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    5726 Professional Cir Indianapolis, IN 46241

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    For Lease
    Contact for pricing

    Prime Office Space, I-465 Access

    Lot size:
    25,648 SF

    Property Features for 5726 Professional Cir

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,648 SF
    Class
    B
    Total Rate
    33663

    Building Details

    Year Built/Renovated
    1972/2011
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 5726 Professional Cir, Indianapolis, IN 46241 Contact us
    Unit Suite 2C

    $15 /Mo

    Size
    1,325 SF
    Contact us
    Unit Suite 2D

    $15 /Mo

    Size
    900 SF
    Contact us
    Unit Suite 2A

    $15 /Mo

    Size
    3,900 SF
    Contact us
    Unit Suite 2B

    $15 /Mo

    Size
    3,070 SF
    Contact us
    Unit Suite 1B

    $15 /Mo

    Size
    2,000 SF
    Contact us
    Unit Full Second Floor

    $15 /Mo

    Size
    12,500 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Chris Helft
    Chris Helft

    Listing Agency: Avison Young | Indianapolis Listing Agent: Chris Helft

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This two-story, Class B office building, totaling 25,648 square feet, offers flexible lease options ranging from 900 to 12,500 contiguous square feet. Currently, 13,454 square feet are available for lease in this multiple-tenant building situated on a 1.93-acre lot. Built in 1972 and renovated in 2011, the property boasts recently upgraded features including a high-efficiency HVAC system and LED lighting, further enhanced by a Building Energy Management System. Enjoy the convenience of ample free parking and the prominent visibility afforded by its location on Sam Jones Expressway, providing easy access to I-465 and I-70. The property is strategically located just 8 minutes from Indianapolis International Airport and 15 minutes from downtown Indianapolis. Monument signage opportunities are available, and building signage is negotiable. The property is zoned I3, CS, and its APN is 49-12-24-102-012.000-900. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space with modern amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conway Consultants Consultant Wynright Material Handling Equipment Supplier U.S. Small Business ... Federal Government Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2593042
    Latitude
    39.7305217

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    FAQs

    What type of property is this?
    Office property - Prime Office Space, I-465 Access
    Where is this office property located?
    The property is located at 5726 Professional Cir Indianapolis, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Up to 12,500 square feet available for lease.; Excellent visibility on Sam Jones Expressway with easy access to I-465 and I-70.; Located 8 minutes from Indianapolis International Airport and 15 minutes from downtown Indianapolis.
    (317) 210-8805 Call to check price and availability
    Request Owner's contact information
    5726 Professional Cir Indianapolis, IN 46241
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    Indianapolis, IN 46241
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5726 Professional Cir Indianapolis, IN 46241
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    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Helft
    Chris Helft
    Real Estate License ID: RC51500037
    (317) 210-8805 (317) 213-3246 (317) 210-8808
    Learn more
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