Technical
Financial
Distress signals
Property profile

9910 Washington St Indianapolis, IN 46229

OFF-MARKET
Strip malls
Property ID
US31-1194202
54,868 SF 5.31 ac lot Built 1982
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 9910-9994 E Washington St, Indianapolis, IN 46229, offers 60,630 square feet of space in a vibrant, high-traffic location. The property consists of two single-story buildings, built in 1978 and renovated in 2006, featuring a total of 22 suites. Three 1,400 square-foot spaces are currently available, with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 1,400 square feet. The property sits on 5.4 acres of land and boasts 319 parking spaces, ensuring ample convenience for customers and employees. Situated at the intersection of East Washington Street and Mitthoeffer Road, this Class B center enjoys exceptional visibility and accessibility, benefiting from its location at a signalized intersection. The property is zoned C and is part of the Lawrence/East County submarket cluster in the East County submarket. This prime location places the center steps away from major national retailers including Walmart, Target, Meijer, Kroger, Aldi, Ross Dress for Less, Marshalls, Five Below, Starbucks, and Chick-fil-A. The property is currently home to a diverse mix of tenants, including Supermercado Guatemalteca, Laundromax, and Chicago Fish and Chicken, creating a thriving retail environment. No elevators are present.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1982
Construction TYPE NOT SPECIFIED
Total area 54,868 SF
Lot 5.31 ac (231,480 SF)
Zoning code ZO01
APN 49-09-05-112-029.000-700
UPID US31-1194202

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
  • Grocery & Convenience Store Food Market

Location

9910 Washington St Indianapolis, IN 46229
Indianapolis metro Census 360502 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$805k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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