Warehouse With Overhead
For Sale
Contact for pricing
1430 South High School Road, Indianapolis, IN 46241
Industrial property with secured outdoor parking, interstate access, and multiple signage opportunities.
Property Size4,000 SF
Price / SF$200
Days on Market147
Property Features for 1430 South High School Road
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Industrial
Zoning
C5
Lease Type
NNN
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Halakar
Listed By:
Joshua D. Abrams · License #IN RB16001906
(317) 496-0202
Source:
Crexi
Added: May 21
Changed: Oct 12
Last Checked: Oct 12 at 7:44PM
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 Halakar
Investment Insights
Based on property information with market context.
Built in 1980, this warehouse property includes six overhead doors, exterior surface parking, and a secured lot. The property is zoned C5 and offers multiple opportunities for signage, supporting clear identification from the surrounding roadway.
Located at 1430 South High School Road in Indianapolis, the property provides access to I-465. Its warehouse configuration, exterior areas, and industrial zoning support a range of commercial occupancy needs.
Located at 1430 South High School Road in Indianapolis, the property provides access to I-465. Its warehouse configuration, exterior areas, and industrial zoning support a range of commercial occupancy needs.
Key Highlights
- Six overhead doors
- Secured lot with exterior surface parking
- C5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,312
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,240
$786.2K
Cap Rate 7%
$561,600
$561.6K
Cap Rate 9%
$436,800
$436.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$67.2K $16.80/SF
− Vacancy
−$6.7K −$1.68/SF
EGI
$60.5K $15.12/SF
− OpEx
−$21.2K −$5.29/SF
NOI
$39.3K $9.83/SF
Area
Indianapolis, IN
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,240
Cap Rate 7%
$561,600
Cap Rate 9%
$436,800
Alternative Uses
Best Use
Flex RnD
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 4.91%
Second Best
Warehouse
$345.9K
$302.7K – $403.6K
NOI $24,213 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$995.7K
$871.2K – $1.16M
NOI $69,696 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46241, IN
33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 749 Beachway Dr, Indianapolis, IN 46224
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with secured outdoor parking, interstate access, and multiple signage opportunities.
Where is this warehouse located?
The property is located at 1430 South High School Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Six overhead doors; Secured lot with exterior surface parking; C5 zoning
