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    8507 Masters Rd Indianapolis, IN 46250

    For Lease
    $10 SF/Yr ($3,911 /Mo)

    Multi-tenant office/flex property with convenient highway access.

    Property size:
    4,500 SF
    Lot size:
    1.26 Acres

    Property Features for 8507 Masters Rd

    General Information

    Size
    4,500 SF
    Lot size
    1.26 Acres

    Source: Corporate Commercial Group Agent Keith Dedrick

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

    Overview

    Office/Flex Space Near Castleton

    The property on Castlewood Drive is a multi-tenant office/flex property totaling approximately 45,800 square feet. Situated on a fully improved 4.43-acre site, the property is conveniently located close to Castleton area amenities and offers easy access to I-465, I-70, I-74, and I-65 via I-69. The property is well-maintained and offers space suitable for a variety of users seeking office/flex space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.046215
    Latitude
    39.909489

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    FAQs

    What type of property is this?
    Office space - Multi-tenant office/flex property with convenient highway access.
    Where is this office space located?
    The property is located at 8507 Masters Rd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Convenient access to I-465, I-70, I-74, and I-65 via I-69.; - Close proximity to Castleton area amenities.; - Well-maintained property.
    (317) 502-3622
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    Indianapolis, IN 46250
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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
    8507 Masters Rd Indianapolis, IN 46250
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