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Property profile & analytics
OFF-MARKET Estimated value $1,095,000
Office Spaces

916 Westfield Blvd Indianapolis, IN 46220-1794

10,862 SF 0.2 ac lot Built 2007
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-0034363
Property summary
AI-generated overview

This three-story, Class B office building at 916 E Westfield Blvd, Indianapolis, IN 46220, offers 9,703 square feet of versatile space ideal for executive, creative, or traditional office uses. Built in 2007 and renovated in 2022, the property features seven suites, with a minimum divisible space of 345 square feet and a maximum contiguous space of 2,526 square feet. Currently, 2,871 square feet are vacant, offering excellent opportunities for businesses of various sizes. The building boasts nine parking spaces and an elevator for convenient access to all three floors. Its strategic location in the heart of Broad Ripple, adjacent to the Monon Trail and Canal Tow Path, provides exceptional visibility and accessibility. Nearby amenities include popular restaurants and cafes such as The Red Room, Monon Coffee, Starbucks, Canal Bistro, and 317 Burger, ensuring a vibrant and convenient environment for tenants and their employees. The property's C4 zoning allows for a variety of commercial uses. With over 1,100 apartments and condos within a half-mile radius, the building benefits from a high concentration of potential clientele and employees. This property presents a unique opportunity to establish a presence in one of Indianapolis's most desirable and thriving neighborhoods.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2007
Construction TYPE NOT SPECIFIED
Total area 10,862 SF
Lot 0.2 ac (8,640 SF)
Zoning code ZO01
APN 49-03-36-101-008.000-801
UPID US31-0034363
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
  • Indianapolis Demolition Company Construction Company General Contractor
  • Brothers Digital Solutions Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Albertson’s Mortuary Social Service Agency
  • Bionic Cat Apple Macintosh Consulting IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Morgan Matters Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.10M
Owner & transaction history
916 Partners LLC · 4 yrs held
916 Partners LLC
since 2022
7 recorded transactions
2022
Price N/A
2010
Price N/A
2009
Price N/A
2009
Price N/A
2008
Price N/A
2007
Price N/A
2006
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $865,000 +6.3%
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