Standalone Mixed-Use
New
For Sale
Contact for pricing
4044 North Keystone Avenue, Indianapolis, IN 46205
Commercial structure positioned at the intersection of Keystone Avenue and Millersville Road.
Property Size4,000 SF
Price / SF$156.25
Days on Market7
Property Features for 4044 North Keystone Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Office, Mixed Use
Building Details
Buildings
1
Listing Agency:
Midland Atlantic Properties
(317) 597-1721
Listed By:
Will Berens · License #IN
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 4 at 10:44AM
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 Midland Atlantic Properties
Investment Insights
Based on property information with market context.
This standalone mixed-use building contains approximately 4,000 square feet of commercial space. The property is situated at the intersection of Keystone Avenue and Millersville Road in Indianapolis, providing a clearly identified urban location for a range of mixed-use applications.
Key Highlights
- 4,000‑square‑foot standalone mixed‑use building
- Located at Keystone Avenue and Millersville Road
- 4044 North Keystone Avenue, Indianapolis, IN 46205
Financial Insights For Mixed Use
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 | $86.4k | $21.60 |
| − Vacancy | −$8.6k | −$2.16 |
| EGI | $77.8k | $19.44 |
| − OpEx | −$29.2k | −$7.29 |
| NOI | $48.6k | $12.15 |
4,000 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$614.9K
$538.0K – $717.4K
NOI $43,042 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$995.7K
$871.2K – $1.16M
NOI $69,696 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
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
Properties on Market for Mixed-use properties in Indianapolis
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial structure positioned at the intersection of Keystone Avenue and Millersville Road.
Where is this mixed-use property located?
The property is located at 4044 North Keystone Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,000‑square‑foot standalone mixed‑use building; Located at Keystone Avenue and Millersville Road; 4044 North Keystone Avenue, Indianapolis, IN 46205
