Listed by Revel & Underwood
$4,000,000
Union Chapel Office/Retail Building
Details
Property Type Office, Retail
Sub Type Traditional Office, Storefront
Square Footage 10,097
Net Rentable (SqFt) 10,173
Units 5
Cap Rate 7.00%
NOI $280,440
Occupancy 100%
Tenancy Multi
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 2.626
Zoning CCPD, Meredith Meadows PD
Parking Spaces 39 spaces
Parking per 1,000 SqFt 3.86
Office | 7.00% CAP | 10,097 SqFt
Marketing description
This premier office/retail building offers a stable income investment opportunity in Noblesville's high-growth area. Located near SR 37 and Hamilton Town Center, the property features high visibility off Greenfield Avenue and Union Chapel Road. The building provides diversified revenue streams from rent income, CAM income, and various reimbursements totaling $435,940 annually, with a 7% capitalization rate offering solid yield in the current commercial real estate market.
Investment highlights
- Stable Income - Diversified revenue from rent income, CAM income, and various reimbursements totaling $435,940 annually
- High Growth Area - Near SR 37 and Hamilton Town Center - High Visibility off Greenfield Ave & Union Chapel Road
- Attractive Cap Rate - 7% capitalization rate offering solid yield in the current commercial real estate market
Listing Contacts
Listed by Revel & Underwood
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,440.00
$23,370.00/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
Map
Zoning
CCPD PlannedCorporate Campus Planned Development District
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View all 93 uses
View all 93 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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