Industrial Flex Space with Drive-In
15402 Stony Creek Way Noblesville, IN 46060
For Sale
Contact for pricing
Industrial flex property with front office, full kitchen, and warehouse access via drive-in bay, dock door, and garage doors.
Property Size12,040 SF
Price / SF$174.42
Days on Market92
Property Features for 15402 Stony Creek Way
General Information
Standard status
Active
Size
12,040 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
SVN | Northern Commercial
(317) 454-2241
Listed By:
Jess Lawhead, CCIM · License #IN RB14047741
(317) 454-2241
Source:
Moodyscre
Added: Apr 30
Changed: Jul 29
Last Checked: Jul 29 at 1:48PM
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 SVN | Northern Commercial
Investment Insights
Based on property information with market context.
Industrial flex property offering 12,040 SF with a combination of office and warehouse space. The +/-2,000 SF front office includes private offices, a full kitchen, a restroom, and a large open area suited for conferencing, storage, or workspace. A separate office room is accessible via a garage door and can serve as conference space, a work area, or as an extension to the warehouse, along with +/-10,040 SF warehouse space.
Warehouse access is designed for practical loading and movement, including one 14 ft. drive-in bay, one 10 ft. dock door, an adjacent man door, and office-to-warehouse access via two 8 ft. garage doors plus one man door. Ceiling heights range from 11–15 ft. with a 10 ft. clear height.
The property is supported by heavy power infrastructure with a 400A / 480V / 3-phase service and a supplementary 200A disconnect, suitable for industrial and equipment-intensive operations. Outside, there are 13 painted surface parking spaces plus additional paved side area for overflow or outdoor use. Located at 15402 Stony Creek Way in Noblesville, IN 46060.
Warehouse access is designed for practical loading and movement, including one 14 ft. drive-in bay, one 10 ft. dock door, an adjacent man door, and office-to-warehouse access via two 8 ft. garage doors plus one man door. Ceiling heights range from 11–15 ft. with a 10 ft. clear height.
The property is supported by heavy power infrastructure with a 400A / 480V / 3-phase service and a supplementary 200A disconnect, suitable for industrial and equipment-intensive operations. Outside, there are 13 painted surface parking spaces plus additional paved side area for overflow or outdoor use. Located at 15402 Stony Creek Way in Noblesville, IN 46060.
Key Highlights
- 12,040 SF industrial flex property with +/-2,000 SF office and +/-10,040 SF warehouse
- Front office includes private offices, full kitchen, restroom, and large open conferencing/work area
- Warehouse access: one 14 ft. drive‑in bay, one 10 ft. dock door, adjacent man door
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.1k | $19.44 |
| − Vacancy | −$22.7k | −$1.89 |
| EGI | $211.4k | $17.55 |
| − OpEx | −$52.8k | −$4.39 |
| NOI | $158.5k | $13.17 |
12,040 SF · lease $19.44/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,516 @ 7.0% cap · market cap 7.55%
Second Best
Warehouse
$792.8K
$693.7K – $925.0K
NOI $55,498 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,255 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Earl B’s Catering — 16000 Cumberland Rd, Noblesville, IN 46060
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with front office, full kitchen, and warehouse access via drive-in bay, dock door, and garage doors.
Where is this flex space located?
The property is located at 15402 Stony Creek Way Noblesville, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,040 SF industrial flex property with +/-2,000 SF office and +/-10,040 SF warehouse; Front office includes private offices, full kitchen, restroom, and large open conferencing/work area; Warehouse access: one 14 ft. drive‑in bay, one 10 ft. dock door, adjacent man door
