Second-Floor Office
For Sale
Contact for pricing
3737 N Meridian Street #210, Indianapolis, IN 46208
Keycard entry remains available to tenants around the clock, with utilities included in the arrangement.
Property Size46,440 SF
Price / SF$0.01
Days on Market42
Property Features for 3737 N Meridian Street #210
General Information
Standard status
Active
Size
46,440 SF
Property subtype
Office
Site & Location
Neighborhood
Mapleton / Fall Creek
Utilities to Site
Yes
Additional Details
Floor
2
Property Use
Office
Amenities
security
24hr tenant keycard access
Building Details
Year Built
1974
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty
(317) 218-9625
Source:
Locksteprealty
Added: Sep 19
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
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Investment Insights
Based on property information with market context.
This 681-square-foot office unit occupies the second floor of a 1974 building. Utilities are included, and tenants have keycard access at all hours. Security is also provided, with parking available for occupants and their clients.
The property is in Center Township at 3737 N Meridian Street in Indianapolis.
The property is in Center Township at 3737 N Meridian Street in Indianapolis.
Key Highlights
- 681 square feet on the second floor
- Utilities included
- Tenant keycard entry available 24 hours a day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$613,147
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,262,940
$12.3M
Cap Rate 7%
$8,759,243
$8.8M
Cap Rate 9%
$6,812,744
$6.8M
Market Conditions
NOI Build-Up for 46,440 SF
Gross rent
$1.00M $21.60/SF
− Vacancy
−$185.6K −$4.00/SF
EGI
$817.5K $17.60/SF
− OpEx
−$204.4K −$4.40/SF
NOI
$613.1K $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%
$12,262,940
Cap Rate 7%
$8,759,243
Cap Rate 9%
$6,812,744
Alternative Uses
Best Use
Office B
$8.76M
$7.66M – $10.22M
NOI $613,147 @ 7.0% cap · market cap 88,349.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.56M
$10.11M – $13.49M
NOI $809,171 @ 7.0% cap · market cap 116,595.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
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Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - Keycard entry remains available to tenants around the clock, with utilities included in the arrangement.
Where is this office unit located?
The property is located at 3737 N Meridian Street #210 Indianapolis, IN.
What are key features of this property?
This property features: 681 square feet on the second floor; Utilities included; Tenant keycard entry available 24 hours a day
