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Greenwood Office Building For Sale

200 N Emerson Ave Greenwood, IN 46143

200 N Emerson Ave, Greenwood, IN, 46143
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3,440 SF office building with 18 parking spots.

Property Size3,440 SF
Lot Size0.32 Acres
Price / SF$202.03
AddedMay 26
Days on Market50
Last RefreshMay 27 at 8:24 am

Property Features for 200 N Emerson Ave

General Information

Standard status
Active
Size
3,440 SF
Lot size
0.32 Acres
Property subtype
OFFICE

Listing office CBRE | Indianapolis

Listing date May 26, 2026

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


Investment Insights

Based on property information with market context.

This commercial property features a 3,440-square-foot office building situated on a 0.32-acre lot. Constructed in 1990, the building is equipped with three HVAC systems. A new roof was installed in 2024. The property has 18 parking spots. It is zoned CM (Commercial Medium).

Key Highlights

  • New roof in 2024
  • Zoned CM (Commercial Medium)
  • 18 Parking spots available

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 $68.1k $19.80
− Vacancy −$10.2k −$2.97
EGI $57.9k $16.83
− OpEx −$14.5k −$4.21
NOI $43.4k $12.62
3,440 SF · lease $19.80/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$620.3K
$542.8K – $723.7K (±1% cap)
NOI $43,421 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.9K
$758.5K – $1.01M (±1% cap)
NOI $60,682 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mike Young: Allstate ... Insurance Agency Allstate Personal Financial ... Financial Advisor China Wok Restaurant glowxkyra Spa & Massage Center Greg Wright: Allstate ... Insurance Agency

Suggested Use

Barber Shop Carpet & Flooring Store Electrical Service Veterinary Clinic Grocery & Convenience Store Parking Lot & Garage Florist (Bike/Boat/Book/etc) Store Acupuncture Daycare Center

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

FAQs

What type of property is this?
Office building - 3,440 SF office building with 18 parking spots.
Where is this office building located?
The property is located at 200 N Emerson Ave Greenwood, IN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: New roof in 2024; Zoned CM (Commercial Medium); 18 Parking spots available
Contact an agent
(317) 269-1000 Call to check price and availability
More about this property
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