Multi-Office Professional
For Sale
$350,000
1101 N Shadeland Ave, Indianapolis, IN 46219
Office configuration includes a conference room, kitchen, and two bathrooms, with furniture available through purchase or lease.
Property Size1,660 SF
Price / SF$210.84
Days on Market13
Property Features for 1101 N Shadeland Ave
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
conference room
kitchen
bathrooms
Listing Agency:
Carpenter, REALTORS
Listed By:
Robert Lane () · License #AB21005206
(317) 441-4810
Source:
Fortwayneareahomesforsale
Added: Oct 2
Changed: Oct 13
Last Checked: Oct 13 at 2:26AM
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 Carpenter, REALTORS
Investment Insights
Based on property information with market context.
This 1,660-square-foot office property contains multiple office areas, a conference room, a kitchen, and two bathrooms. Furniture may be acquired with a purchase or lease arrangement. Parking for five vehicles is available for lease.
The property sits at the Shadeland Avenue and 11th Street corner, with access to I-465 and I-70. Shadeland Avenue is identified as a high-traffic corridor.
The property sits at the Shadeland Avenue and 11th Street corner, with access to I-465 and I-70. Shadeland Avenue is identified as a high-traffic corridor.
Key Highlights
- 1,660‑square‑foot office property
- Multiple office spaces, conference room, kitchen, and two bathrooms
- Corner location at Shadeland Avenue and 11th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,992
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,840
$439.8K
Cap Rate 7%
$314,171
$314.2K
Cap Rate 9%
$244,356
$244.4K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$39.8K $24.00/SF
− Vacancy
−$3.2K −$1.92/SF
EGI
$36.7K $22.08/SF
− OpEx
−$14.7K −$8.83/SF
NOI
$22.0K $13.25/SF
Area
Indianapolis, IN
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,840
Cap Rate 7%
$314,171
Cap Rate 9%
$244,356
Alternative Uses
Best Use
Healthcare Medical
$314.2K
$274.9K – $366.5K
NOI $21,992 @ 7.0% cap · market cap 6.28%
Second Best
Office B
$313.1K
$274.0K – $365.3K
NOI $21,917 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$413.2K
$361.6K – $482.1K
NOI $28,924 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Office building - Office configuration includes a conference room, kitchen, and two bathrooms, with furniture available through purchase or lease.
Where is this office building located?
The property is located at 1101 N Shadeland Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,660‑square‑foot office property; Multiple office spaces, conference room, kitchen, and two bathrooms; Corner location at Shadeland Avenue and 11th Street
