Class A Office
350 Westfield Rd Noblesville, IN
For Sale
Contact for pricing
Modern 37,173 SF office building in Noblesville, Indiana.
Property Size37,173 SF
Lot Size2.17 Acres
Price / SF$336.27
Days on Market813
Property Features for 350 Westfield Rd
General Information
Standard status
Active
Size
37,173 SF
Lot size
2.17 Acres
Property subtype
OFFICE
Listing Agency:
Alo Property Group
(317) 281-8847
Listed By:
Ralph Balber · License #RB14044276
(317) 281-8847
Source:
Moodyscre
Added: May 8, 2024
Changed: Jul 6
Last Checked: Jul 22 at 4:18AM
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 Alo Property Group
Investment Insights
Based on property information with market context.
Located at 350 Westfield Rd in Noblesville, IN, this 37,173 SF Class A office building presents an opportunity for owner-users and investors. Constructed in 2017, the property features a modern design and is situated in the Noblesville area. The building offers a spacious and flexible layout with high-quality construction and finishes. This property is a sought-after asset.
Key Highlights
- Prime location in the flourishing Noblesville area.
- 37,173 SF Class A office/retail building.
- Modern and contemporary design.
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 | $722.6k | $19.44 |
| − Vacancy | −$70.1k | −$1.89 |
| EGI | $652.5k | $17.55 |
| − OpEx | −$163.1k | −$4.39 |
| NOI | $489.4k | $13.17 |
37,173 SF · lease $19.44/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.99M
$6.12M – $8.16M
NOI $489,410 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.57M
$7.50M – $10.00M
NOI $599,755 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Modern 37,173 SF office building in Noblesville, Indiana.
Where is this office building located?
The property is located at 350 Westfield Rd Noblesville, IN.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Prime location in the flourishing Noblesville area.; 37,173 SF Class A office/retail building.; Modern and contemporary design.
