10221 Thompson Rd Indianapolis, IN 46239
This exceptional 8-acre property at 10221 E Thompson Rd presents a unique investment opportunity. The land encompasses 348,000 square feet and includes three buildings totaling 1,831 square feet. The property's versatility is highlighted by its mixed-use zoning, encompassing office, land, and special purpose designations. Currently, the property features a single tenant occupancy. Built in 1988, the buildings are single-story structures with a 9-foot ceiling height. A significant portion of the land, approximately 304,500 square feet, is currently vacant, offering substantial expansion or redevelopment potential. The property also boasts two parking spaces. The existing structures offer a solid foundation for various commercial ventures, while the expansive acreage provides ample room for future development or continued agricultural use. The property's location offers both privacy and accessibility, making it an attractive option for a wide range of businesses or investors seeking a unique and versatile property. The combination of existing buildings and substantial vacant land makes this an ideal opportunity for those seeking a blend of immediate income and long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.