5255 Tacoma AveIndianapolis, IN 46205

Property Details for 5255 Tacoma Ave

Year built

1963

Construction

TYPE NOT SPECIFIED

Lot size

1.76 AC

Property size (Sq ft)

7,840 SF

Property type

Office properties

APN

49-07-08-125-007.000-801

APU

490708125007000801

Description

Malott Office Park, located at 5255 N Tacoma Ave, Indianapolis, IN 46205, offers a variety of flexible office spaces ideal for businesses of all sizes. This prime location, conveniently situated off Keystone Ave and 52nd St, provides easy access to major transportation routes. The property encompasses a total of 58,300 square feet, with multiple tenancy options available. Currently, there are 10,225 square feet of vacant space, divisible into units ranging from a minimum of 800 square feet to a maximum contiguous space of 3,000 square feet. The building caters to diverse business needs, offering traditional, executive, and creative office spaces. This presents an excellent opportunity for businesses seeking smaller offices or shorter lease terms. The property's strategic location and adaptable space make it an attractive option for companies looking for a convenient and functional workspace in Indianapolis. The address is easily accessible and well-suited for employees commuting from various parts of the city. With its diverse office space options and convenient location, Malott Office Park is a compelling choice for businesses seeking a productive and accessible work environment. Contact us to learn more about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $1,064,799

  6.5%

  $982,891

  7%

  $912,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $802,358

  Geo Method

  $802,358

• Alternative Use

  Use

  Valuation

  Residential

  $1,218,785

  Hospitality

  $1,116,400

  Educational

  $928,832

  Medical

  $960,776

  Retail

  $1,444,850

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8492

Longitude

-86.1198

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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