3643-3677 W 86Th St Indianapolis, IN 46268
For Sale
1 / 11
College Park Shopping Center is a 100% occupied neighborhood retail center anchored by Goodyear and supported by a strong, service-oriented tenant mix. The property benefits from long-tenured occupancy, with key tenants operating at this location since 1999 and 2017, complemented by new leasing momentum from tenants signed between 2023 and 2025. Seven of eight tenants operate under net leases, half feature annual rent escalations, and multiple spaces have recently undergone extensive renovations. Positioned just off Interstate 465 (115,390 VPD) with frontage along W 86th Street (35,282 VPD), the center enjoys excellent visibility within a heavily traveled retail corridor. The property benefits from strong retail synergy with College Park Plaza, a nationally top-ranked shopping center located directly across the street, as well as other top-performing retailers in the area. It also benefits from close proximity to an 800-bed hospital and a dense industrial corridor to the west. The property is supported by a strong daytime population of 113,706 employees within a three-mile radius and an average household income of $130,792 within five miles.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.