Office Building with Secured
New
For Sale
$450,000
3913 N Keystone Avenue, Indianapolis, IN 46205
SINGLE_FAMILY - Indianapolis, IN
Property Size1,715 SF
Lot Size0.56 Acres
Price / SF$262.39
Days on Market5
Property Features for 3913 N Keystone Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
C3
Security features
Security
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4903 - Marion - Washington
Standard status
Active
APN
490717112036000801
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Waldemere 40Ft E End L139
Legal Description
Waldemere 40Ft E End L139
Amenities
security fence
security gate
Building Details
Floors in Building
1
Listing Agency:
No Limit Real Estate, LLC
(317) 440-2149
Listed By:
Charlene Gaard · License #RB14033327
(317) 440-2149
Added: Jul 31
Last Checked: Aug 4 at 6:06AM
MLS# 22117474
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Office building on approximately 0.56 acres, set up as a single enclosed, secure site. The property includes a 1,715-square-foot office building plus 5 contiguous parcels, functioning together under one secured perimeter. Interior space features a reception area, three private offices, a spacious open work area, and two multi-stall restrooms.
The entire property is enclosed by a 6-foot security fence with barbed wire and a security gate, supporting controlled access and secure parking. Parking is available for 30+ cars or trucks, and the site is located on highly traveled Keystone Avenue with excellent visibility. The property is zoned C-3, allowing a wide variety of commercial uses.
The flexible layout and secured exterior make the property suited for professional offices and a range of service-oriented commercial users that benefit from controlled access, fleet vehicle parking, or equipment storage.
The entire property is enclosed by a 6-foot security fence with barbed wire and a security gate, supporting controlled access and secure parking. Parking is available for 30+ cars or trucks, and the site is located on highly traveled Keystone Avenue with excellent visibility. The property is zoned C-3, allowing a wide variety of commercial uses.
The flexible layout and secured exterior make the property suited for professional offices and a range of service-oriented commercial users that benefit from controlled access, fleet vehicle parking, or equipment storage.
Key Highlights
- 5 contiguous parcels totaling approximately 0.56 acres
- 1,715‑square‑foot office building
- C‑3 zoning for a wide variety of commercial uses
Financial Insights For Healthcare Medical
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 | $41.2k | $24.00 |
| − Vacancy | −$3.3k | −$1.92 |
| EGI | $37.9k | $22.08 |
| − OpEx | −$15.1k | −$8.83 |
| NOI | $22.7k | $13.25 |
1,715 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$324.6K
$284.0K – $378.7K
NOI $22,720 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 5.03%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C-3 zoned office building on 0.56 acres on a secured, enclosed site with parking for 30+ cars or trucks.
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: 5 contiguous parcels totaling approximately 0.56 acres; 1,715‑square‑foot office building; C‑3 zoning for a wide variety of commercial uses
