Office Suite with Conference
For Sale
Contact for pricing
5162 E Stop 11 Road #4, Indianapolis, IN 46237
Separate reception and waiting areas provide a defined welcome for visiting clients.
Property Size1,250 SF
Price / SF$1.42
Days on Market18
Property Features for 5162 E Stop 11 Road #4
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office
Site & Location
Neighborhood
Southport
Building Details
Year Built
1995
Listing Agency:
Keller Williams Indy Metro Partners
(317) 882-5900
Listed By:
Shelly Johnson · License #RB14043056
(317) 430-6995
Source:
Locksteprealty
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 4:30PM
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 Keller Williams Indy Metro Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,250-square-foot office suite, built in 1995, includes two private offices, a kitchenette and a conference room. A reception area and a distinct waiting room round out the layout, alongside shared workspace for day-to-day operations.
Key Highlights
- 1,250‑square‑foot office suite
- Two private offices
- Conference room, kitchenette, reception area and separate waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,386
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,720
$287.7K
Cap Rate 7%
$205,514
$205.5K
Cap Rate 9%
$159,844
$159.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$24.8K $19.80/SF
− Vacancy
−$5.6K −$4.46/SF
EGI
$19.2K $15.35/SF
− OpEx
−$4.8K −$3.84/SF
NOI
$14.4K $11.51/SF
Area
ZIP 46237
Vacancy
22.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,720
Cap Rate 7%
$205,514
Cap Rate 9%
$159,844
Alternative Uses
Best Use
Office B
$205.5K
$179.8K – $239.8K
NOI $14,386 @ 7.0% cap · market cap 812.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 1,164.63%
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
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 46237, IN
44,378
Population
17,660
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
89%
High-School Grad
14.7 sq mi
ZIP Area
3,019
Density / Sq Mi
$76,676
Median Household Income
$47,742
Median Earnings
$1,272
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - Separate reception and waiting areas provide a defined welcome for visiting clients.
Where is this office unit located?
The property is located at 5162 E Stop 11 Road #4 Indianapolis, IN.
What are key features of this property?
This property features: 1,250‑square‑foot office suite; Two private offices; Conference room, kitchenette, reception area and separate waiting room
