711 W Gardner DR, Marion, IN
Prime location office building with high visibility and ample parking.
- Added:
- Apr 16, 2024
- Days on Market:
- 796
- Last Refresh:
- May 20 at 9:41 pm
Property Features for 711 W Gardner DR
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 1.03 Acres
- Property subtype
- OFFICE
Listing agent Scott Schuler License #RB19000358 (317) 703-5880
Listing office Century 21 Commercial - Carmel (317) 703-5880
Listing date Apr 16, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Commercial - Carmel
HighLights
- Prime location with high visibility on state highway SR 9 and ease of access.
- +/- 11,000 sf building suitable for investor or owner use.
- Excellent condition.
- Many possible uses: flex, medical office, executive office, multi‑tenant suites.
- Public friendly floorplan inside and out.
- Ample on‑site parking.
Overview
Local 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 | $170.3k | $15.48 |
| − Vacancy | −$37.0k | −$3.36 |
| EGI | $133.3k | $12.12 |
| − OpEx | −$33.3k | −$3.03 |
| NOI | $100.0k | $9.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Grant
- State
- Indiana
- Longitude
- -85.6688
- Latitude
- 40.5796
