Office Building with Major Road
5905 Decatur Blvd. Indianapolis, IN 46241
For Sale
Contact for pricing
Office building in Ameriplex Business Park with convenient access to I-70, I-465, and the Indianapolis International Airport.
Property Size30,090 SF
Price / SF$166
Days on Market119
Property Features for 5905 Decatur Blvd.
General Information
- Standard status
- Active
- Size
- 30,090 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency:
Bradley Company Indianapolis
Listed By:
JoLynn Shallop Wright · License #RB23002042
Source:
Crexi
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 10:15AM
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 Bradley Company Indianapolis
Investment Insights
Based on property information with market context.
Located at 5905 Decatur Blvd. in Indianapolis, this office building sits in the heart of the Ameriplex Business Park. The property is positioned for straightforward access to key regional routes, supporting day-to-day commuting and business travel needs.
The site is easily accessible from I-70 and I-465, and it offers direct access to the Indianapolis International Airport without accessing the freeway. This connectivity can simplify airport travel for visiting clients, contractors, and staff while keeping local circulation straightforward.
The offering is presented for sale.
The site is easily accessible from I-70 and I-465, and it offers direct access to the Indianapolis International Airport without accessing the freeway. This connectivity can simplify airport travel for visiting clients, contractors, and staff while keeping local circulation straightforward.
The offering is presented for sale.
Key Highlights
- Office building built in 2006
- Located in Ameriplex Business Park
- Convenient access to I‑70 and I‑465
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 | $649.9k | $21.60 |
| − Vacancy | −$120.2k | −$4.00 |
| EGI | $529.7k | $17.60 |
| − OpEx | −$132.4k | −$4.40 |
| NOI | $397.3k | $13.20 |
30,090 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.68M
$4.97M – $6.62M
NOI $397,278 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.49M
$6.55M – $8.74M
NOI $524,288 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Associated
Logistics Service
FAQs
What type of property is this?
Office building - Office building in Ameriplex Business Park with convenient access to I-70, I-465, and the Indianapolis International Airport.
Where is this office building located?
The property is located at 5905 Decatur Blvd. Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Office building built in 2006; Located in Ameriplex Business Park; Convenient access to I‑70 and I‑465
