Office Building with Fenced
10620 Bellefontaine St, Indianapolis, IN 46280
For Sale
Contact for pricing
B-7 zoning and a multi-room interior support a range of office configurations.
Property Size2,326 SF
Lot Size0.31 Acres
Price / SF$322.44
Days on Market18
Property Features for 10620 Bellefontaine St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Property Use
Amenities
Six private offices
reception area
conference area
kitchenette
four bathrooms
Building Details
Buildings
Building Size
Listing Agency:
SVN | Northern Commercial
(317) 843-8448
Listed By:
Jess Lawhead, CCIM · License #RB14047741
(317) 454-2241
Source:
Moodyscre
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Northern Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,326-square-foot office building occupies a 0.31-acre parcel and is zoned B-7. Its interior includes six private offices, a reception area, a conference area, a kitchenette, and four bathrooms. Fenced parking is available on site.
Keystone Parkway, U.S. 31, and I-465 provide nearby access. Retail, restaurants, professional services, and the Monon Trail are also in the surrounding area.
Keystone Parkway, U.S. 31, and I-465 provide nearby access. Retail, restaurants, professional services, and the Monon Trail are also in the surrounding area.
Key Highlights
- 2,326‑square‑foot office building on 0.31 acres
- Six private offices, reception area, and conference area
- Kitchenette and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,710
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,200
$614.2K
Cap Rate 7%
$438,714
$438.7K
Cap Rate 9%
$341,222
$341.2K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$50.2K $21.60/SF
− Vacancy
−$9.3K −$4.00/SF
EGI
$40.9K $17.60/SF
− OpEx
−$10.2K −$4.40/SF
NOI
$30.7K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,200
Cap Rate 7%
$438,714
Cap Rate 9%
$341,222
Alternative Uses
Best Use
Office B
$438.7K
$383.9K – $511.8K
NOI $30,710 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.0K
$506.6K – $675.5K
NOI $40,528 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 46280, IN
7,870
Population
3,920
Households
2
Avg Household Size
38
Median Age
60%
College-Educated
99%
High-School Grad
4.1 sq mi
ZIP Area
1,920
Density / Sq Mi
$84,561
Median Household Income
$59,426
Median Earnings
$1,691
Median Rent
$291,100
Median Home Value
Market
Properties on Market for Office buildings in Indianapolis
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - B-7 zoning and a multi-room interior support a range of office configurations.
Where is this office building located?
The property is located at 10620 Bellefontaine St Indianapolis, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,326‑square‑foot office building on 0.31 acres; Six private offices, reception area, and conference area; Kitchenette and four bathrooms
