Zoned Office Building with
8007 S Meridian St Indianapolis, IN 46227
For Sale
Contact for pricing
Built in 1973, this 3,135 SF C-1 office building offers ample door-to-door parking and strong roadway exposure.
Property Size3,135 SF
Lot Size0.29 Acres
Price / SF$159.17
Days on Market91
Property Features for 8007 S Meridian St
General Information
Standard status
Active
Size
3,135 SF
Lot size
0.29 Acres
Property subtype
OFFICE
Listing Agency:
Avison Young | Indianapolis
(317) 213-3246
Listed By:
Chris Helft · License #RB15000975
(317) 213-3246
Source:
Moodyscre
Added: Apr 30
Changed: Jul 28
Last Checked: Jul 28 at 3:34PM
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 Avison Young | Indianapolis
Investment Insights
Based on property information with market context.
This 3,135± SF office building sits on a 0.29-acre lot and was built in 1973. The property is zoned C-1 and is configured to provide ample parking that comes to the building, supporting convenient day-to-day access for occupants and visitors.
The building is located with an average daily traffic count of 30,698 vehicles (2024). It is approximately a seven-minute drive from Community Hospital South and is adjacent to Perry Meridian’s Middle and High School.
Served as an owner-occupier or investment opportunity, the property is offered for sale. Sale price listed is $600,000.
The building is located with an average daily traffic count of 30,698 vehicles (2024). It is approximately a seven-minute drive from Community Hospital South and is adjacent to Perry Meridian’s Middle and High School.
Served as an owner-occupier or investment opportunity, the property is offered for sale. Sale price listed is $600,000.
Key Highlights
- 3,135± SF building on a 0.29‑acre lot
- Built in 1973; zoned C‑1
- 30,698 vehicles average daily traffic count (2024)
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 | $62.8k | $20.04 |
| − Vacancy | −$11.4k | −$3.65 |
| EGI | $51.4k | $16.39 |
| − OpEx | −$12.8k | −$4.10 |
| NOI | $38.5k | $12.29 |
3,135 SF · lease $20.04/SF/yr · vacancy 18.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$550.6K
$481.8K – $642.4K
NOI $38,543 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$779.0K
$681.7K – $908.9K
NOI $54,532 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Built in 1973, this 3,135 SF C-1 office building offers ample door-to-door parking and strong roadway exposure.
Where is this office building located?
The property is located at 8007 S Meridian St Indianapolis, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,135± SF building on a 0.29‑acre lot; Built in 1973; zoned C‑1; 30,698 vehicles average daily traffic count (2024)
