Two-Unit Office
For Sale
Contact for pricing
7376 Business Center Drive #A, Avon, IN 46123
One suite is configured for medical practice, while the other is occupied by a legal office tenant.
Property Size8,320 SF
Price / SF$0.90
Days on Market49
Property Features for 7376 Business Center Drive #A
General Information
Standard status
Active
Size
8,320 SF
Property subtype
Office
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Amenities
kitchen
laundry room
LED lighting
Building Details
Year Built
2008
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
REMAX ONE
(317) 839-4330
Listed By:
Anthony Marsiglio · License #RB14029573
(317) 430-0360
Source:
Locksteprealty
Added: Sep 17
Changed: Nov 3
Last Checked: Nov 3 at 8:22AM
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 REMAX ONE
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Investment Insights
Based on property information with market context.
This 8,320-square-foot office building contains two separate suites. The larger suite spans two levels and is arranged for medical office use; the second suite is configured as a legal office and is currently leased. A crawlspace provides access beneath the building for potential layout work. The larger suite has four HVAC units, while the smaller suite has one. Restrooms total four in the larger suite, including one upstairs, and one in the smaller suite. Additional features include a compact kitchen, a laundry room, and nine-foot ceilings on the main level. The upper floor is primarily used for storage and could also accommodate meetings.
The dimensional shingle roof was replaced in 2023, the main area was repainted in 2024, and lighting has been converted to LED. The property is located at 7376 Business Center Drive in Avon, Indiana.
The dimensional shingle roof was replaced in 2023, the main area was repainted in 2024, and lighting has been converted to LED. The property is located at 7376 Business Center Drive in Avon, Indiana.
Key Highlights
- 8,320‑square‑foot office building divided into two suites
- Larger suite is a two‑level medical office; smaller suite serves as a leased legal office
- Four HVAC units in the larger suite and one in the smaller suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,328
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,046,560
$2.0M
Cap Rate 7%
$1,461,829
$1.5M
Cap Rate 9%
$1,136,978
$1.1M
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$179.7K $21.60/SF
− Vacancy
−$9.2K −$1.10/SF
EGI
$170.5K $20.50/SF
− OpEx
−$68.2K −$8.20/SF
NOI
$102.3K $12.30/SF
Area
Hendricks County, IN
Vacancy
5.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,046,560
Cap Rate 7%
$1,461,829
Cap Rate 9%
$1,136,978
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,710 @ 7.0% cap · market cap 1,622.80%
Second Best
Healthcare Medical
$1.46M
$1.28M – $1.71M
NOI $102,328 @ 7.0% cap · market cap 1,364.37%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,198 @ 7.0% cap · market cap 1,949.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
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Business Placement
Demographics for 46123, IN
40,788
Population
16,543
Households
2.5
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
28.6 sq mi
ZIP Area
1,426
Density / Sq Mi
$102,989
Median Household Income
$51,285
Median Earnings
$1,467
Median Rent
$293,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - One suite is configured for medical practice, while the other is occupied by a legal office tenant.
Where is this office building located?
The property is located at 7376 Business Center Drive #A Avon, IN.
What are key features of this property?
This property features: 8,320‑square‑foot office building divided into two suites; Larger suite is a two‑level medical office; smaller suite serves as a leased legal office; Four HVAC units in the larger suite and one in the smaller suite
