5436 Brookville RdIndianapolis, IN 46219

  • Retail properties
  • 2,898 SF
For Lease

Property Details for 5436 Brookville Rd

Year built
1960
Construction
TYPE NOT SPECIFIED
Lot size
0.81 AC
Property size (Sq ft)
2,898 SF
Zone code
ZO01
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
49-10-10-183-015.000-701
APU
491010183015000701

Description

This exceptional 1.54-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 5436 Brookville Road, zip code 46219, this property is zoned C3, offering flexibility for a variety of commercial uses. Its strategic location, approximately 4.4 miles east of downtown Indianapolis, provides excellent accessibility and visibility. The site benefits from a recently installed traffic light, enhancing visibility and convenient access for customers and employees. Furthermore, its position across from a fully leased 1.2 million square foot industrial project ensures high traffic volume and a strong surrounding business environment. This property is ideal for ground lease or build-to-suit opportunities, allowing for customized development to meet specific business needs. The single-tenant zoning provides a streamlined development process. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving Indianapolis market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The property is situated at 39.7606457 latitude and -86.075394 longitude.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $554,144
    6.5%
    $511,517
    7%
    $474,980
  • Comparable approach

    Method
    Valuation
    Relative Method
    $689,027
    Geo Method
    $689,027
  • Alternative Use

    Use
    Valuation
    Residential
    $431,484
    Hospitality
    $395,237
    Educational
    $328,832
    Medical
    $340,142
    Retail
    $511,517
5436 Brookville Rd, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7607
Longitude
-86.0754
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
$3,284
$116,600
$3,500
$120,100
-
$116,600
$3,500
$120,100

FAQs

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