Professional Office Space
For Sale
Contact for pricing
5214-5226 S East St., Indianapolis, IN 46227
Move-in ready office complex in a prime, park-like setting.
Property Size41,104 SF
Price / SF$0.00
Days on Market262
Property Features for 5214-5226 S East St.
General Information
Standard status
Active
Size
41,104 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
41,104 SF
Year Built
1978
Properties For Sale
at 5214-5226 S East St. Contact usSuite A3
Size
1,230 SF
Term
Negotiable
Suite A7
Size
765 SF
Type
Office Condo
Term
Negotiable
Suite B9
Size
594 SF
Type
Office Condo
Term
Negotiable
Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Matt Ferguson · License #RB17000936
(317) 679-4046
Source:
Tcnworldwide
Added: Jan 27
Changed: Oct 4
Last Checked: Oct 14 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This professional office space, totaling 41,104 square feet, is comprised of Buildings A, B, C, D, and E. The complex offers variety and flexibility in a single location. The garden-style offices are set in a park-like environment with convenient parking and easy access for customers, clients, and employees. Each suite features abundant windows, flexible floor plans, and opportunities for customized build-out. Located off of US 31 and just south of I-465, on the south side of Indianapolis, the property is only six miles from Downtown Indianapolis. The location is in the fastest-growing suburb in the MSA.
Key Highlights
- Special 1st year lease rates.
- Prime location off US 31, near I‑465, and only 6 miles to Downtown Indianapolis.
- Move‑in ready office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$505,355
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,107,100
$10.1M
Cap Rate 7%
$7,219,357
$7.2M
Cap Rate 9%
$5,615,056
$5.6M
Market Conditions
NOI Build-Up for 41,104 SF
Gross rent
$823.7K $20.04/SF
− Vacancy
−$149.9K −$3.65/SF
EGI
$673.8K $16.39/SF
− OpEx
−$168.5K −$4.10/SF
NOI
$505.4K $12.29/SF
Area
ZIP 46227
Vacancy
18.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,107,100
Cap Rate 7%
$7,219,357
Cap Rate 9%
$5,615,056
Alternative Uses
Best Use
Office B
$7.22M
$6.32M – $8.42M
NOI $505,355 @ 7.0% cap · market cap 3,485,206.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.21M
$8.94M – $11.92M
NOI $714,993 @ 7.0% cap · market cap 4,930,986.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office complex in a prime, park-like setting.
Where is this office building located?
The property is located at 5214-5226 S East St. Indianapolis, IN.
What are key features of this property?
This property features: Special 1st year lease rates.; Prime location off US 31, near I‑465, and only 6 miles to Downtown Indianapolis.; Move‑in ready office space.
