Office Suite with Three Private
For Sale
Contact for pricing
2021 E 52nd Street #103, Indianapolis, IN 46205
A private workspace combines reception and meeting areas with shared building amenities and included utilities.
Property Size12,693 SF
Price / SF$0.09
Days on Market87
Property Features for 2021 E 52nd Street #103
General Information
Standard status
Active
Size
12,693 SF
Property subtype
Office
Site & Location
Neighborhood
Canterbury-Chatard
Utilities to Site
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
dining/gathering hall
kitchen
Building Details
Year Built
1969
Listing Agency:
Maywright Property Co.
(317) 210-0624
Listed By:
Chanda Johnson
(317) 513-1101
Source:
Locksteprealty
Added: Aug 5
Changed: Oct 28
Last Checked: Oct 28 at 2:52PM
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 Maywright Property Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The approximately 1,025-square-foot office suite is arranged with three separate office or meeting rooms, plus access to a lobby and reception area. Large rear windows provide natural light, and the suite can be finished with tenant-selected walls, paint, flooring, and lighting. New framing and mechanical systems are in place. Utilities are included, and the lease term is 12 months or longer.
Building amenities include a shared dining and gathering hall, kitchen, two bathrooms, an ADA lift, and a shared parking lot. Signage is available along 52nd Street.
Building amenities include a shared dining and gathering hall, kitchen, two bathrooms, an ADA lift, and a shared parking lot. Signage is available along 52nd Street.
Key Highlights
- Approximately 1,025 square feet of private office space
- Three separate office or meeting rooms
- Large windows along the rear walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,586
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,351,720
$3.4M
Cap Rate 7%
$2,394,086
$2.4M
Cap Rate 9%
$1,862,067
$1.9M
Market Conditions
NOI Build-Up for 12,693 SF
Gross rent
$274.2K $21.60/SF
− Vacancy
−$50.7K −$4.00/SF
EGI
$223.4K $17.60/SF
− OpEx
−$55.9K −$4.40/SF
NOI
$167.6K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,351,720
Cap Rate 7%
$2,394,086
Cap Rate 9%
$1,862,067
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,586 @ 7.0% cap · market cap 13,965.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.69M
NOI $221,163 @ 7.0% cap · market cap 18,430.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - A private workspace combines reception and meeting areas with shared building amenities and included utilities.
Where is this office unit located?
The property is located at 2021 E 52nd Street #103 Indianapolis, IN.
What are key features of this property?
This property features: Approximately 1,025 square feet of private office space; Three separate office or meeting rooms; Large windows along the rear walls
