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Property profile

5901 E Thompson Rd Indianapolis, IN 46237

Grocery and convenience stores
Property ID
US31-0143495
View Sample
2.08 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This newly constructed, 17,000 square foot commercial property in Indianapolis, Indiana, offers a unique pre-leasing opportunity. Located at 5901 E. Thompson Rd., at the southwest corner of E. Thompson Rd. and S. Arlington Ave. in Franklin Township, this single building boasts over 250 feet of frontage on E. Thompson Rd., providing excellent visibility and accessibility. The property is ideally situated for various uses, including medical offices, coworking spaces, creative offices, and executive suites, as well as retail options. Flexible suite sizes ranging from 3,500 to 17,000 square feet are available, allowing for customization to meet specific tenant needs. The building's strategic location benefits from convenient access to both E. Thompson Rd. and Arlington Ave., with an additional access road from Arlington Ave. enhancing north-south transit. This vibrant area is surrounded by established businesses, including CVS, Village Pantry, Dollar General, local restaurants, and medical/dental offices. Major retailers such as Kroger Marketplace, Walmart Supercenter, Lowe's, and VASA Fitness are also nearby, ensuring high foot traffic and a strong customer base. The property's proximity to Greenwood Park Mall and Franciscan Health Indianapolis further enhances its appeal. This location offers exceptional opportunities for businesses seeking a dynamic and thriving environment in a community-oriented retail hub, close to Emerson Ave. and I-465. The year of construction is 2025, and the property is in Marion County, with a zip code of 46237.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Lot 2.08 ac (90,736 SF)
Zoning code ZO01
APN 49-15-03-117-003.000-300
UPID US31-0143495

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

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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