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Property profile & analytics
OFF-MARKET Estimated value $520,000
Retail space

8555 Riv Rd Indianapolis, IN 46240-4311

4,986 SF 4.69 ac lot Built 2012
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US31-1029088
Property summary
AI-generated overview

This exceptional 1,949-square-foot Class A office suite is located on the fourth floor of the prestigious River Crossing Five building in Indianapolis' Keystone Crossing submarket. The suite boasts a fully furnished, open layout, ideal for a variety of business needs. Situated at 8555 River Road, zip code 46240, this property offers unparalleled convenience and accessibility. The building itself is a multi-use complex, featuring a mix of Class A office tenants and desirable retail establishments, including Ocean Prime and Bank of America, ensuring a vibrant and convenient work environment. The building's prominent location on East 86th Street provides excellent visibility and easy access. Tenants enjoy the added benefit of nearby amenities, such as restaurants and a coffee shop, all within walking distance. The building underwent renovations in 2011, ensuring modern and well-maintained facilities. The four-story building is part of a thriving business community, making it an attractive location for businesses seeking a prime Indianapolis address. This suite is perfect for a company seeking a move-in ready, high-quality space in a dynamic and convenient location. The property is available for multiple tenants.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2012
Construction TYPE NOT SPECIFIED
Total area 4,986 SF
Lot 4.69 ac (204,514 SF)
Zoning code ZO01
APN 49-02-20-102-021.000-800
UPID US31-1029088
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
  • Mary Boustani | Keller Williams Indy Metro NE Real Estate Agency
  • ClearChoice Dental Implant Center Dental Office Physician
  • TurningPoint Dental Implant Center Dental Office
  • Ocean Prime Restaurant
  • Woodley Farra Manion Portfolio Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
$593k
Blend (final) Blend
$520k
Owner & transaction history
Sdg Fashion Mall LP · 13 yrs held
Sdg Fashion Mall LP
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $395,000 +6.6%
Commercial (general) $375,000 +0.2%
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