Freestanding Office
4451 Old Allisonville Rd Indianapolis, IN 46205
4451 Old Allisonville Rd, Indianapolis, IN, 46205
Contact for pricing
For Sale
Contact for pricing
Well-maintained free-standing building with gated parking, private offices, and two bathrooms for flexible business use.
Property Size1,300 SF
Price / SF$206.92
Days on Market411
Property Features for 4451 Old Allisonville Rd
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Property subtype
- Office
Listing agency
ALO Property Group
(463) 230-5158
Listed by
Jack Seamands · License #RB23002204
Source
Crexi
Added: Jun 7, 2025 Updated: Jul 22 at 6:47AM Checked: Jul 22 at 6:47AM
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 ALO Property Group
Investment Insights
Based on property information with market context.
This well-maintained, free-standing building is designed for business use and includes a newly constructed interior. The space features a lobby, private offices, a kitchen, a laundry room, two bathrooms, and ample storage throughout. Parking is available in both the front and rear, supported by a gated parking lot, with easy site access.
Zoned C5, the property is conveniently located near Fall Creek, Binford, Keystone, Broad Ripple, and downtown Indianapolis, providing quick access to both business and residential areas.
Overall, the layout supports multiple day-to-day functions within the building, with dedicated private office areas and back-of-house conveniences including kitchen and laundry.
Zoned C5, the property is conveniently located near Fall Creek, Binford, Keystone, Broad Ripple, and downtown Indianapolis, providing quick access to both business and residential areas.
Overall, the layout supports multiple day-to-day functions within the building, with dedicated private office areas and back-of-house conveniences including kitchen and laundry.
Key Highlights
- Well‑maintained free‑standing building with gated parking lot and front and rear parking access
- Newly constructed interior layout includes a lobby, private offices, kitchen, and laundry room
- Includes 2 bathrooms and ample storage for day‑to‑day operations
Local Financial Insights For Office B
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 | $28.1k | $21.60 |
| − Vacancy | −$5.2k | −$4.00 |
| EGI | $22.9k | $17.60 |
| − OpEx | −$5.7k | −$4.40 |
| NOI | $17.2k | $13.20 |
1,300 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$245.2K
$214.6K – $286.1K
NOI $17,164 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mercy Love Grace ...
Association Or Organization
Lightin UP
Home Decor Store
Mosquito Squad of Greater ...
Garden Center
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FAQs
What type of property is this?
Office building - Well-maintained free-standing building with gated parking, private offices, and two bathrooms for flexible business use.
Where is this office building located?
The property is located at 4451 Old Allisonville Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Well‑maintained free‑standing building with gated parking lot and front and rear parking access; Newly constructed interior layout includes a lobby, private offices, kitchen, and laundry room; Includes 2 bathrooms and ample storage for day‑to‑day operations
