Office Suite with Private
9721 Prairie Ave Highland, IN
9721 Prairie Ave, Highland, IN, 00000
$229,000
For Sale
$229,000
Office suite with multiple private offices, reception area, large windows, and ample on-site parking.
Property Size1,370 SF
Price / SF$167.15
Days on Market13
Property Features for 9721 Prairie Ave
General Information
- Standard status
- Active
- Size
- 1,370 SF
Listing agency
McCormick Real Estate, Inc.
(219) 613-5643
Listed by
Jeff McCormick · License #RB14033291
(219) 613-5643
Source
Exprealty
Added: Jul 10 Updated: Jul 22 at 5:15AM Checked: Jul 22 at 5:15AM
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 McCormick Real Estate, Inc.
Investment Insights
Based on property information with market context.
This office suite offers a flexible layout with multiple private offices, a welcoming reception area, and dedicated workspace options. Large windows provide natural light throughout the space, supporting a bright, professional work environment.
Located at 9721 Prairie Ave in Highland, IN, the property is described as highly visible and easily accessible along Prairie Avenue. It is just minutes from Indianapolis Blvd and positioned near major Highland retail corridors, with proximity to restaurants, shopping, and key transportation routes.
The building provides ample on-site parking to support smooth access for both staff and clients.
Located at 9721 Prairie Ave in Highland, IN, the property is described as highly visible and easily accessible along Prairie Avenue. It is just minutes from Indianapolis Blvd and positioned near major Highland retail corridors, with proximity to restaurants, shopping, and key transportation routes.
The building provides ample on-site parking to support smooth access for both staff and clients.
Key Highlights
- Office suite on Prairie Avenue with multiple private offices plus a welcoming reception area
- Large windows throughout for natural light
- Flexible layout with dedicated workspace options for different business needs
Local 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 | $19.7k | $14.40 |
| − Vacancy | −$3.2k | −$2.30 |
| EGI | $16.6k | $12.10 |
| − OpEx | −$4.1k | −$3.02 |
| NOI | $12.4k | $9.07 |
1,370 SF · lease $14.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$177.6K
$155.4K – $207.2K
NOI $12,429 @ 7.0% cap · market cap 5.43%
Second Best
Healthcare Medical
$177.6K
$155.4K – $207.2K
NOI $12,429 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$242.4K
$212.1K – $282.8K
NOI $16,966 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office suite with multiple private offices, reception area, large windows, and ample on-site parking.
Where is this office units located?
The property is located at 9721 Prairie Ave Highland, IN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Office suite on Prairie Avenue with multiple private offices plus a welcoming reception area; Large windows throughout for natural light; Flexible layout with dedicated workspace options for different business needs
