1718 W 15th St, Indianapolis, IN
8,140 SF flex space renovated in 2021 on 0.36 acres.
- Added:
- Mar 3, 2025
- Days on Market:
- 471
- Last Refresh:
- May 20 at 9:32 pm
Property Features for 1718 W 15th St
General Information
- Standard status
- Active
- Size
- 8,140 SF
- Lot size
- 0.36 Acres
- Property subtype
- FLEX_R_AND_D
Listing agent Jeff Merritt License #RB14033827
Listing office CBRE | Indianapolis (317) 269-1000
Listing date Mar 3, 2025
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 CBRE | Indianapolis
HighLights
- Completely renovated in 2021 with all new HVAC, plumbing, electrical, and roof.
- 8,140 SF on ±0.36 Acres offers substantial space.
- Zoned C‑5, allowing for commercial use (with variance), but currently residential.
- Rooftop deck provides outdoor space.
- Generous parking area with drain (recently seal coated).
- Three large bedrooms (convertible to offices) and three restrooms with showers.
Overview
Local Financial Insights For Flex RnD
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 | $136.8k | $16.80 |
| − Vacancy | −$13.7k | −$1.68 |
| EGI | $123.1k | $15.12 |
| − OpEx | −$43.1k | −$5.29 |
| NOI | $80.0k | $9.83 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Cooking Besties — 1220 Waterway Blvd, Indianapolis, IN 46202
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1915
- Latitude
- 39.788