Office Building with Secured
3913 N Keystone Avenue, Indianapolis, IN 46205
For Sale
$450,000
Commercial Sale, Indianapolis, IN
Property Size1,715 SF
Lot Size0.56 Acres
Price / SF$262.39
Days on Market100
Property Features for 3913 N Keystone Avenue
General Information
Property type
Property subtype
Zoning
Security features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
reception area
private offices
open work area
restrooms
security fence
security gate
Building Details
Floors in Building
Buildings
Listing Agency:
No Limit Real Estate, LLC
Listed By:
Charlene Gaard · License #RB14033327
(317) 440-2149
Added: Jul 31
Changed: Nov 2
Last Checked: Nov 7 at 1:06AM
MLS# 22117474
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 1,715-square-foot office building occupies approximately 0.56 acres across five contiguous parcels that operate as one enclosed property. The interior includes a reception area, three private offices, an open work area, and two multi-stall restrooms, creating a practical layout for a range of office and service operations.
A 6-foot security fence topped with barbed wire surrounds the site, with a security gate controlling entry. The property provides parking for 30+ cars or trucks and fronts Keystone Avenue in Indianapolis. C3 zoning and the flexible interior support professional office, medical, contractor, staffing, nonprofit, and service-business applications identified for the property.
A 6-foot security fence topped with barbed wire surrounds the site, with a security gate controlling entry. The property provides parking for 30+ cars or trucks and fronts Keystone Avenue in Indianapolis. C3 zoning and the flexible interior support professional office, medical, contractor, staffing, nonprofit, and service-business applications identified for the property.
Key Highlights
- 1,715‑square‑foot office building on approximately 0.56 acres
- Five contiguous parcels function as one enclosed commercial site
- 6‑foot security fence with barbed wire and security gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,643
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,860
$452.9K
Cap Rate 7%
$323,471
$323.5K
Cap Rate 9%
$251,589
$251.6K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$37.0K $21.60/SF
− Vacancy
−$6.9K −$4.00/SF
EGI
$30.2K $17.60/SF
− OpEx
−$7.5K −$4.40/SF
NOI
$22.6K $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%
$452,860
Cap Rate 7%
$323,471
Cap Rate 9%
$251,589
Alternative Uses
Best Use
Office B
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.9K
$373.5K – $498.0K
NOI $29,882 @ 7.0% cap · market cap 6.64%
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
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
468
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Indianapolis
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with controlled access, fenced parking, and C3 commercial zoning.
Where is this office building located?
The property is located at 3913 N Keystone Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,715‑square‑foot office building on approximately 0.56 acres; Five contiguous parcels function as one enclosed commercial site; 6‑foot security fence with barbed wire and security gate
