Keystone Avenue Office
For Sale
Contact for pricing
4701 N Keystone Ave. Indianapolis, Indianapolis, IN 46205
Highly visible office building on Keystone Avenue, minutes from downtown.
Property Size77,595 SF
Price / SF$0.00
Days on Market390
Property Features for 4701 N Keystone Ave. Indianapolis
General Information
Standard status
Active
Size
77,595 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
77,595 SF
Year Built
1970
Properties For Sale
at 4701 N Keystone Ave. Indianapolis
Suite 450
Size
1,400 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Pete Alveal · License #IN123455
(317) 997-9362
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: May 8 at 9:32PM
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 Premier Commercial Real Estate Services, Inc.
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 well-maintained office building offers flexible space and is situated on Keystone Avenue, a main thoroughfare in Indianapolis. The location provides high visibility and excellent signage opportunities. Its convenient location is just minutes from downtown Indianapolis and the Broad Ripple area. The building features a newly renovated lobby and upgraded common areas. Updated HVAC, a new cooling jewel, and new LED lights have been installed throughout the building. Abundant parking is available, with recent lot improvements. The property has corporate headquarters potential.
Key Highlights
- Highly visible location on Keystone Avenue with excellent signage opportunities.
- Convenient location minutes from downtown Indianapolis and Broad Ripple.
- Newly‑renovated lobby and upgraded common areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,024,487
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,489,740
$20.5M
Cap Rate 7%
$14,635,529
$14.6M
Cap Rate 9%
$11,383,189
$11.4M
Market Conditions
NOI Build-Up for 77,595 SF
Gross rent
$1.68M $21.60/SF
− Vacancy
−$310.1K −$4.00/SF
EGI
$1.37M $17.60/SF
− OpEx
−$341.5K −$4.40/SF
NOI
$1.02M $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%
$20,489,740
Cap Rate 7%
$14,635,529
Cap Rate 9%
$11,383,189
Alternative Uses
Best Use
Office B
$14.64M
$12.81M – $17.07M
NOI $1,024,487 @ 7.0% cap · market cap 6,403,043.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.31M
$16.90M – $22.53M
NOI $1,352,015 @ 7.0% cap · market cap 8,450,093.75%
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
998
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
Frequently Asked Questions
What type of property is this?
Office building - Highly visible office building on Keystone Avenue, minutes from downtown.
Where is this office building located?
The property is located at 4701 N Keystone Ave. Indianapolis Indianapolis, IN.
What are key features of this property?
This property features: Highly visible location on Keystone Avenue with excellent signage opportunities.; Convenient location minutes from downtown Indianapolis and Broad Ripple.; Newly‑renovated lobby and upgraded common areas.
