7353-7373 E 21st St, Indianapolis, IN
Multi-tenant office building with excellent exposure and recent renovations.
- Added:
- Nov 16, 2023
- Days on Market:
- 940
- Last Refresh:
- May 20 at 8:27 pm
Property Features for 7353-7373 E 21st St
General Information
- Standard status
- Active
- Size
- 12,140 SF
- Lot size
- 1.52 Acres
- Property subtype
- OFFICE
Properties For Sale
at 7353-7373 E 21st St Contact us
Listing agent Charles Yeo License #RB14040478 (317) 288-9006
Listing office CornerStone Companies Inc (317) 288-9006
Listing date Nov 16, 2023
Source Moodyscre
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 CornerStone Companies Inc
HighLights
- Immediate access to I‑70, I‑465 & North Shadeland Ave.
- Multi‑tenant professional office building
- Excellent exposure from E. 21st Street
- Interior remodeled in 2019‑2020
- New roof in 2018
- Located on the east side of Indianapolis
Overview
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 | $262.2k | $21.60 |
| − Vacancy | −$48.5k | −$4.00 |
| EGI | $213.7k | $17.60 |
| − OpEx | −$53.4k | −$4.40 |
| NOI | $160.3k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.0382
- Latitude
- 39.796
