Single-Story Office
8415 E 56th St Indianapolis, IN 46216
For Sale
Contact for pricing
Single-story office building on a paved, on-site parking lot with private offices, conference rooms, open workspaces, and support areas.
Property Size15,271 SF
Price / SF$179.75
Days on Market387
Property Features for 8415 E 56th St
General Information
Standard status
Active
Size
15,271 SF
Property subtype
OFFICE
Listing Agency:
Lee & Associates | Indianapolis
(317) 218-1033
Listed By:
Spero G. Pulos · License #INST200755
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Jul 27
Last Checked: Jul 29 at 2:02PM
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 Lee & Associates | Indianapolis
Investment Insights
Based on property information with market context.
8415 E 56th Street is a single-story, 15,271-square-foot office building built in 2000 on a 2-acre parcel. The space is fully built out with a mix of private offices, conference rooms, open workspaces, and support areas including a break room and restrooms.
The site includes paved, on-site parking and well-maintained landscaping. The property is located in the Fort Benjamin Harrison area of Indianapolis.
This offering provides a complete office configuration designed for day-to-day workplace use, with multiple room types and shared support facilities already in place.
The site includes paved, on-site parking and well-maintained landscaping. The property is located in the Fort Benjamin Harrison area of Indianapolis.
This offering provides a complete office configuration designed for day-to-day workplace use, with multiple room types and shared support facilities already in place.
Key Highlights
- Single‑story 15,271 SF office building on a 2‑acre parcel in the Fort Benjamin Harrison area of Indianapolis
- Built in 2000 with a fully built‑out layout including private offices, conference rooms, open workspaces, and support areas
- Includes a break room and restrooms, plus other support areas for day‑to‑day operations
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 | $329.9k | $21.60 |
| − Vacancy | −$61.0k | −$4.00 |
| EGI | $268.8k | $17.60 |
| − OpEx | −$67.2k | −$4.40 |
| NOI | $201.6k | $13.20 |
15,271 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,623 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.43M
NOI $266,082 @ 7.0% cap · market cap 9.69%
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 - Single-story office building on a paved, on-site parking lot with private offices, conference rooms, open workspaces, and support areas.
Where is this office building located?
The property is located at 8415 E 56th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,745,000.
What are key features of this property?
This property features: Single‑story 15,271 SF office building on a 2‑acre parcel in the Fort Benjamin Harrison area of Indianapolis; Built in 2000 with a fully built‑out layout including private offices, conference rooms, open workspaces, and support areas; Includes a break room and restrooms, plus other support areas for day‑to‑day operations
