Three-Suite Office
For Sale
Contact for pricing
3891 Eagle Creek Parkway, Indianapolis, IN 46254
Updated interiors and flexible suite arrangements allow separate occupancy or use of the full building by one business.
Property Size5,109 SF
Price / SF$0.00
Days on Market82
Property Features for 3891 Eagle Creek Parkway
General Information
Standard status
Active
Size
5,109 SF
Property subtype
Office
Site & Location
Neighborhood
Eagle Creek
Additional Details
Condition
Move-in Ready
Office Units
3
Property Use
Office
Building Details
Buildings
1
Building Size
5,109 SF
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty
(317) 218-9625
Source:
Locksteprealty
Added: Aug 10
Changed: Oct 29
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.
At 3891 Eagle Creek Parkway, this 5,109-SF office building contains three separately configured suites with updated interiors. Suite A offers 1,300 SF, including five private offices, a reception area, break area, storage closet, and two private restrooms. The 1,200-SF Suite B has two offices, a conference room, a reception area, a break area, and one private restroom. Suite C spans 2,609 SF and includes four private offices, two large offices divided by a half wall, a conference room, a copy room, a file room, and two private restrooms.
The suites can be occupied individually, paired with an adjoining suite, or combined for a single occupant. Signage is available on Eagle Creek Parkway.
The suites can be occupied individually, paired with an adjoining suite, or combined for a single occupant. Signage is available on Eagle Creek Parkway.
Key Highlights
- Three office suites total 5,109 SF, with individual areas of 1,300 SF, 1,200 SF, and 2,609 SF
- Suite A includes five private offices, storage, a break area, and two restrooms
- Suite B features a conference room, two private offices, and one restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,776
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,520
$1.3M
Cap Rate 7%
$953,943
$953.9K
Cap Rate 9%
$741,956
$742.0K
Market Conditions
NOI Build-Up for 5,109 SF
Gross rent
$113.4K $22.20/SF
− Vacancy
−$24.4K −$4.77/SF
EGI
$89.0K $17.43/SF
− OpEx
−$22.3K −$4.36/SF
NOI
$66.8K $13.07/SF
Area
ZIP 46254
Vacancy
21.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,520
Cap Rate 7%
$953,943
Cap Rate 9%
$741,956
Alternative Uses
Best Use
Office B
$953.9K
$834.7K – $1.11M
NOI $66,776 @ 7.0% cap · market cap 290,330.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,294 @ 7.0% cap · market cap 427,365.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - Updated interiors and flexible suite arrangements allow separate occupancy or use of the full building by one business.
Where is this office unit located?
The property is located at 3891 Eagle Creek Parkway Indianapolis, IN.
What are key features of this property?
This property features: Three office suites total 5,109 SF, with individual areas of 1,300 SF, 1,200 SF, and 2,609 SF; Suite A includes five private offices, storage, a break area, and two restrooms; Suite B features a conference room, two private offices, and one restroom
