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5640 Caito Dr, Indianapolis, IN 46226

Professionally managed office building offering private offices, open work areas, and conference space with ample on-site parking.

Space Size1,612 SF - 9,000 SF
Days on Market48

Property Features for 5640 Caito Dr

General Information

Standard status Active
Size 1,612 SF - 9,000 SF
Property subtype OFFICE
Lease Type Modified Gross

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Space Use Office

Building Details

Tenancy Multi

Spaces For Lease

at 5640 Caito Dr Contact us

5660 Caito Dr $15/SF/Yr

Floor
1
Size
1,612 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- New ownership and management - New updates including parking lot, landscaping and...
show more
Contact us

5660 Caito Dr $15/SF/Yr

Floor
1
Size
1,800 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- New ownership and management - New updates including parking lot, landscaping and...
show more
Contact us

5660 Caito Dr $15/SF/Yr

Floor
1
Size
9,000 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- New ownership and management - New updates including parking lot, landscaping and...
show more
Contact us
Listing Agency: Premier Commercial Real Estate Services, Inc.
Listed By: Matt Ferguson · License #RB17000936
Source: Moodyscre
Added: Jul 28 Changed: Sep 4 Last Checked: Sep 12 at 7:05AM

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 multi-tenant office building features flexible suite sizing with a mix of private offices, open work areas, and conference space. The property is under new ownership and management, with recent updates that include parking lot and landscaping, along with exterior improvements styled as garden-style suites.

Conveniently accessed from Shadeland Avenue, the building is located minutes from I-465 and I-70, providing an easy commute to Downtown Indianapolis. The central northeast setting is positioned near retail, restaurants, and service amenities, supporting day-to-day tenant needs.

Suites are designed to accommodate a variety of office layouts based on the space configuration, with on-site parking available for both tenants and visitors.

Key Highlights

  • Professionally managed multi‑tenant office building with flexible suite sizing options
  • Suites include a mix of private offices, open work areas, and conference space
  • Ample on‑site parking for tenants and visitors

Property Analytics

Current Use

Promise Prep High School Lynn Black Elementary ... High School

Suggested Use

Top Pick Restaurant Dental Office Law Firm Real Estate Agency Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby

Demographics for 46226, IN

43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$27.49 /SF/Yr
Avg Asking Price
$1.97–$275 /SF/Yr
Price Range
7,608 SF
Avg Space Size

This space is priced 45% below the average of $27.49 /SF/Yr.

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Professionally managed office building offering private offices, open work areas, and conference space with ample on-site parking.
Where is this office units located?
The property is located at 5640 Caito Dr Indianapolis, IN.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Professionally managed multi‑tenant office building with flexible suite sizing options; Suites include a mix of private offices, open work areas, and conference space; Ample on‑site parking for tenants and visitors
(317) 679-4046 Call to check price and availability
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