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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Office Spaces
8383 Craig St Indianapolis, IN 46250-3642
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-1022783
Property summary
AI-generated overview
This 1,262 square foot creative office suite is located in a single-building complex in Northeast Indianapolis. The building, constructed in 1983, offers a total of 80,000 square feet of space and boasts a Class C rating. The suite itself is immediately available for occupancy and features a desirable 10.5-foot ceiling height. The property sits on a spacious 9-acre lot and provides ample parking with 400 spaces available. The zoning is designated for office use, making it ideal for a variety of businesses. The building is conveniently located near Craig Street. Furniture may be available. This single-tenant space presents a unique opportunity for businesses seeking a well-located, functional office space in a convenient Northeast Indianapolis location. The property offers a competitive rate and immediate occupancy, making it an attractive option for those seeking a quick and efficient move-in. The large lot size and substantial parking provide added convenience and accessibility.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Construction
WOOD
Total area
79,977 SF
Lot
8.95 ac (389,870 SF)
Zoning code
ZO01
APN
49-02-22-105-009.000-400
UPID
US31-1022783
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
-
Greystone PMC Real Estate Agency
-
Ham N Otter Employment Agency
-
Syndicate Claims Services Insurance Agency
-
Adventure Academy Daycare Center
-
Swiper Payments Business To Business Service Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.71M
Owner & transaction history
8383 Craig St LLC · 1 yrs held
8383 Craig St LLC
since 2025
5 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$21 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$96,941
Tax year 2023
Assessed value
$3,964,200
Assessed 2023
Previous assessed
$3,964,200
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$2,190,300
Assessed improvement
$1,773,900
Land market value
$2,190,300
Improvement market value
$1,773,900
Total market value
$3,964,200
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
79,977 SF
Lot
8.95 ac (389,870 SF)
Zoning code
ZO01
APN
49-02-22-105-009.000-400
UPID
US31-1022783
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
8.95 ac
Current owner
From public records · entity-resolved
8383 Craig St LLC
Entity
Mailing address
8383 CRAIG ST STE #225, INDIANAPOLIS, IN 46250-5548
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
8383 Craig St LLC
Two Metroplex LLC
Warranty Deed
$3,680,000 · Indiana University Cu
Apr 2, 2018
—
Two Metroplex LLC
—
Deed
related
—
—
—
Two Metroplex LLC
—
Deed Of Trust
related
$4,000,000 · National Bank Indianapolis
—
—
Two Metroplex LLC
—
Deed Of Trust
related
$2,049,466 · Old National Bank
—
—
Two Metroplex LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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