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Property profile & analytics
FOR LEASE
Office Spaces

652 N Girls School Rd Indianapolis, IN 46214

21,046 SF 2.09 ac lot Built 1977
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US31-3371162
Property summary
AI-generated overview

This exceptional 4,546 square foot office suite is located within the Chapel Hill Professional Complex at 652 N Girls School Rd, Indianapolis, IN 46214. The property is a two-story building totaling 33,409 square feet situated on a 3.61-acre lot. This single-tenant building offers ample drive-up parking for convenience. The suite is immediately available and is well-suited for an owner-user. The building's location offers easy access to established neighborhood markets and is conveniently close to retail amenities and Ben Davis High School. The lease rate is $11.50 per square foot on a modified gross basis. Utilities and janitorial services are not included in the lease rate. The building does not have elevators. While the entire building is currently available, the minimum divisible space is 4,546 square feet, and the maximum contiguous space available is also 4,546 square feet. This presents a unique opportunity to acquire a substantial and well-located office space in a thriving Indianapolis neighborhood. The property's size and location make it an ideal choice for a variety of businesses seeking a prominent presence in a convenient and accessible location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Construction WOOD
Total area 21,046 SF
Lot 2.09 ac (91,084 SF)
APN 49-12-03-113-012.000-982
UPID US31-3371162
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Valenti Real Estate Services Inc Real Estate Agency
  • David M. James, MSW Physician
  • Law & Order Svc Law Firm
  • First Choice Quality Care Services LLC Home Health Care Service
  • Villages Adoption Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$805k
Blend (final) Blend
$580k
Owner & transaction history
Jmms LLC · 18 yrs held
Jmms LLC
since 2008
2 recorded transactions
2018
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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