Office Suite with Conference
For Sale
Contact for pricing
4755 Statesmen Drive, Indianapolis, IN 46250
Reception, private offices, and an accessible restroom support a practical professional workspace.
Property Size1,470 SF
Price / SF$2.18
Days on Market58
Property Features for 4755 Statesmen Drive
General Information
Standard status
Active
Size
1,470 SF
Total Parking Spaces
20
Property subtype
Office
Site & Location
Neighborhood
Ivy Hills
Highway Access
Yes
Additional Details
Property Use
Office
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty · License #RB14043056
(317) 218-9625
Source:
Locksteprealty
Added: Sep 3
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This office suite has a reception area, four private offices, and a conference room, with an ADA-accessible restroom serving the space. The layout brings together private work areas and a dedicated meeting room within a professional office setting.
The property is in the Castleton area and includes access to 20 shared parking spaces. I-465 and I-69 are accessible from the location.
The property is in the Castleton area and includes access to 20 shared parking spaces. I-465 and I-69 are accessible from the location.
Key Highlights
- Four private offices, reception area, and conference room
- One ADA‑accessible restroom
- 20 shared parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,408
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,160
$388.2K
Cap Rate 7%
$277,257
$277.3K
Cap Rate 9%
$215,644
$215.6K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$31.8K $21.60/SF
− Vacancy
−$5.9K −$4.00/SF
EGI
$25.9K $17.60/SF
− OpEx
−$6.5K −$4.40/SF
NOI
$19.4K $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%
$388,160
Cap Rate 7%
$277,257
Cap Rate 9%
$215,644
Alternative Uses
Best Use
Office B
$277.3K
$242.6K – $323.5K
NOI $19,408 @ 7.0% cap · market cap 606.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.9K
$320.2K – $426.9K
NOI $25,613 @ 7.0% cap · market cap 800.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 46250, IN
19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - Reception, private offices, and an accessible restroom support a practical professional workspace.
Where is this office unit located?
The property is located at 4755 Statesmen Drive Indianapolis, IN.
What are key features of this property?
This property features: Four private offices, reception area, and conference room; One ADA‑accessible restroom; 20 shared parking spaces
