Indianapolis Office Building Investment
For Sale
$805,700
5218 S East St., Indianapolis, IN 46227
5,673 SF office building for sale in Indianapolis.
Property Size5,673 SF
Price / SF$142.02
Days on Market152
Property Features for 5218 S East St.
General Information
Standard status
Active
Size
5,673 SF
Property subtype
Office
Listing Agency:
Premier Commercial Real Estate Services, Inc.
(317) 379-6334
Listed By:
Will Conway · License #RB17000936
(317) 379-6334
Source:
Tcnworldwide
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 4 at 5:19AM
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 Premier Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Located at 5218 S. East St. in Indianapolis, this 5,673 SF office building presents an investment opportunity. The property offers spaces ranging from 1,102 to 2,980 square feet, providing long-term equity building and control over workspace. The building features customizable interiors and flexible floor plans. With below-market rents, investors can capitalize on this asset and tailor it to their specific needs. The location provides convenient access to key business districts, with numerous dining and entertainment options nearby. The bustling downtown area is a six-mile drive away. Major highways like US 31 and I-465 are easily accessible. This area is the fastest-growing suburb in the MSA, with demographics suitable for investment.
Key Highlights
- Prime location with easy access to US 31 and I‑465.
- 5,673 SF office building for sale.
- Great long‑term equity building and control over workspace.
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 | $113.7k | $20.04 |
| − Vacancy | −$20.7k | −$3.65 |
| EGI | $93.0k | $16.39 |
| − OpEx | −$23.2k | −$4.10 |
| NOI | $69.7k | $12.29 |
5,673 SF · lease $20.04/SF/yr · vacancy 18.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$996.4K
$871.8K – $1.16M
NOI $69,747 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,680 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 5,673 SF office building for sale in Indianapolis.
Where is this office building located?
The property is located at 5218 S East St. Indianapolis, IN.
What is the asking price?
The asking price for this property is $805,700.
What are key features of this property?
This property features: Prime location with easy access to US 31 and I‑465.; 5,673 SF office building for sale.; Great long‑term equity building and control over workspace.
