Property profile

3815 River Crossing Pkwy Indianapolis, IN 46240

FOR LEASE
Parking lots & garages
Property ID
US31-0689418
63,360 SF 4.43 ac lot Built 1999
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This Class A office building, located at 3815 River Crossing Parkway Suite 100, Indianapolis, IN 46240, offers 16,142 square feet of versatile workspace. The property features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available for lease. Renovated in 2019, the building includes elevators and caters to various business needs, including executive offices, coworking spaces, and creative office layouts. Tenancy is multiple, allowing for flexibility in lease terms and space configurations. The building is situated in Marion County and provides a range of options from private, fully furnished offices tailored to individual company needs, to shared coworking spaces and meeting rooms. Virtual office solutions are also available, including mail handling and virtual assistant services. Flexible working plans offer access to a global network of workspaces. This prime location provides an inspiring and collaborative work environment for businesses of all sizes.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1999
Construction CONCRETE
Total area 63,360 SF
Lot 4.43 ac (192,884 SF)
APN 49-02-17-106-008.000-800
UPID US31-0689418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Big Box & Wholesale Store Building Supply
  • Loan Service Bank
  • Loan Service Bank

Location

3815 River Crossing Pkwy Indianapolis, IN 46240
Indianapolis metro Census 320205 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.81M

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $2.7M +56.7%
Restaurant $2.6M +48.4%
Medical building $2.5M +44.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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