Back to Search
Two-Building Flex Asset

7320 E 86th Street Indianapolis, IN 46256

New
7320 E 86th Street, Indianapolis, IN, 46256
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

Two-building flex property totaling 51,948 square feet on approximately 4.75 acres, fully occupied with tenant mix.

Property Size51,948 SF
Lot Size4.75 Acres
Price / SF$132.36
AddedJul 13
Days on Market3
Last RefreshJul 15 at 3:11 am

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

Listing date Jul 13, 2026

Source Crexi

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 Marcus & Millichap - Indianapolis


Investment Insights

Based on property information with market context.

Marcus & Millichap presents the 86th Street Business Park, a two-building flex asset totaling 51,948 square feet situated on approximately 4.75 acres on the northeast side of Indianapolis. The property is 100% occupied by a diverse mix of national, regional, and local tenants and has maintained high historical occupancy.

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
51,948 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 35.00%

Alternative Uses

Best Use
Office B
$9.80M
$8.57M – $11.43M (±1% cap)
NOI $685,869 @ 7.0% cap · market cap 9.97%
Second Best
Flex RnD
$7.29M
$6.38M – $8.51M (±1% cap)
NOI $510,545 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$12.93M
$11.31M – $15.09M (±1% cap)
NOI $905,142 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Rubicon Foods Big Box & Wholesale Store Dr Por Internet (Bike/Boat/Book/etc) Store National Programming Services University NPS Health Connect Doctor Nova Medical Centers Medical Clinic

Suggested Use

Real Estate Agency Restaurant Law Firm Parking Lot & Garage Storage Facility Bakery Dental Office Grocery & Convenience Store Grocery & Convenience Store Barber Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • International Food Catering Service — 6816 E 82nd St, Indianapolis, IN 46250
  • Paco's Taqueria - Food Truck — 6816 E 82nd St, Indianapolis, IN 46250

FAQs

What type of property is this?
Flex space - Two-building flex property totaling 51,948 square feet on approximately 4.75 acres, fully occupied with tenant mix.
Where is this flex space located?
The property is located at 7320 E 86th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $6,876,000.
What are key features of this property?
This property features: 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
Contact an agent
(317) 218-5334 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message