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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8601 Allisonville Rd Indianapolis, IN 46250

    • Turn key restaurants
    • 4,827 SF
    • 0.79 lot acres
    For Lease
    View listing
    Last Sale
    Sep 26, 2022
    Value Estimations
    $270,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0656783
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hardee's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 8601 Allisonville Rd

    Year built
    1982
    Lot size
    0.79 lot acres
    Property size
    4,827 SF
    Property type
    Turn key restaurants
    APN
    49-02-16-106-004.000-800
    APU
    490216106004000800

    Description

    This exceptional retail opportunity presents two available suites within the Sunbeam: Castle Creek Plaza, located at 8601 Allisonville Rd, Indianapolis, IN 46250, in Marion County. The property offers a total of 6,334 square feet of retail space, currently entirely vacant and ready for immediate occupancy. Each suite is individually adaptable to suit a variety of retail businesses. The minimum divisible space is 1,642 square feet, while the maximum contiguous space available is 4,692 square feet, providing flexibility for businesses of different sizes. The property is classified as a multi-tenant building with a total of two suites. Its prime location in Indianapolis offers excellent visibility and accessibility for customers. The property's address is easily accessible from major roadways, ensuring high traffic flow and convenient access for both customers and employees. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving Indianapolis neighborhood. The property is ready for immediate lease and offers a unique chance to establish a presence in a desirable retail area. Interested parties are encouraged to inquire for further details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $242,000
      Market price range: $171k - $463k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0741
    Latitude
    39.913
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,081
    $491,200
    $181,800
    $673,000
    -
    $491,200
    $181,800
    $673,000

    Comparable in this City

    • Value Estimation
      $425,000
      6,579 SF

      6815 82nd St

      RESTAURANT • 6,579 SF
      6815 82nd St, Indianapolis, IN 46250-1507
      View Details
    • Value Estimation
      $355,000
      18,019 SF

      8580 Allison Pointe Blvd

      RESTAURANT • 18,019 SF
      8580 Allison Pointe Blvd, Indianapolis, IN 46250-4268
      View Details
    • Value Estimation
      $380,000
      5,148 SF

      6714 82nd St

      RESTAURANT • 5,148 SF
      6714 82nd St, Indianapolis, IN 46250-1506
      View Details
    • Value Estimation
      $285,000
      2,745 SF

      6028 82nd St

      RESTAURANT • 2,745 SF
      6028 82nd St, Indianapolis, IN 46250-1530
      View Details
    • Value Estimation
      $435,000
      10,988 SF

      7155 96th St

      RESTAURANT • 10,988 SF
      7155 96th St, Indianapolis, IN 46250-3306
      View Details
    • Value Estimation
      $320,000
      5,112 SF

      6288 82nd St

      RESTAURANT • 5,112 SF
      6288 82nd St, Indianapolis, IN 46250-1549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,733 SF

      Restaurant Opportunity Near Castleton Mall

      Former restaurant with FF&E included, near I-69 & I-465.
      8651 Castle Creek Parkway East Dr, Indianapolis, IN 46250
      View Details
    • $980,000

      Retail Property in Keystone Crossing

      Retail property in a commercially active and accessible location.
      8208 Allisonville Rd, Indianapolis, IN 46250
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    • $849,900
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      High-Visibility Retail Space, Indy

      Prime Retail Location, Recent Upgrades, High Traffic
      8530 Ctr Run Rd, Indianapolis, IN 46250
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    • $4,343,000
      31,124 SF

      Indianapolis Retail Investment Opportunity

      31,124 SF retail building in Indianapolis for sale.
      6302 E 82Nd St, Indianapolis, IN 46250
      View Details
    • $980,000
      3,056 SF

      Allisonville Rd Storefront Retail

      Prime Indianapolis storefront, 3,056 sq ft.
      8208 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      2.86 Acres

      Castle Creek Commons: Retail Opportunity

      Prime Indianapolis retail land, build-to-suit.
      6086 86Th St, Indianapolis, IN 46250
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Retail and Restaurant Corridor Space

      Highly trafficked retail and restaurant space for lease.
      5641 E 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      11,882 SF

      Endcap with Drive-Thru Available

      Sublease opportunity in dynamic Indianapolis market with high visibility.
      9550 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • $15 SF/Yr
      55,766 SF

      Castleton Retail Space Available

      Prime Castleton location, 20,766 SF available
      5702 86Th St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      1,631 SF

      Retail Space on Allisonville Road

      Retail space available for lease on Allisonville Road.
      8245 Allisonville Rd, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      1,920 SF

      Retail Outlot Near Castleton Mall

      Retail space for lease or sale near major shopping destination.
      6362-8256 E 82Nd St, Indianapolis, IN 46250
      View Details
    • Contact for pricing
      46,746 SF

      Retail Space Near Castleton Mall

      Retail space in Indianapolis near premier regional mall.
      8310-8410 Castleton Corner Dr, Indianapolis, IN 46250
      View Details
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    8601 Allisonville Rd
    Indianapolis, IN 46250
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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