Corner-Lot Office
For Sale
$299,000
6570 Carrollton Ave, Indianapolis, IN 46220
Corner-lot office suite with two private offices, conference room, and two bathrooms including a shower.
Property Size1,010 SF
Price / SF$296.04
Days on Market183
Property Features for 6570 Carrollton Ave
General Information
Standard status
Active
Size
1,010 SF
Site & Location
Neighborhood
Broad Ripple
Building Details
Year Built
1887
Listing Agency:
F.C. Tucker Company
Listed By:
Annie Scott · License #RB15000739
(317) 843-7766
Source:
Mcwatersrealestate
Added: Apr 24
Changed: Oct 13
Last Checked: Oct 7 at 1:12PM
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 F.C. Tucker Company
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Investment Insights
Based on property information with market context.
Located at 6570 Carrollton Avenue in Indianapolis, this corner-lot commercial property offers an office-suite configuration currently occupied by a CPA firm. The interior layout includes two large private offices, a conference room, a dedicated work area, and two bathrooms, one of which includes a shower.
The property is positioned directly across from Opti-Park and Park 66 Flats and is described as being just one block from the Monon Trail. This setting provides regular daily visibility tied to the surrounding multi-family presence and the trail’s pedestrian and recreational activity.
Overall, the space is arranged to support private office work alongside meeting and shared work functions, with restroom amenities designed for in-office convenience.
The property is positioned directly across from Opti-Park and Park 66 Flats and is described as being just one block from the Monon Trail. This setting provides regular daily visibility tied to the surrounding multi-family presence and the trail’s pedestrian and recreational activity.
Overall, the space is arranged to support private office work alongside meeting and shared work functions, with restroom amenities designed for in-office convenience.
Key Highlights
- Corner‑lot commercial property at Carrollton Avenue and East 66th Street in Broad Ripple
- Currently occupied by a CPA firm
- Interior layout includes two large private offices, a conference room, and a dedicated work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,335
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,700
$266.7K
Cap Rate 7%
$190,500
$190.5K
Cap Rate 9%
$148,167
$148.2K
Market Conditions
NOI Build-Up for 1,010 SF
Gross rent
$21.8K $21.60/SF
− Vacancy
−$4.0K −$4.00/SF
EGI
$17.8K $17.60/SF
− OpEx
−$4.4K −$4.40/SF
NOI
$13.3K $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%
$266,700
Cap Rate 7%
$190,500
Cap Rate 9%
$148,167
Alternative Uses
Best Use
Office B
$190.5K
$166.7K – $222.3K
NOI $13,335 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
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Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
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Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - Corner-lot office suite with two private offices, conference room, and two bathrooms including a shower.
Where is this office unit located?
The property is located at 6570 Carrollton Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Corner‑lot commercial property at Carrollton Avenue and East 66th Street in Broad Ripple; Currently occupied by a CPA firm; Interior layout includes two large private offices, a conference room, and a dedicated work area
