918 Fry Road, Greenwood, IN 46142
- Added:
- Nov 1, 2025
- Days on Market:
- 224
- Last Refresh:
- Jun 12 at 2:06 pm
Property Features for 918 Fry Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- CM C3
- Standard status
- Pending
- APN
- 410230013006000026
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Ne 1/4 S30 T14 R4
Building Details
- Year built
- 1984
Listing agent Josie Lavey License #RB20001480 (317) 846-6300
Listing office Keller Williams Indpls Metro N N Meridian St Ste 200 11595, Carmel, IN (317) 846-6300
Listing date Nov 1, 2025
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.
HighLights
- 5,453 SF office property built in 1984
- Five office suites with individual entrances
- Five suites currently built out to accommodate three tenants
- Each suite has its own HVAC control for flexible use
- Visibility along Fry Road just steps from the US‑31 corridor
Overview
The property is located at 918 Fry Road in Greenwood, Indiana, along Fry Road just steps from the US-31 corridor. Zoning is listed as CM C3, supporting a range of commercial uses.
For owner-occupiers, the suite-level entrances and independent HVAC can simplify day-to-day control of space used for operations. Investors or tenants considering shared occupancy may find the current suite layout practical for accommodating different users within the same building, while still maintaining separation between suites.
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 | $108.0k | $19.80 |
| − Vacancy | −$16.2k | −$2.97 |
| EGI | $91.8k | $16.83 |
| − OpEx | −$22.9k | −$4.21 |
| NOI | $68.8k | $12.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.1308
- Latitude
- 39.628563
