Industrial Property in Stony
For Sale
$1,650,000
15570 Stony Creek Way, Noblesville, IN 46060
10,200 SF industrial property with I-1 zoning.
Property Size10,200 SF
Days on Market292
Property Features for 15570 Stony Creek Way
General Information
Standard status
Active
Size
10,200 SF
Class
B
Property subtype
Office
Building Details
Building Size
10,200 SF
Year Built
1993
Listing Agency:
ALO Property Group
Listed By:
Ralph Balber · License #RB14044276
(317) 281-8847
Source:
Alopg
Added: Nov 24, 2025
Changed: Sep 11
Last Checked: Sep 12 at 7:27AM
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
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
$47,017
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
2.85%
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%
$940,340
$940.3K
Cap Rate 7%
$671,671
$671.7K
Cap Rate 9%
$522,411
$522.4K
Market Conditions
NOI Build-Up for 10,200 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
$59.7K $5.85/SF
− Vacancy
−$4.4K −$0.43/SF
EGI
$55.3K $5.42/SF
− OpEx
−$8.3K −$0.81/SF
NOI
$47.0K $4.61/SF
Area
Hamilton County, IN
Vacancy
7.30%
Lease Rate
$5.85 /SF/Yr
Expense Ratio
15.00%
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%
$940,340
Cap Rate 7%
$671,671
Cap Rate 9%
$522,411
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46060, IN
45,073
Population
18,887
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
80.6 sq mi
ZIP Area
559
Density / Sq Mi
$91,141
Median Household Income
$50,557
Median Earnings
$1,215
Median Rent
$292,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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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
