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Orchard Park 4638-4640 N Keystone Ave 5,491 SF 100% Leased Retail Building Indianapolis, IN 46205 $562,467 ($102.43/SF) 9% Cap Rate
Executive Summary
- Two-Tenant Retail Building featuring long-standing local businesses — G.H. Hairdesign Studio and Cretià Cakes
- Value-Add Opportunity: Both leases below market rent with near-term expirations allow for future rent growth or repositioning
- Cretià Cakes: Operating since 2006 with 4.6-star Google rating and over 3,300 Instagram followers
- G.H. Hairdesign Studio: Established neighborhood salon with loyal customer base and consistent performance through COVID
- Strong Retail Corridor and Access: Along Keystone Avenue (25,500+ VPD) and surrounded by national and regional tenants including CVS, Regions Bank, Enterprise Rent-A-Car, and Chick-fil-A
- Value-Add Opportunity: Both leases below market rent with near-term expirations allow for future rent growth or repositioning
- Cretià Cakes: Operating since 2006 with 4.6-star Google rating and over 3,300 Instagram followers
- G.H. Hairdesign Studio: Established neighborhood salon with loyal customer base and consistent performance through COVID
- Strong Retail Corridor and Access: Along Keystone Avenue (25,500+ VPD) and surrounded by national and regional tenants including CVS, Regions Bank, Enterprise Rent-A-Car, and Chick-fil-A
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,491 SF
Building Class
B
Year Built
1967
Price
$562,467
Price Per SF
$102.43
Cap Rate
9%
NOI
$50,622
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.56 AC
Amenities
- 24 Hour Access
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Capital Used Tires
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Fancy Cycle & Auto Repair
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- G H Hairdesign Studio
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Capital Used Tires | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Fancy Cycle & Auto Repair | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| G H Hairdesign Studio | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Bike Score®
Very Bikeable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-07-07-139-915.000-801 | Improvements Assessment | $90,200 |
| Land Assessment | $97,200 | Total Assessment | $187,400 |
Property Taxes
Parcel Number
49-07-07-139-915.000-801
Land Assessment
$97,200
Improvements Assessment
$90,200
Total Assessment
$187,400
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