Free-Standing Brick Office/Retail
4803 W 71st St, Indianapolis, IN 46268
High-visibility commercial building with flexible layout and expansion potential.
Type:Office, Retail
Property size:
1,804 SFLot size:
0.50 AcresPrice / SF:
$182/SF- Added:
- Feb 4, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4803 W 71st St
General Information
- Standard status
- Active
- Size
- 1,804 SF
- Lot size
- 0.50 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1987
Listing agent Albert (Abbie) Stancato License #RB16000255
Listing office Highgarden Real Estate Indianapolis (317) 504-2663
Listing date Feb 4, 2026
Source Crexi
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 Highgarden Real Estate Indianapolis
HighLights
- Prime Location: One block from Georgetown Road in a high‑traffic commercial corridor.
- Versatile C‑3 Commercial Zoning: Supports a wide variety of business types.
- Spacious Half‑Acre Parcel: Includes ample parking and future expansion potential.
- Adaptable Interior Layout: Features ten private offices/treatment rooms, reception area, kitchen/break room, restroom, and storage.
- Well‑Maintained, Free‑Standing Brick Building: Durable construction ensures low maintenance.
- Ideal for Owner‑Users or Investors: Suitable for small business owners or investors.
Overview
This free-standing brick office/retail building is positioned one block from Georgetown Road in a high-traffic commercial corridor. The 1,755-square-foot structure is situated on a half-acre parcel, providing ample parking and future expansion potential. The efficient interior layout includes ten private offices or treatment rooms, a reception and waiting area, a large kitchen or break room, a restroom, and dedicated storage. Previously utilized as an optometry clinic and currently operating as a tax service center, the property is adaptable for medical, professional, or general retail use. There are eleven existing parking spaces. The property features durable red brick construction and C-3 commercial zoning that supports a variety of business types. It is suitable for a small business owner or an investor looking for a low-maintenance asset in a commercial location. The property size is 1,804 square feet.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$265.5K
NOI $23,899 @ 9.00% cap · cautious / downside scenario
Moderate
$341.4K
NOI $23,899 @ 7.00% cap · market / base-case scenario
Aggressive
$478.0K
NOI $23,899 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.3k | $24.00 |
| − Vacancy | −$3.5k | −$1.92 |
| EGI | $39.8k | $22.08 |
| − OpEx | −$15.9k | −$8.83 |
| NOI | $23.9k | $13.25 |
1,804 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 7.25%
Second Best
Office B
$340.3K
$297.7K – $397.0K
NOI $23,818 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$449.0K
$392.9K – $523.9K
NOI $31,433 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bethel Express Services ...
Freight Service
Connect Employment Inc
Employment Agency
Entourage cleaning services
Commercial Cleaning Service
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.243058
- Latitude
- 39.88101
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - High-visibility commercial building with flexible layout and expansion potential.
Where is this office building located?
The property is located at 4803 W 71st St Indianapolis, IN.
What is the asking price?
The asking price for this property is $329,500.
What are key features of this property?
This property features: Prime Location: One block from Georgetown Road in a high‑traffic commercial corridor.; Versatile C‑3 Commercial Zoning: Supports a wide variety of business types.; Spacious Half‑Acre Parcel: Includes ample parking and future expansion potential.
