Northwest Indianapolis Office
8770 Purdue Rd, Indianapolis, IN 46268
Well-located office property in a high-demand commercial area.
Type:Office
Property size:
7,200 SFLot size:
0.71 AcresPrice / SF:
$152/SF- Added:
- Feb 17, 2026
- Days on Market:
- 94
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 8770 Purdue Rd
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 0.71 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing agent Justin Wiley License #IN
Listing office Berkshire Hathaway Homeservices
Listing date Feb 17, 2026
Source Crexi
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 Berkshire Hathaway Homeservices
HighLights
- Prime location in northwest Indianapolis near Michigan Rd, offering excellent visibility and accessibility.
- Flexible C4 zoning allows for various professional office, medical, or service‑based business uses.
- Divisible building with 24 offices, waiting rooms, meeting rooms, work areas, and a kitchen, suitable for multiple tenants or uses.
- Generous 0.71‑acre lot (30,971 SF) provides ample on‑site parking.
- Located in an established business corridor with strong demographics, nearby amenities, and easy access to major thoroughfares.
- Turnkey opportunity with possession available at closing.
Overview
Located in northwest Indianapolis, south of the Pyramids off Michigan Rd, this office property at 8770 Purdue Road offers an opportunity for owner-users or investors. Situated in Pike Township, the property includes 0.71 acres (30,971 SF) with C4 zoning, suitable for professional office, medical, or service-based businesses. The 7,200-square-foot building contains 24 offices, waiting rooms, 2 meeting rooms, 2 work areas, and 1 kitchen. The building is devisable into two spaces of approximately 2,000 and 5,200 square feet. The property is located in the College Park West area, with surrounding demographics, nearby retail and service amenities, and connectivity to major thoroughfares. The site provides visibility and accessibility. The lot size allows for on-site parking and access for clients, employees, and vendors. Possession is available at closing, presenting a turnkey opportunity to establish or enhance a business in the northwest Indianapolis market.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.06M
NOI $95,062 @ 9.00% cap · cautious / downside scenario
Moderate
$1.36M
NOI $95,062 @ 7.00% cap · market / base-case scenario
Aggressive
$1.90M
NOI $95,062 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $21.60 |
| − Vacancy | −$28.8k | −$4.00 |
| EGI | $126.7k | $17.60 |
| − OpEx | −$31.7k | −$4.40 |
| NOI | $95.1k | $13.20 |
7,200 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $95,062 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,453 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Stoops Carol A MD
Physician
Barr Elizabeth F ...
Physician
Zirkelbach Steven L ...
Physician
Smith David B ...
Physician
Patel Bipinchandr MD
Physician
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.220619
- Latitude
- 39.914946
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-located office property in a high-demand commercial area.
Where is this office building located?
The property is located at 8770 Purdue Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location in northwest Indianapolis near Michigan Rd, offering excellent visibility and accessibility.; Flexible C4 zoning allows for various professional office, medical, or service‑based business uses.; Divisible building with **24 offices, waiting rooms, meeting rooms, work areas, and a kitchen**, suitable for multiple tenants or uses.
