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Property profile & analytics
OFF-MARKET
Office Spaces

8131 Castleton Rd Indianapolis, IN 46250-2035

3,456 SF 0.17 ac lot Built 2017
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1125982
Property summary
AI-generated overview

This exceptional two-story, 3,456 square foot Class B medical office building, constructed in 2018, presents a unique leasing opportunity in Indianapolis' vibrant Castleton submarket. The entire 3,456 square feet is currently vacant and available, offering flexibility for a single tenant or the possibility of dividing the space into two 1,728 square foot units. Each level boasts separate entrances, ensuring convenient access and privacy for tenants. The building features excellent accessibility, including wheelchair ramps. Its strategic location near the intersection of 82nd Street and I-69 provides unparalleled access to major thoroughfares, simplifying commutes for both staff and clients. Situated in the thriving Castleton area, this property benefits from its proximity to a wide array of amenities, including the Fashion Mall at Keystone, Castleton Square, numerous restaurants, and hotels. This location offers a dynamic blend of business and leisure, creating an attractive environment for medical professionals and office tenants alike. The building is located in Marion County, Indiana, with a zip code of 46250. This presents a compelling opportunity for businesses seeking a high-visibility location within a bustling and established commercial area.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2017
Construction WOOD
Total area 3,456 SF
Lot 0.17 ac (7,200 SF)
Zoning code ZO01
APN 49-02-23-106-012.000-400
UPID US31-1125982
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
  • McManus & Associates Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
8131 Investments LLC · 1 yrs held
8131 Investments LLC
since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2016
$82,500
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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