6314 Rucker RdIndianapolis, IN 46220

Property Details for 6314 Rucker Rd

Year built

1973

Construction

WOOD

Lot size

0.28 AC

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-02-33-111-018.000-800

APU

490233111018000800

Description

This exceptional 2,920 square foot office condo is situated in the highly desirable Binford Boulevard submarket of Indianapolis, Indiana, at 6314 Rucker Road, near the intersection of 62nd Street. The property is part of the Binford Commons complex, a single-story, Class B building totaling 15,000 square feet, constructed in 1973. This versatile space, suitable for traditional, executive, medical, or creative office uses, features eight private offices of varying sizes, a spacious conference room, two large reception areas, a workshop, private restrooms, and storage. The building offers multiple tenancies and is conveniently located on the northeast side of Indianapolis, providing easy access to major thoroughfares and I-465. Its central location places it within a thriving business community, surrounded by a wealth of retail, restaurants, and residential options. This is an excellent opportunity to lease a well-appointed office space in a prime Indianapolis location. The property is zoned for office use. There are no elevators in this single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,801,206

  6.5%

  $1,662,652

  7%

  $1,543,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,514,745

  Geo Method

  $1,514,745

• Alternative Use

  Use

  Valuation

  Residential

  $2,061,688

  Hospitality

  $1,888,496

  Educational

  $1,571,206

  Medical

  $1,625,242

  Retail

  $2,444,098

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8707

Longitude

-86.0798

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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