6350 Rucker RdIndianapolis, IN 46220

Property Details for 6350 Rucker Rd

Year built

1998

Construction

WOOD

Lot size

1.02 AC

Property size (Sq ft)

8,320 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-02-33-115-034.000-800

APU

490233115034000800

Description

This single-story, 8,368-square-foot office building in Indianapolis, Indiana, presents a compelling investment or owner-occupancy opportunity. Located at 6350 Rucker Rd, 46220, in Marion County, this property sits on a 1.02-acre lot and is zoned C-1. The building, completely renovated in 2021, features three individual suites, each with its own private entrance, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 8,368 square feet. Currently, all 8,368 square feet are available. The building's exterior, interior, and mechanical systems all received significant upgrades during the renovation. Its location offers excellent visibility on a high-traffic road, providing convenient access to major interstates I-465 and I-69. The property also allows for prominent signage opportunities, both monument and building signage. This garden-style building is ideal for a variety of professional uses, including executive and medical offices.

• CAP approach

  CAP return

  Valuation

  6%

  $1,228,666

  6.5%

  $1,134,153

  7%

  $1,053,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,033,261

  Geo Method

  $1,033,261

• Alternative Use

  Use

  Valuation

  Residential

  $1,406,350

  Hospitality

  $1,288,209

  Educational

  $1,071,775

  Medical

  $1,108,634

  Retail

  $1,667,205

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8717

Longitude

-86.0798

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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