis, IN 46259
Indianapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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