Three-Office
For Sale
Contact for pricing
2021 E 52nd Street #112, Indianapolis, IN 46205
Private workspace includes a reception area and access to shared amenities, including a kitchen and gathering hall.
Property Size12,693 SF
Price / SF$0.10
Days on Market87
Property Features for 2021 E 52nd Street #112
General Information
Standard status
Active
Size
12,693 SF
Property subtype
Office
Site & Location
Neighborhood
Canterbury-Chatard
Utilities to Site
Yes
Additional Details
Condition
Shell
Property Use
Office
Amenities
dining/gathering hall
kitchen
bathrooms
Building Details
Year Built
1969
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty
(317) 218-9625
Source:
Locksteprealty
Added: Aug 5
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
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 eXp Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This private office unit offers approximately 1025 square feet, arranged with a reception area, hallway, and three separate office or meeting rooms. Large windows bring natural light into the rear rooms. New framing and mechanical systems are in place, and the interior can be finished to suit the occupant’s needs. Building amenities include a lobby with an ADA lift, a kitchen, a dining and gathering hall, two bathrooms, and a shared parking lot.
The property is at 2021 E 52nd Street in Indianapolis, in the Midtown area. Signage is available along 52nd Street, and utilities are included.
The property is at 2021 E 52nd Street in Indianapolis, in the Midtown area. Signage is available along 52nd Street, and utilities are included.
Key Highlights
- Approximately 1025 square feet of private office space
- Three separate office or meeting rooms with a reception area and hallway
- Shared building amenities include a kitchen, gathering hall, and two bathrooms
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 13,406.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.69M
NOI $221,163 @ 7.0% cap · market cap 17,693.04%
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 - Private workspace includes a reception area and access to shared amenities, including a kitchen and gathering hall.
Where is this office unit located?
The property is located at 2021 E 52nd Street #112 Indianapolis, IN.
What are key features of this property?
This property features: Approximately 1025 square feet of private office space; Three separate office or meeting rooms with a reception area and hallway; Shared building amenities include a kitchen, gathering hall, and two bathrooms
