Ground-Floor Office
For Sale
Contact for pricing
8383 Craig Street #130, Indianapolis, IN 46250
A furnished office layout includes private work areas, shared meeting space, a kitchenette, and four restrooms.
Property Size80,000 SF
Price / SF$0.06
Days on Market57
Property Features for 8383 Craig Street #130
General Information
Standard status
Active
Size
80,000 SF
Property subtype
Office
Site & Location
Neighborhood
Castleton
Additional Details
Floor
Ground Floor
Office Units
1
Amenities
9 individual offices
Conference Rooms
Break room
Kicthenette
4 Restrooms
Building Details
Year Built
1987
Listing Agency:
McClure Commercial&Industrial
(317) 722-6700
Listed By:
Ted McClure · License #RB14024675.
(317) 457-0577
Source:
Locksteprealty
Added: Sep 4
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
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 McClure Commercial&Industrial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ground-floor office suite 130 at 8383 Craig Street offers nine individual offices, conference rooms, a break room, a kitchenette, and four restrooms. Furniture is included if desired and is described as almost new. The suite is in very nice condition, with parking at the door.
The building was constructed in 1987. A lease term of at least 36 months is required, subject to landlord approval of the tenant’s financials.
The building was constructed in 1987. A lease term of at least 36 months is required, subject to landlord approval of the tenant’s financials.
Key Highlights
- Nine individual offices, conference rooms, a break room, and a kitchenette
- Four restrooms in a ground‑floor office suite
- Parking at the door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,056,240
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,124,800
$21.1M
Cap Rate 7%
$15,089,143
$15.1M
Cap Rate 9%
$11,736,000
$11.7M
Market Conditions
NOI Build-Up for 80,000 SF
Gross rent
$1.73M $21.60/SF
− Vacancy
−$319.7K −$4.00/SF
EGI
$1.41M $17.60/SF
− OpEx
−$352.1K −$4.40/SF
NOI
$1.06M $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,124,800
Cap Rate 7%
$15,089,143
Cap Rate 9%
$11,736,000
Alternative Uses
Best Use
Office B
$15.09M
$13.20M – $17.60M
NOI $1,056,240 @ 7.0% cap · market cap 23,414.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.91M
$17.42M – $23.23M
NOI $1,393,920 @ 7.0% cap · market cap 30,900.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 46250, IN
19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Office unit - A furnished office layout includes private work areas, shared meeting space, a kitchenette, and four restrooms.
Where is this office unit located?
The property is located at 8383 Craig Street #130 Indianapolis, IN.
What are key features of this property?
This property features: Nine individual offices, conference rooms, a break room, and a kitchenette; Four restrooms in a ground‑floor office suite; Parking at the door
