7423 E 82ND ST Indianapolis, IN 46256
Single-story commercial building with approximately 120 feet of frontage and dedicated parking, positioned for neighborhood commercial uses.
Property Features for 7423 E 82ND ST
General Information
- Standard status
- Active
- Size
- 1,566 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1960
Listing office Encore Sotheby's International Realty
Listing date Jul 9, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The building is positioned along East 82nd St with approximately 120 feet of frontage and a monument sign. Parking includes 6 spaces in front of the building, with an additional 6–8 spaces in the rear, plus room to expand the parking lot.
Zoned C-1 (Neighborhood Commercial), the property allows for a broad range of professional office and neighborhood commercial uses, including insurance, legal, accounting, financial services, real estate, medical or dental offices, counseling, personal services, boutique retail, and other compatible commercial uses. Convenient access to I-465 and I-69 places it within about a 15–30 minute drive of downtown Indianapolis and many northern and eastern suburbs.
Key Highlights
- Single‑story commercial building (built 1960) with ~120 ft frontage along E 82nd St.
- Located on a high‑traffic stretch of E 82nd St (~44,000 vehicles/day) with a monument sign.
- Parking includes 6 spaces in front plus 6–8 in the rear and room to expand the parking lot.
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 | $33.8k | $21.60 |
| − Vacancy | −$6.3k | −$4.00 |
| EGI | $27.6k | $17.60 |
| − OpEx | −$6.9k | −$4.40 |
| NOI | $20.7k | $13.20 |
