Financial
Distress signals
Property profile

8465 Keystone Xing Indianapolis, IN 46240

FOR LEASE
Other office properties
Property ID
US31-1279837
32,004 SF 2.31 ac lot Built 1983
Last sale Oct 2017 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a full-service office space totaling 29,232 square feet, located in the Keystone at the Crossing area of Indianapolis. It has frontage and visibility along Keystone Avenue and is positioned across 82nd Street from The Fashion Mall at Keystone, with additional nearby businesses including Ironworks Indy across Keystone Avenue. The site provides convenient access to Interstate 465 and is situated near northside communities. On-site management services are available. Parking is

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$57k
Tax billed · 2023
Assessed value$2.26M
Assessed land$886k
Assessed improvement$1.37M
Effective rate2.54%

Value estimate

· Sep 2026
$930k
$837k – $1.02M
AI approach$605k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$4k
Operating expenses−$5k
NOI · 67,865.00% cap applied$14k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120

Cap rate analysis

How does the asset earn?
67,865.00%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.5
Electrical Service9.8
Locksmith8.9

Location

8465 Keystone Xing Indianapolis, IN 46240
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 96th, Indianapolis, IN 46240-3781 $7,225,000 Sep 2024 114,207 SF
280 96th, Indianapolis, IN 46240-3844 $5,448,000 Sep 2024 92,240 SF
3405 86th, Indianapolis, IN 46240-2427 $350,000 Jan 2021 11,182 SF
9550 Whitley, Indianapolis, IN 46240-1307 $615,000 Dec 2020 5,280 SF
2929 96th, Indianapolis, IN 46240-1302 $16,600 Feb 2019 5,658 SF
8250 Dean, Indianapolis, IN 46240-4907 $2,900,000 Oct 2018 17,051 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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