Indianapolis Office Building Investment
5218 S East St Indianapolis, IN
For Sale
Contact for pricing
5,775 SF office building with customizable interiors and flexible floorplans.
Property Size5,775 SF
Lot Size1.15 Acres
Price / SF$147.19
Days on Market401
Property Features for 5218 S East St
General Information
Standard status
Active
Size
5,775 SF
Lot size
1.15 Acres
Property subtype
OFFICE
Listing Agency:
Premier Commercial Real Estate Services, Inc.
(317) 379-6334
Listed By:
Will Conway · License #RB17000936
(317) 379-6334
Source:
Moodyscre
Added: Jun 24, 2025
Changed: Jul 10
Last Checked: Jul 22 at 4:13AM
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.
Investment Insights
Based on property information with market context.
This 5,775 SF building located at 5218 S. East St. in Indianapolis is an ideal investment opportunity for office building investors. The property offers spaces ranging from 1,102 to 2,980 square feet. Customizable interiors and flexible floor plans provide control over workspace. The location is just off of US 31 and in close proximity to I-465. With below-market rents, investors can capitalize on this lucrative asset and tailor it to their specific needs, providing great long-term equity building.
Key Highlights
- Prime location just off US 31 and close to I‑465.
- Opportunity for long‑term equity building.
- Below‑market rents offer immediate investment potential.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.7k | $21.60 |
| − Vacancy | −$23.1k | −$4.00 |
| EGI | $101.7k | $17.60 |
| − OpEx | −$25.4k | −$4.40 |
| NOI | $76.2k | $13.20 |
5,775 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$953.1K – $1.27M
NOI $76,247 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,624 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 5,775 SF office building with customizable interiors and flexible floorplans.
Where is this office building located?
The property is located at 5218 S East St Indianapolis, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location just off US 31 and close to I‑465.; Opportunity for long‑term equity building.; Below‑market rents offer immediate investment potential.
