Office Suite with Exposed
For Sale
Contact for pricing
435 E Main Street SUITE 150, Greenwood, IN 46143
The open floor plan includes a separate enclosed room and dedicated storage.
Property Size56,306 SF
Price / SF$0.03
Days on Market99
Property Features for 435 E Main Street SUITE 150
General Information
Standard status
Active
Size
56,306 SF
Property subtype
Office
Building Details
Year Built
1910
Construction
brick & beam
Listing Agency:
Keller Williams Indy Metro Partners
(317) 882-5900
Listed By:
Teresa Harwood · License #RB14039040
(317) 354-5236
Source:
Locksteprealty
Added: Jul 24
Changed: Oct 28
Last Checked: Oct 28 at 3:42PM
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 Keller Williams Indy Metro Partners
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.
Suite 150 at 435 E Main Street is an office space in Polk Place, a building constructed in 1910. The suite features an open layout with exposed brick, beams, posts, and windows. A separate enclosed room and storage area provide additional space within the suite.
Key Highlights
- Open‑plan office suite with exposed brick, beams, and posts
- Separate enclosed room for private workspace or meetings
- Dedicated storage area within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$710,722
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,214,440
$14.2M
Cap Rate 7%
$10,153,171
$10.2M
Cap Rate 9%
$7,896,911
$7.9M
Market Conditions
NOI Build-Up for 56,306 SF
Gross rent
$1.11M $19.80/SF
− Vacancy
−$167.2K −$2.97/SF
EGI
$947.6K $16.83/SF
− OpEx
−$236.9K −$4.21/SF
NOI
$710.7K $12.62/SF
Area
Johnson County, IN
Vacancy
15.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,214,440
Cap Rate 7%
$10,153,171
Cap Rate 9%
$7,896,911
Alternative Uses
Best Use
Office B
$10.15M
$8.88M – $11.85M
NOI $710,722 @ 7.0% cap · market cap 47,381.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.19M
$12.42M – $16.55M
NOI $993,238 @ 7.0% cap · market cap 66,215.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 46143, IN
62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The open floor plan includes a separate enclosed room and dedicated storage.
Where is this office unit located?
The property is located at 435 E Main Street SUITE 150 Greenwood, IN.
What are key features of this property?
This property features: Open‑plan office suite with exposed brick, beams, and posts; Separate enclosed room for private workspace or meetings; Dedicated storage area within the suite
