Fire Station Flex
7731 Traders Lane Indianapolis, IN 46278
For Sale
Contact for pricing
Renovated flex building with office space and a garage area featuring 13-foot ceiling height and ample parking.
Property Size4,148 SF
Price / SF$150.68
Days on Market80
Property Features for 7731 Traders Lane
General Information
- Standard status
- Active
- Size
- 4,148 SF
- Property subtype
- Retail, Office, Special Purpose
Listing Agency:
Carpenter Realtors, Inc.
(317) 847-2695
Listed By:
Jennifer Blandford · License #RB14029201
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 23 at 4:51AM
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 Carpenter Realtors, Inc.
Investment Insights
Based on property information with market context.
This former fire station flex building totals more than 4,000 square feet under roof and includes approximately 1,800 square feet of garage space with a 13-foot ceiling height. The interior also offers 4–5 private offices, a conference room, a kitchen, and 2 bathrooms, along with abundant storage and workshop space. The building has been renovated (2015) and has a recent re-roof, and it is described as move-in ready, while the property size and land are noted as worth considering for alterations to fit a new user’s needs.
The property is located just south of 86th & Lafayette Rd on Indianapolis’ NW side, with ample road frontage providing high traffic visibility. The remarks also note abundant parking and a park-like feel in the surrounding area.
The current use is described as a video imaging studio, and the layout supports a range of creative or operational end uses where garage access and office support space are valuable.
The property is located just south of 86th & Lafayette Rd on Indianapolis’ NW side, with ample road frontage providing high traffic visibility. The remarks also note abundant parking and a park-like feel in the surrounding area.
The current use is described as a video imaging studio, and the layout supports a range of creative or operational end uses where garage access and office support space are valuable.
Key Highlights
- Former fire station offering over 4,000 SF under roof with nearly 1,800 SF of garage space.
- Garage/workshop area has 13‑foot ceiling height for added storage and production flexibility.
- Includes 4–5 private offices plus a conference room, kitchen, and 2 bathrooms.
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 | $89.6k | $21.60 |
| − Vacancy | −$16.6k | −$4.00 |
| EGI | $73.0k | $17.60 |
| − OpEx | −$18.3k | −$4.40 |
| NOI | $54.8k | $13.20 |
4,148 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$782.4K
$684.6K – $912.8K
NOI $54,766 @ 7.0% cap · market cap 8.76%
Second Best
Flex RnD
$582.4K
$509.6K – $679.5K
NOI $40,767 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.03M
$903.4K – $1.20M
NOI $72,275 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Invention Pictures, Inc.
Film Production
Creative Zombie Studios
Media Distribution
FAQs
What type of property is this?
Flex space - Renovated flex building with office space and a garage area featuring 13-foot ceiling height and ample parking.
Where is this flex space located?
The property is located at 7731 Traders Lane Indianapolis, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Former fire station offering over 4,000 SF under roof with nearly 1,800 SF of garage space.; Garage/workshop area has 13‑foot ceiling height for added storage and production flexibility.; Includes 4–5 private offices plus a conference room, kitchen, and 2 bathrooms.
