Two-Building Warehouse
1818 W 16th St Indianapolis, IN 46202
For Sale
Contact for pricing
Two warehouse buildings offer 10-foot ceilings, drive-in doors, and build-to-suit office space on-site.
Property Size13,314 SF
Price / SF$105.08
Days on Market454
Property Features for 1818 W 16th St
General Information
Standard status
Active
Size
13,314 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Indianapolis
(317) 218-7217
Listed By:
Fritz A. Kauffman
(317) 753-4444
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 28
Last Checked: Jul 28 at 4:12PM
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 Cushman & Wakefield | Indianapolis
Investment Insights
Based on property information with market context.
This for-sale warehouse property includes two buildings totaling 13,314 SF of space, with Building A offering 4,764 SF and Building B offering 8,550 SF. Both buildings are warehouse configurations with drive-in door access, and each provides 10-foot ceiling heights.
Building A features 1 drive-in door, while Building B features 2 drive-in doors and a 10-foot ceiling height with an additional 17-foot dimension noted in the remarks. Building B also includes office space set up as build-to-suit (BTS).
The property is zoned C-5 and is presented as an investment or occupancy opportunity within a warehouse-focused site setup, with available space allocated between the two buildings.
Building A features 1 drive-in door, while Building B features 2 drive-in doors and a 10-foot ceiling height with an additional 17-foot dimension noted in the remarks. Building B also includes office space set up as build-to-suit (BTS).
The property is zoned C-5 and is presented as an investment or occupancy opportunity within a warehouse-focused site setup, with available space allocated between the two buildings.
Key Highlights
- Two warehouse buildings with 13,314 SF total; Building A 4,764 SF and Building B 8,550 SF
- Drive‑in access: Building A has 1 drive‑in door and Building B has 2 drive‑in doors
- 10’ ceilings in both buildings (Building B also notes 10’ x 17’ ceiling height detail)
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 | $103.8k | $7.80 |
| − Vacancy | −$9.0k | −$0.68 |
| EGI | $94.8k | $7.12 |
| − OpEx | −$14.2k | −$1.07 |
| NOI | $80.6k | $6.05 |
13,314 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,592 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.87M
NOI $231,983 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Downtown indy self storage — 1233 W 18th St, Indianapolis, IN 46202
- Lombard Auto Clinic LLc — 2232 montcalm st, indianapolis, in 46208
Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouse buildings offer 10-foot ceilings, drive-in doors, and build-to-suit office space on-site.
Where is this warehouse located?
The property is located at 1818 W 16th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two warehouse buildings with 13,314 SF total; Building A 4,764 SF and Building B 8,550 SF; Drive‑in access: Building A has 1 drive‑in door and Building B has 2 drive‑in doors; 10’ ceilings in both buildings (Building B also notes 10’ x 17’ ceiling height detail)
