5236 Winthrop Ave, Indianapolis, IN
Four commercial office buildings in Broad Ripple, Indianapolis.
- Added:
- Jul 17, 2025
- Days on Market:
- 332
- Last Refresh:
- May 20 at 8:01 pm
Property Features for 5236 Winthrop Ave
General Information
- Standard status
- Active
- Size
- 5,907 SF
- Lot size
- 0.64 Acres
- Property subtype
- OFFICE
Listing agent Jess Lawhead, CCIM License #RB14027154 (317) 454-2241
Listing office SVN | Northern Commercial (317) 454-2241
Listing date Jul 17, 2025
Source Moodyscre
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 SVN | Northern Commercial
HighLights
- Portfolio of four commercial office buildings totaling 5,907 square feet in Broad Ripple.
- Includes a building with a finished and usable 1,347 square foot lower level (5260 Winthrop Avenue).
- Zoned C‑1, suitable for a variety of professional office uses.
- One building (5240 Winthrop Avenue) features a dedicated parking lot.
- Located on Winthrop Avenue, offering good visibility and convenient access to major roads and public transit.
- One building (5236 Winthrop Avenue) has recent updates to windows and roofing.
Overview
Local 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 | $127.6k | $21.60 |
| − Vacancy | −$23.6k | −$4.00 |
| EGI | $104.0k | $17.60 |
| − OpEx | −$26.0k | −$4.40 |
| NOI | $78.0k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1421
- Latitude
- 39.848