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    Property profile & analytics

    5251 East St Indianapolis, IN 46227

    • Office Properties & Spaces
    • 57,964 SF
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Breaking Walls Counseling / Doctor
    • ExtraDent / Computer Service
    • LittleStinkers-Pet Waste Removal / Waste Management Service / Lawn Care Service
    • Robin Campbell Builders / Construction Company
    • Executive home care llc / Home Health Care Service

    Property Details for 5251 East St

    Year built
    1987
    Property size
    57,964 SF
    Property type
    Office Properties & Spaces

    Description

    Zzone 31 offers exceptional executive office space in Indianapolis, Indiana, at 5251 S East St, 46227, conveniently located near US 31 and East Street. This two-building complex, constructed in 1987, boasts a total of 57,964 square feet and features two stories with elevator access. The property is zoned C3 and currently offers multiple tenancy options, with spaces ranging from a minimum of 290 square feet to a maximum contiguous space of 2,740 square feet

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1485
    Latitude
    39.6898

    Comparable in this City

    • Value Estimation by Request
      43,668 SF

      8320 Madison Ave

      OFFICE (GENERAL) • 43,668 SF
      8320 Madison Ave, Indianapolis, IN 46227-6066
      View Details
    • Value Estimation by Request
      1,037 SF

      3510 Keystone Ave Ste B

      OFFICE (GENERAL) • 1,037 SF
      3510 Keystone Ave Ste B, Indianapolis, IN 46227-3594
      View Details
    • Value Estimation by Request
      30,742 SF

      201 Epler Ave

      OFFICE (GENERAL) • 30,742 SF
      201 Epler Ave, Indianapolis, IN 46227-1924
      View Details
    • Value Estimation by Request
      17,182 SF

      4450 Keystone Ave

      OFFICE (GENERAL) • 17,182 SF
      4450 Keystone Ave, Indianapolis, IN 46227-4300
      View Details
    • Value Estimation by Request
      11,921 SF

      7202 Madison Ave

      OFFICE (GENERAL) • 11,921 SF
      7202 Madison Ave, Indianapolis, IN 46227-5208
      View Details
    • Value Estimation by Request
      8,534 SF

      8830 Southpointe Dr

      OFFICE (GENERAL) • 8,534 SF
      8830 Southpointe Dr, Indianapolis, IN 46227-0988
      View Details

    Similar Nearby for Sale

    • $750,000
      11,142 SF

      Indianapolis Office Building Investment Opportunity

      11,142 SF office building for sale in Indianapolis.
      5214 S East St, Indianapolis, IN 46227
      View Details
    • $499,000
      3,424 SF

      Indianapolis Office Building For Sale

      Office building with lighted pylon sign and US 31S frontage.
      7620 Us 31S, Indianapolis, IN 46227
      View Details
    • $2,100,000
      39,812 SF

      Indianapolis Office Building Investment Opportunity

      39,812 SF office building with below-market rents for sale.
      5224 S East St, Indianapolis, IN 46227
      View Details
    • $1,150,000
      8,004 SF

      Indianapolis Office Building For Sale

      8,004 SF office building with customizable interiors and flexible floorplans.
      5222 S East St, Indianapolis, IN 46227
      View Details
    • $499,000
      1,921 SF

      Indianapolis Office on US 31

      Office building with frontage on US 31 in Indianapolis.
      7530 Us 31S, Indianapolis, IN 46227
      View Details
    • $585,000
      1,680 SF

      Freestanding Building on High-Traffic Corridor

      Versatile commercial building with high visibility and easy access.
      6004 S East St, Indianapolis, IN 46227
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      9,938 SF

      Jamestowne Executive Suites: Indy

      Prime Indy executive office space available.
      6239 East St, Indianapolis, IN 46227
      View Details
    • $20 SF/Yr
      57,964 SF

      Prime Indy Executive Suites

      Modern office space, flexible sizes, great location.
      5251 East St, Indianapolis, IN 46227
      View Details
    • $15 SF/Yr
      1,225 SF

      Prime Indy Office Space

      1,225 sq ft Traditional Office
      3725 Southport Rd, Indianapolis, IN 46227
      View Details
    • $14 SF/Yr
      11,514 SF

      Madison Ave Office Suites

      Modern Greenwood Office Space Available
      8802 Madison Ave, Indianapolis, IN 46227
      View Details
    • $1,594 /Mo
      79,521 SF

      Adaptable Office and Retail Space

      Flexible commercial property with prime location and excellent connectivity.
      6401 S East St, Indianapolis, IN 46227
      View Details
    • $975 /Mo
      57,964 SF

      Indianapolis Office Space Available

      Office space available for rent in Indianapolis, Indiana.
      5251 S East St, Indianapolis, IN 46227
      View Details
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    5251 East St
    Indianapolis, IN 46227
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    Realmo Value Estimation

    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.

    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.

    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
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