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    6745 Gray Rd Indianapolis, IN 46237

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    For Sale
    $1,311,752

    Leased office building on 1.28 acres, potential medical conversion.

    Property size:
    6,745 SF
    Lot size:
    1.28 Acres

    Property Features for 6745 Gray Rd

    General Information

    Size
    6,745 SF
    Lot size
    1.28 Acres

    Source: Colliers Agent Megan Martin

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

    Overview

    Fully Leased Office Building

    The property at 6745 S Gray Road, Indianapolis, IN, comprises an office building with a total area of approximately 8,828 square feet, situated on a 1.28-acre lot. The building is fully leased and currently occupied by long-standing tenants. The property has undergone several updates, including the installation of new HVAC units, blacktop sealing in 2023, and the pouring of new concrete walkways. The property could be converted to medical office suites.
    Insight Report Location Intelligence

    Current Use by Public Records

    Along the Way Psychotherapist Shelter Insurance - Brandon ... Insurance Agency Safe Haven Counseling, ... Mental Health Service Polished Concrete Solution Flooring Contractor Crane Environmental Services, ... Environmental Consultant

    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
    -86.096688
    Latitude
    39.669562

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    FAQs

    What type of property is this?
    Office building - Leased office building on 1.28 acres, potential medical conversion.
    Where is this office building located?
    The property is located at 6745 Gray Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,311,752.
    What are key features of this property?
    This property features: - Fully leased with long-standing tenants, providing immediate income.; - Large lot size of ±1.28 acres.; - Substantial building size of ±8,828 SF.
    (317) 454-7171
    Request Owner's contact information
    6745 Gray Rd Indianapolis, IN 46237
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    Indianapolis, IN 46237
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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
    6745 Gray Rd Indianapolis, IN 46237
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