Industrial Property in Stony
15570 Stony Creek Way Noblesville, IN
For Sale
Contact for pricing
10,200 SF industrial property with I-1 zoning.
Property Size10,200 SF
Lot Size1.12 Acres
Price / SF$161.76
Days on Market631
Property Features for 15570 Stony Creek Way
General Information
Standard status
Active
Size
10,200 SF
Lot size
1.12 Acres
Property subtype
OFFICE
Listing Agency:
Alo Property Group
(317) 281-8847
Listed By:
Ralph Balber · License #RB14044276
(317) 281-8847
Source:
Moodyscre
Added: Nov 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:44AM
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 Alo Property Group
Investment Insights
Based on property information with market context.
This industrial property, situated in Stony Creek Industrial Park, encompasses 1.13 acres. The site features an 800-SF storage building equipped with 4 overhead doors. Zoning is I-1. There are 36 surface parking spaces available. The property offers 10,200 square feet of space.
Key Highlights
- 1.13 acres of land ready for your project
- I‑1 Zoning provides a range of possibilities
- 800 SF storage building featuring 4 overhead doors
Financial Insights For Warehouse
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 | $59.7k | $5.85 |
| − Vacancy | −$4.4k | −$0.43 |
| EGI | $55.3k | $5.42 |
| − OpEx | −$8.3k | −$0.81 |
| NOI | $47.0k | $4.61 |
10,200 SF · lease $5.85/SF/yr · vacancy 7.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$671.7K
$587.7K – $783.6K
NOI $47,017 @ 7.0% cap · market cap 2.85%
Second Best
Industrial
$553.1K
$484.0K – $645.3K
NOI $38,720 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,568 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - 10,200 SF industrial property with I-1 zoning.
Where is this flex space located?
The property is located at 15570 Stony Creek Way Noblesville, IN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1.13 acres of land ready for your project; I‑1 Zoning provides a range of possibilities; 800 SF storage building featuring 4 overhead doors
