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8459 Castlewood Dr, Indianapolis, IN 46250

Multi-tenant office/flex property with easy access to major interstates.

Space Size3,305 SF
Property Size45,800 SF
Lot Size4.43 Acres
Days on Market2110

Property Features for 8459 Castlewood Dr

General Information

Standard status Active
Size 3,305 SF
Total Parking Spaces 146
Lot size 4.43 Acres
Property subtype Industrial, Office

Building Details

Building Size 45,800 SF
Tenancy Multiple

Spaces For Lease

at 8459 Castlewood Dr Contact us

8459 Suite B

Size
3,305 SF
Type
Industrial, Office
Availability
Active
Contact us
Listing Agency: Corporate Commercial Group
Listed By: Keith Dedrick · License #IN RB14029789
Source: Crexi
Added: Nov 5, 2020 Changed: Aug 14 Last Checked: Aug 14 at 9:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corporate Commercial Group

Investment Insights

Based on property information with market context.

The property on Castlewood Drive is a multi-tenant office/flex property totaling approximately 45,800 square feet. It is situated on a fully improved 4.43-acre site. The location provides convenient access to Castleton area amenities and I-465, I-70, I-74, and I-65 via I-69. The property consists of three well-maintained buildings and grounds, offering space suitable for a variety of users seeking office/flex space.

Key Highlights

  • Convenient access to I‑465, I‑70, I‑74, and I‑65 via I‑69.
  • +\/- 45,800 square feet of office/flex space.
  • Located close to Castleton area amenities.

Property Analytics

Current Use

Graphicon Marketing & Advertising All Paws Go ... Social Service Agency Nederveld Inc. Engineering Consultant JL Customs Auto Parts Store LightBy Solar Electrical Service

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,509
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46250, IN

19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$20.07 /SF/Yr
Avg Asking Price
$1.17–$95.52 /SF/Yr
Price Range
17,019 SF
Avg Space Size

This space is priced 45% below the average of $20.07 /SF/Yr.

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Multi-tenant office/flex property with easy access to major interstates.
Where is this flex space located?
The property is located at 8459 Castlewood Dr Indianapolis, IN.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: Convenient access to I‑465, I‑70, I‑74, and I‑65 via I‑69.; +\/- 45,800 square feet of office/flex space.; Located close to Castleton area amenities.
(317) 502-3622 Call to check price and availability
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