Office Building with Private
For Sale
$625,000
5022 E 62nd Street, Indianapolis, IN 46220
Three parcels accommodate a reception area, open workspace, and several private offices.
Property Size2,400 SF
Price / SF$260.42
Days on Market366
Property Features for 5022 E 62nd Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Zoning
Office
Occupancy
100%
Site & Location
Neighborhood
Devonshire
Building Details
Building Size
2,400 SF
Buildings
1
Stories
1
Owner Occupied
Yes
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Oct 23, 2025
Changed: Oct 23
Last Checked: Oct 22 at 2:22PM
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 Batts Real Estate Group
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Investment Insights
Based on property information with market context.
At 5022 E 62nd Street, this 2,400-square-foot office building spans three parcels. The interior includes a reception area, an open business area, several offices, and a large private office with its own bathroom and shower. A separate restroom is also noted. The front parcel has a billboard under lease.
The property is positioned across from Hawthorn Plaza in a business area and is zoned Office. It is currently occupied by the owner, with possession subject to a minimum 60-day period.
The property is positioned across from Hawthorn Plaza in a business area and is zoned Office. It is currently occupied by the owner, with possession subject to a minimum 60-day period.
Key Highlights
- 2,400‑square‑foot office building on three parcels
- Large private office includes a bathroom and shower
- Front parcel has a leased billboard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,687
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,740
$633.7K
Cap Rate 7%
$452,671
$452.7K
Cap Rate 9%
$352,078
$352.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$9.6K −$4.00/SF
EGI
$42.2K $17.60/SF
− OpEx
−$10.6K −$4.40/SF
NOI
$31.7K $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%
$633,740
Cap Rate 7%
$452,671
Cap Rate 9%
$352,078
Alternative Uses
Best Use
Office B
$452.7K
$396.1K – $528.1K
NOI $31,687 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
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 building - Three parcels accommodate a reception area, open workspace, and several private offices.
Where is this office building located?
The property is located at 5022 E 62nd Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,400‑square‑foot office building on three parcels; Large private office includes a bathroom and shower; Front parcel has a leased billboard
