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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8355 Rockville Rd Indianapolis, IN 46234

    • Office Properties & Spaces
    • 33,966 SF
    • 2.86 lot acres
    For Lease
    View listing
    Last Sale
    Apr 11, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0140179
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stacey Mayo, Ruoff Mortgage / Loan Service / Bank
    • Ruoff Mortgage - Indy West / Loan Service / Bank
    • Blue Shuffle Disposal Inc / Corporate Office
    • Patton Katherine A DDS / Dental Office
    • Nicole Lloyd, Real Estate Broker / Real Estate Agency

    Property Details for 8355 Rockville Rd

    Year built
    1985
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.86 lot acres
    Property size
    33,966 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    49-12-09-132-007.001-900
    APU
    491209132007001900

    Description

    This exceptional two-story Class B office building, totaling 33,800 square feet, is situated on a 2.86-acre lot at the highly visible southwest corner of Rockville Road and Country Club Road in Indianapolis, Indiana. Built in 1985, the property offers convenient access to I-465, ensuring effortless commutes for tenants and clients. The building features one structure with elevators, providing easy access to all floors. Currently, there are multiple tenancies available, with a minimum divisible space of 719 square feet and a maximum contiguous space of 860 square feet. A total of 1,579 square feet of vacant space is immediately available for lease. This presents a unique opportunity for businesses seeking flexible, executive-style office suites in a desirable location. The property's location in Marion County, Indiana, zip code 46234, offers excellent visibility and accessibility. This is an ideal space for businesses seeking a professional and convenient office environment on the emerging west side of Indianapolis. The building's strategic location and flexible space options make it an attractive proposition for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,060,000
      Market price range: $889k - $3.18M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.3091
    Latitude
    39.7633
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,080
    $685,900
    $1,077,800
    $1,763,700
    -
    $685,900
    $1,077,800
    $1,763,700

    Comparable in this City

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      14,328 SF

      6100 Raceway Rd

      OFFICE (GENERAL) • 14,328 SF
      6100 Raceway Rd, Indianapolis, IN 46234-3037
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    • Value Estimation by Request
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      1016 Country Clb Rd

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      1016 Country Clb Rd, Indianapolis, IN 46234-3820
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      4,180 SF

      3205 Tansel Rd

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      3205 Tansel Rd, Indianapolis, IN 46234-1652
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      590 SF

      3410 Raceway Rd, Unit 3450

      OFFICE (GENERAL) • 590 SF
      3410 Raceway Rd, Indianapolis, IN 46234-1165
      View Details
    • Value Estimation
      $740,000
      6,586 SF

      2135 Redland Rd

      OFFICE (GENERAL) • 6,586 SF
      2135 Redland Rd, Indianapolis, IN 46234-2445
      View Details

    Similar Nearby for Sale

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      14,490 SF

      Indianapolis Retail Investment Opportunity

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      2 SF

      Land in AmeriPlex Business Park

      2.19 acre commercial land with highway access.
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      Rockville Road Land Opportunity

      Land available on Rockville Road in Indianapolis.
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      Hendricks County Land Parcel

      20.78-acre land parcel suitable for various development projects.
      10310 Us Highway 136, Indianapolis, IN 46234
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    • $1,000,000

      Commercial Land on Rockville Road

      Land available for sale or lease on Rockville Road.
      9057 Rockville Rd, Indianapolis, IN 46234
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    • Contact for pricing
      0.84 Acres

      Rockville Road Commercial Land

      Prime .84-acre commercial lot
      8353 Rockville Rd, Indianapolis, IN 46234
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    Similar Nearby for Lease

    • Contact for pricing
      33,800 SF

      Executive Suites, West Indy

      Prime office space, flexible layouts, I-465 access.
      8355 Rockville Rd, Indianapolis, IN 46234
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    • $9 SF/Yr
      89,640 SF

      Country Club Road Flex Space

      Indianapolis Industrial Flex Space: 3 Units Available
      1001 Country Club Rd, Indianapolis, IN 46234
      View Details
    • $17 SF/Yr

      Executive Office Space Available

      Flexible office space with easy access to I-465.
      8355 Rockville Rd, Indianapolis, IN 46234
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    • Contact for pricing
      4,000 SF

      Industrial/Flex Space Available

      Multi-tenant industrial/flex property with easy highway access.
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      View Details
    • $4,081,379

      Indianapolis Retail Investment Opportunity

      15,000 SF building with 100% occupancy in Indianapolis.
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    • $11 SF/Yr
      15,000 SF

      Build-to-Suit Flex Space in Indy

      Modern flex space, ideal for manufacturing.
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      View Details
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    8355 Rockville Rd
    Indianapolis, IN 46234
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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