Mixed-Use Office Live-Work
8701 Founders Rd Indianapolis, IN 46268
For Sale
Contact for pricing
9,114 SF building on 1.58 acres with upper-level rooms and full bathrooms, zoned C4 and DP.
Property Size9,114 SF
Lot Size1.58 Acres
Price / SF$142.64
Days on Market119
Property Features for 8701 Founders Rd
General Information
Standard status
Active
Size
9,114 SF
Lot size
1.58 Acres
Property subtype
OFFICE
Listing Agency:
Halakar, LLC
(317) 496-0202
Listed By:
Joshua D. Abrams · License #RB16001906
(317) 496-0202
Source:
Moodyscre
Added: Apr 2
Changed: Jul 26
Last Checked: Jul 28 at 4:02PM
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 Halakar, LLC
Investment Insights
Based on property information with market context.
This mixed-use office live-work building totals 9,114 square feet and sits on 1.58 acres. The upper level includes four rooms, each with a full bathroom. The overall property is laid out to support a residential-related use in a small portion of the building alongside office-oriented space.
The building is located on the northwest side of Indianapolis in the College Park submarket. It is zoned C4 and DP, offering flexibility for an owner-user seeking a property that can accommodate both commercial space and a residential-related component.
With the space organized across the main building footprint and the upper level’s four-room layout, this offering provides a defined interior configuration within a zoning framework that supports multiple use directions.
The building is located on the northwest side of Indianapolis in the College Park submarket. It is zoned C4 and DP, offering flexibility for an owner-user seeking a property that can accommodate both commercial space and a residential-related component.
With the space organized across the main building footprint and the upper level’s four-room layout, this offering provides a defined interior configuration within a zoning framework that supports multiple use directions.
Key Highlights
- 9,114 SF building on 1.58 acres with an upper‑level setup
- Upper level includes four rooms, each with a full bathroom
- Zoned C4 and DP for flexible use
Financial Insights For Mixed Use
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 | $196.9k | $21.60 |
| − Vacancy | −$19.7k | −$2.16 |
| EGI | $177.2k | $19.44 |
| − OpEx | −$66.4k | −$7.29 |
| NOI | $110.7k | $12.15 |
9,114 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.01M
NOI $120,332 @ 7.0% cap · market cap 9.26%
Second Best
Mixed Use
$1.58M
$1.38M – $1.85M
NOI $110,735 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,802 @ 7.0% cap · market cap 12.22%
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 - 9,114 SF building on 1.58 acres with upper-level rooms and full bathrooms, zoned C4 and DP.
Where is this office building located?
The property is located at 8701 Founders Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9,114 SF building on 1.58 acres with an upper‑level setup; Upper level includes four rooms, each with a full bathroom; Zoned C4 and DP for flexible use
