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Property profile & analytics
FOR LEASE
Office Spaces

8909 Purdue Rd Indianapolis, IN 46268

179,586 SF 10.23 ac lot Built 1997
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3529469
Property summary
AI-generated overview

College Park Plaza, located at 8909 Purdue Rd in Indianapolis, Indiana, presents a unique opportunity for businesses seeking premium office space in the northwest submarket. This Class A building, constructed in 1998, boasts a total of 181,000 square feet, with 31,000 square feet currently available for lease. The property sits on a generous 10-acre lot and offers flexible tenancy options, accommodating businesses of various sizes. Currently, there are four available spaces ranging from 2,286 to 25,704 square feet. The building features attractive 10'9" ceilings and ample parking with 720 spaces available. Tenants enjoy a range of on-site amenities, including a state-of-the-art fitness center complete with showers, a convenient conference/training room, and expansive outdoor patio areas perfect for relaxation or informal meetings. The property is zoned C4 and provides a highly desirable location within the northwest submarket of Indianapolis. This is an exceptional opportunity to secure high-quality office space in a well-maintained and amenity-rich building. Contact us today to learn more about available suites and lease terms.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1997
Construction TYPE NOT SPECIFIED
Total area 179,586 SF
Lot 10.23 ac (445,706 SF)
Zoning code ZO01
APN 49-03-17-102-034.000-600
UPID US31-3529469
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
  • Construction Family Assistance Foundation, Inc. Association / Organization
  • Shuttle America Corporation Freight Service Logistics Company
  • Build Your Future Indiana. Construction Company
  • Medical Decision Modeling Inc Medical Clinic
  • Usda National Appeals TDD Government
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.91M
Blend (final) Blend
$14.71M
Owner & transaction history
Sly Clg Pk Invs LLC · 6 yrs held
Sly Clg Pk Invs LLC
since 2020
7 recorded transactions
2020
$350,000
2020
$35,000
2020
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2015
$14.3M
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $14.3M +6.3%
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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?”
More about this property
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