Freestanding Medical Office
For Sale
Contact for pricing
5386 W 10th Street, Indianapolis, IN 46224
A single-story building provides exclusive occupancy and a dedicated identity for a medical or professional practice.
Property Size1,716 SF
Price / SF$1.33
Days on Market42
Property Features for 5386 W 10th Street
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Office
Site & Location
Neighborhood
Speedway
Additional Details
Property Use
Medical Office
Building Details
Year Built
1946
Buildings
1
Stories
1
Building Size
1,716 SF
Tenancy
Single
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty
(317) 218-9625
Source:
Locksteprealty
Added: Sep 19
Changed: Oct 28
Last Checked: Oct 28 at 3:41PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 1,716 square feet in a single-story layout, with the entire building available to one occupant. Signage opportunity and a standalone building identity distinguish it from a multi-tenant office setting. Built in 1946, the property is located at 5386 W 10th Street in Indianapolis.
The site is on the west side of Indianapolis near Speedway, with access to major thoroughfares. Its configuration supports medical and professional office use.
The site is on the west side of Indianapolis near Speedway, with access to major thoroughfares. Its configuration supports medical and professional office use.
Key Highlights
- 1,716‑square‑foot freestanding medical office building
- Single‑story layout with exclusive occupancy of the entire building
- Signage opportunity at 5386 W 10th Street, Indianapolis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,656
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,120
$453.1K
Cap Rate 7%
$323,657
$323.7K
Cap Rate 9%
$251,733
$251.7K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$37.1K $21.60/SF
− Vacancy
−$6.9K −$4.00/SF
EGI
$30.2K $17.60/SF
− OpEx
−$7.6K −$4.40/SF
NOI
$22.7K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,120
Cap Rate 7%
$323,657
Cap Rate 9%
$251,733
Alternative Uses
Best Use
Healthcare Medical
$324.8K
$284.2K – $378.9K
NOI $22,734 @ 7.0% cap · market cap 993.62%
Second Best
Office B
$323.7K
$283.2K – $377.6K
NOI $22,656 @ 7.0% cap · market cap 990.21%
Theoretical Best
Office A
$427.1K
$373.8K – $498.3K
NOI $29,900 @ 7.0% cap · market cap 1,306.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46224, IN
38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,392
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Medical Office Space - A single-story building provides exclusive occupancy and a dedicated identity for a medical or professional practice.
Where is this medical office space located?
The property is located at 5386 W 10th Street Indianapolis, IN.
What are key features of this property?
This property features: 1,716‑square‑foot freestanding medical office building; Single‑story layout with exclusive occupancy of the entire building; Signage opportunity at 5386 W 10th Street, Indianapolis
