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    Broad Ripple Office Portfolio Title is generated by Realmo AI

    5236 Winthrop Ave, Indianapolis, IN

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    Four commercial office buildings in Broad Ripple, Indianapolis.

    Type:OFFICE
    Property size:
    5,907 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $237/SF
    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

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    Listing Contact
    Jess Lawhead, CCIM
    Jess Lawhead, CCIM

    Listing agent Jess Lawhead, CCIM License #RB14027154

    Listing office SVN | Northern Commercial

    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

    This portfolio includes four commercial office buildings totaling approximately 5,907 square feet of usable main-level office space on Winthrop Avenue in Broad Ripple, Indianapolis. All properties are zoned C-1 and offer office space suitable for a variety of professional uses. The location provides good visibility and convenient access to major roads and public transit, with nearby retail and dining options. This package offers flexibility for investors or businesses seeking office space in an active commercial area. One of the buildings, located at 5232 Winthrop Avenue, is a 940-square-foot building featuring a straightforward office layout suitable for small professional firms and includes a 459-square-foot unfinished basement. Another building, located at 5236 Winthrop Avenue, offers 720 square feet of usable office space on the main level and has a practical floor plan for professional use, along with a 500-square-foot unfinished basement and recent updates to the windows and roofing. The building at 5240 Winthrop Avenue is the largest main-level space in the portfolio at approximately 2,000 square feet and currently serves as the main office, featuring a layout well-suited for teams or businesses needing more room and a dedicated parking lot. The final building, located at 5260 Winthrop Avenue, offers 2,694 total square feet, with 1,347 square feet on the main level and 1,347 square feet in the basement, and is the only property in the portfolio with a finished and usable lower level.

    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
    5,907 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.11M
    $974.9K – $1.30M (±1% cap)
    NOI $77,990 @ 7.0% cap · market cap 5.57%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $102,924 @ 7.0% cap · market cap 7.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1421
    Latitude
    39.848

    FAQs

    What type of property is this?
    Office building - Four commercial office buildings in Broad Ripple, Indianapolis.
    Where is this office building located?
    The property is located at 5236 Winthrop Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 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.
    (317) 454-2241 Call to check price and availability
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