7110 Madison Avenue Indianapolis, IN 46227
Two buildings on 0.64 acres with C3 zoning.
- Added:
- Oct 29, 2024
- Days on Market:
- 622
- Last Refresh:
- Jun 29 at 4:24 pm
Property Features for 7110 Madison Avenue
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Lot size
- 0.64 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing office (317) 652-7498
Listing date Oct 29, 2024
Source Xome
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Investment Insights
Based on property information with market context.
Key Highlights
- C3 Zoning: Ideal for a wide range of commercial ventures.
- Prime Location: Situated in a high‑traffic area near Greenwood Park Mall, retail stores, and restaurants.
- Excellent Accessibility: Easy access to I‑65 and I‑465.
Local Financial Insights For Mixed Use
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 | $28.1k | $21.60 |
| − Vacancy | −$3.4k | −$2.59 |
| EGI | $24.7k | $19.01 |
| − OpEx | −$9.3k | −$7.13 |
| NOI | $15.4k | $11.88 |