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    4701 N Keystone Ave | Indianapolis Indianapolis, IN 46205

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    For Sale
    $6,546,313

    Indianapolis office building with high occupancy and recent renovations.

    Property size:
    81,275 SF

    Property Features for 4701 N Keystone Ave | Indianapolis

    General Information

    Size
    81,275 SF

    Building Details

    Year built
    1970

    Source: Pete Alveal Agent Pete Alveal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Building Investment Opportunity

    This 81,275 square foot office building presents a prime investment opportunity in Indianapolis, IN, featuring a 9.25% cap rate and a 92% occupancy rate. The property, located on N. Keystone Ave., benefits from a strategic location with excellent accessibility and exposure. Renovations completed in 2021-2022 include a professionally updated look, glass-enhanced entry doors, updated LED lighting throughout, and updated restrooms and hallways. The first floor features an updated multi-use large conference room. The building is mechanically sound and offers diverse floorplans. The location provides convenient access to a variety of amenities and attractions, with Broad Ripple Village offering dining, retail, and entertainment options nearby, and the Midtown area within easy reach. Its proximity to downtown Indianapolis and major transportation routes makes it an ideal location for office-building investors seeking a dynamic and well-connected business locale with a desirable ZO01 zoning designation.
    Location Intelligence

    Current Use by Public Records

    At Your School (AYS, ... Non-Profit Organization Sawin & Shea, LLC Legal Services Indiana Association of Area ... Social Services Organization Indiana Protection & Advocacy Public Health Department Lee-Chandler Enterprises Business Management Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1353
    Latitude
    39.8275

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    FAQs

    What type of property is this?
    Office building - Indianapolis office building with high occupancy and recent renovations.
    Where is this office building located?
    The property is located at 4701 N Keystone Ave | Indianapolis Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $6,546,313.
    What are key features of this property?
    This property features: - High 9.25% Cap Rate offers a great return on investment.; - Solid 92% Occupancy indicates a stable income stream.; - **Professionally Updated Look** with Renovations Made in 2021-2022 including updated LED lighting, restrooms, hallways, and glass-enhanced entry doors.
    (317) 997-9362
    Request Owner's contact information
    4701 N Keystone Ave | Indianapolis Indianapolis, IN 46205
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    Indianapolis, IN 46205
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    Realmo Value Estimation

    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.

    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.

    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
    4701 N Keystone Ave | Indianapolis Indianapolis, IN 46205
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