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    8360 S Emerson Ave Indianapolis, IN 46237

    View on Map
    Sponsored
    For Lease
    $2,119 /Mo ($2 SF/Yr)

    Office - Indianapolis, IN

    Type:Office
    Property size:
    11,859 SF
    Lot size:
    0.34 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 10:06 pm

    Property Features for 8360 S Emerson Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    ZO02
    APN
    491521107026001500
    Size
    11,859 SF
    Lot size
    0.34 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Teresa Harwood
    Teresa Harwood

    Keller Williams Indy South (317) 882-5900

    Listing agent Teresa Harwood (317) 882-5900 License #RB14039040

    Listing date Mar 10, 2026

    MLS# 22064369 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Indianapolis Office Space For Rent

    Located at 8360 S. Emerson Avenue in Indianapolis, this property offers second-generation office space in a highly visible and easily accessible southside location. The available space is situated on the second floor, encompassing approximately 2,119 square feet. The space is offered at $12 per square foot on a gross lease basis. The property is ideally suited for administrative or support functions that complement nearby medical services. The location provides convenient access to both Indianapolis and Greenwood, situated just off I-65 and County Line Road. The surrounding area features established residential neighborhoods alongside a thriving medical and commercial corridor. Nearby amenities include hospitals, specialty clinics, pharmacies, and retail options. Major healthcare providers, Greenwood Park Mall, and downtown Indianapolis are all within a short drive, making this a prime location for office space that supports medical operations. The lot size is 0.34 acres and the building size is 11,859 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Veronica Smidt, MD Physician TrueBlaze, LLC Accounting Firm OB/GYN of Indiana - Indianapolis ... Physician Jamie Marie Boyce Physician Charles Foulke Hine Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.083281
    Latitude
    39.645112

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    FAQs

    What type of property is this?
    Office units - Second-generation office space in a highly visible Indianapolis location.
    Where is this office units located?
    The property is located at 8360 S Emerson Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible and easily accessible location in southside Indianapolis.; - Conveniently located off I-65 and County Line Road, serving both Indianapolis and Greenwood.; - Ideal for administrative or support functions complementing nearby medical services.
    (317) 882-5900
    Request Owner's contact information
    8360 S Emerson Ave Indianapolis, IN 46237
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    Indianapolis, IN 46237
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8360 S Emerson Ave Indianapolis, IN 46237
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    We can help!
    Listing Contact
    Teresa Harwood
    Teresa Harwood
    Real Estate License ID: RB14039040
    (317) 882-5900 (317) 883-7010 (317) 455-8111
    Learn more
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