7320 E 86th Street Indianapolis, IN 46256
Two-building flex property totaling 51,948 square feet on approximately 4.75 acres, fully occupied with tenant mix.
Property Features for 7320 E 86th Street
General Information
- Standard status
- Active
- Size
- 51,948 SF
- Lot size
- 4.75 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing office Marcus & Millichap - Indianapolis (317) 218-5334
Listing date Jul 13, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The business park offers direct access to I-69, the primary corridor connecting northern and southern Indiana to downtown Indianapolis, with over 162,311 vehicles per day. It also benefits from dual interstate connectivity via I-69 and I-465, providing metro-wide accessibility from multiple directions.
The park is adjacent to Fishers, Indiana, a fast-growing community supporting sustained demand for professional flex and office space in this corridor. The development is also about 4.5 miles from The Yard at Fishers District, which is anchored by IKEA, Portillo’s, Shake Shack, and the Fishers Event Center.
Key Highlights
- Two‑building flex property totaling 51,948 SF on approximately 4.75 acres
- Year built 2001
- 100% occupied by a diverse mix of national, regional, and local tenants
Local Financial Insights For Flex RnD
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 | $872.7k | $16.80 |
| − Vacancy | −$87.3k | −$1.68 |
| EGI | $785.5k | $15.12 |
| − OpEx | −$274.9k | −$5.29 |
| NOI | $510.5k | $9.83 |
Alternative Uses
Property Analytics
Current Use by Public Records
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