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 Market102
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
(317) 496-0202
Listed By:
Joshua D. Abrams · License #IN RB16001906
Source:
Crexi
Added: May 21
Changed: Aug 30
Last Checked: Aug 30 at 12:59AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
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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
