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Property profile & analytics
FOR LEASE
Strip malls

8202 Rockville Rd Indianapolis, IN 46214

24,240 SF 1.66 ac lot Built 1996
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US31-0892232
Property summary
AI-generated overview

Westpoint Commons offers a prime 3,080 square foot retail endcap space in a thriving Indianapolis location. Situated at 8202 Rockville Rd, Indianapolis, IN 46214, this multi-tenant shopping center benefits from its strategic position as a gateway to the US Highway 36 retail corridor, extending westward for two miles and featuring numerous prominent retail brands. The property boasts a total of 31,152 square feet within a single building. This particular endcap space is immediately available and represents a significant opportunity for businesses seeking high visibility and accessibility. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 3,080 square feet currently vacant. The center is anchored by a Kroger grocery store, ensuring consistent foot traffic and a strong customer base. This location provides excellent exposure and is ideal for a variety of retail uses. Interested parties should inquire about lease terms and availability. The property is located at 39.764879788805956 latitude and -86.30750560822645 longitude.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 24,240 SF
Lot 1.66 ac (72,310 SF)
APN 49-12-03-104-003.000-900
UPID US31-0892232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Papa John's Pizza Restaurant
  • Bike Parking Bicycle Rack
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$549k
Blend (final) Blend
$520k
Owner & transaction history
Wc3 Bp Associates LLC · 9 yrs held
Wc3 Bp Associates LLC
since 2016
7 recorded transactions
2016
Price N/A
2015
$580,158
2015
$4.5M
2015
Price N/A
2011
Price N/A
2011
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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