Recently Renovated Office
6219 Guilford Ave Indianapolis, IN 46220
For Sale
Contact for pricing
Recently renovated office building with full air conditioning and 16 dedicated parking spaces.
Property Size8,488 SF
Price / SF$318.10
Days on Market140
Property Features for 6219 Guilford Ave
General Information
Standard status
Active
Size
8,488 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Indianapolis
(317) 414-4874
Listed By:
Bennett M. Williams
(317) 414-4874
Source:
Moodyscre
Added: Mar 12
Changed: Jul 28
Last Checked: Jul 29 at 1:28PM
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 Cushman & Wakefield | Indianapolis
Investment Insights
Based on property information with market context.
Recently renovated office building offering fully air-conditioned space configured for office use. The property includes 16 dedicated auto parking spaces.
Located in the heart of Broad Ripple, the building is positioned near area amenities. Public remarks also indicate abundant surrounding area amenities.
With its recent updates, complete HVAC support, and on-site parking, the property is suited for office occupants seeking a turnkey, comfort-focused environment.
Located in the heart of Broad Ripple, the building is positioned near area amenities. Public remarks also indicate abundant surrounding area amenities.
With its recent updates, complete HVAC support, and on-site parking, the property is suited for office occupants seeking a turnkey, comfort-focused environment.
Key Highlights
- Recently renovated office building
- Fully air‑conditioned
- 16 dedicated auto parking spaces
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 | $183.3k | $21.60 |
| − Vacancy | −$33.9k | −$4.00 |
| EGI | $149.4k | $17.60 |
| − OpEx | −$37.4k | −$4.40 |
| NOI | $112.1k | $13.20 |
8,488 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,067 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,895 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office building with full air conditioning and 16 dedicated parking spaces.
Where is this office building located?
The property is located at 6219 Guilford Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Recently renovated office building; Fully air‑conditioned; 16 dedicated auto parking spaces
