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8202 Rockville Rd, Indianapolis, IN 46214
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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
Current use
Occupant on record · Public records
-
Restaurant
-
Bicycle Rack
Location
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
since 2016
7 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$520k
Value range
$468k – $572k
±10% around blend
Estimated value / SF
$21 / SF
Confidence
Low
3 county-verified comps
Property data
88
Comparable evidence
30
$468k
blend $520k
$572k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,240 SF
Lot area
1.66 ac
Year built
1996
Stories
1
APN
49-12-03-104-003.000-900
Assessed value
$1,391,500
Annual tax
$46,612
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$8.84M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.6 mi away · 19,200 SF
24.7 mi away · 21,569 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$520k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.39M
Move the market yield to see immediate price impact.
Value / SF
$57
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.75M
$1.25M
$974k
$97k
$1.95M
$1.39M
$1.08M
$107k
$2.14M
$1.53M
$1.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.73M
16.6 mi · Feb 2026 · $94/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,612
Tax year 2023
Assessed value
$1,391,500
Assessed 2023
Previous assessed
$1,391,500
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$358,900
Assessed improvement
$1,032,600
Land market value
$358,900
Improvement market value
$1,032,600
Total market value
$1,391,500
Applied tax rate
900.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
24,240 SF
Lot
1.66 ac (72,310 SF)
APN
49-12-03-104-003.000-900
UPID
US31-0892232
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.66 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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