Property profile & analytics
8810 Emerson Ave Indianapolis, IN 46237-8581
- Retail space
- 34,080 SF
- 4.86 lot acres
OFF-MARKET
Last Sale
Jul 30, 2024
Jul 30, 2024
Value Estimations
$2,505,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-1150650
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
- Energy Spot South / Restaurant
- Gold Coffee Pancake House / Restaurant
- YUMMY BOWL / Restaurant
- i.d. SPOT / (Bike/Boat/Book/etc) Store / Pet Store & Service
- Nail Studio / Nail Salon
Property Details for 8810 Emerson Ave
- Year built
- 2002
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.86 lot acres
- Property size
- 34,080 SF
- Zone code
- ZO01
- Property type
- Retail space
- APN
- 49-15-21-111-008.000-500
- APU
- 491521111008000500
Description
This exceptional retail outlot, located at 8810 S Emerson Ave in Indianapolis, Indiana, presents a unique investment opportunity. Situated on a parcel ranging from 0 to 1 acre in Marion County, this single-tenant property is ideally suited for a restaurant. The site boasts significant visibility due to its location at a super-regional intersection with high traffic volume (60,000 vehicles per day) on County Line Rd and Emerson Ave. This high-traffic area is surrounded by a strong concentration of national retailers, including Kroger Marketplace, Costco, Walmart Supercenter, Floor & Décor, and many more, ensuring high foot traffic and brand recognition. The property offers the potential for a drive-thru, further enhancing its appeal and operational efficiency. The surrounding area demonstrates strong daytime demographics, bolstered by the presence of major employers such as Franciscan Health Hospital (1,600 full-time employees). This rapidly developing retail and restaurant corridor in Johnson County makes this outlot an exceptional opportunity for build-to-suit development or ground lease. The property is zoned for retail use and offers up to 2,000 square feet of space. This location provides unparalleled access to a thriving consumer base and presents a compelling opportunity for long-term growth and profitability.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,678,000
Market price range: $1.12M - $4.05M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,545,000 Current use
- AUTO REPAIR, GARAGE
- $2,715,000 Change: +7% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,555,000 Change: +0% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,130,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.0842
- Latitude
- 39.6394
- 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
$93,448
$1,754,100
$1,590,500
$3,344,600
-
$1,754,100
$1,590,500
$3,344,600
