Single-Story Office
For Sale
Contact for pricing
8415 E 56th St, Indianapolis, IN 46216
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 Market478
Property Features for 8415 E 56th St
General Information
Standard status
Active
Size
15,271 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Lawrence
Listing Agency:
Lee & Associates | Indianapolis
(317) 844-2700
Listed By:
Spero G. Pulos · License #INST200755
(317) 218-1033
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:06AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$201,623
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,032,460
$4.0M
Cap Rate 7%
$2,880,329
$2.9M
Cap Rate 9%
$2,240,256
$2.2M
Market Conditions
NOI Build-Up for 15,271 SF
Gross rent
$329.9K $21.60/SF
− Vacancy
−$61.0K −$4.00/SF
EGI
$268.8K $17.60/SF
− OpEx
−$67.2K −$4.40/SF
NOI
$201.6K $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%
$4,032,460
Cap Rate 7%
$2,880,329
Cap Rate 9%
$2,240,256
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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Business Placement
Demographics for 46216, IN
2,343
Population
1,509
Households
1.6
Avg Household Size
47
Median Age
52%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
756
Density / Sq Mi
$56,838
Median Household Income
$44,399
Median Earnings
$1,282
Median Rent
$253,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
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
