7731 Traders Lane Indianapolis, IN 46278
SINGLE_FAMILY - Indianapolis, IN
Property Features for 7731 Traders Lane
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- PK1&PK2
- Parking features
- Guest, Open
- Security features
- Security
- Standard status
- Pending
- APN
- 490428120005000600
- Lot size
- 1.85 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 3 parcels, see supplements
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Roof type
- Membrane
Listing agent Jennifer Blandford (800) 630-1727
Listing office Carpenter, REALTORS(R) N Main St 5, Indianapolis, IN (317) 873-5554
Listing date Apr 30, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located just south of 86th & Lafayette Rd on Indianapolis’ northwest side, the property has ample road frontage with high traffic visibility and is described as having a park-like feel. Zoning is PK1 & PK2, which should be reviewed when considering business-specific buildout needs.
Set on 1.85 acres, the building also offers abundant parking and flexible interior configuration for a wide range of creative or industrial-leaning uses consistent with the zoning.
Key Highlights
- Former fire station building with 4,000+ SF under roof, including nearly 1,800 SF of garage space with a 13' ceiling height
- Interior layout includes 4–5 private offices, a conference room, kitchen, and 2 bathrooms
- Renovated in 2015 with a recent re‑roof
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $21.60 |
| − Vacancy | −$16.0k | −$4.00 |
| EGI | $70.4k | $17.60 |
| − OpEx | −$17.6k | −$4.40 |
| NOI | $52.8k | $13.20 |
