Freestanding Industrial Flex
225 E 10th St Indianapolis, IN 46202
For Sale
Contact for pricing
Single-story masonry industrial flex offering 4 drive-in doors and vacant delivery with immediate occupancy.
Property Size7,300 SF
Price / SF$150.68
Days on Market20
Property Features for 225 E 10th St
General Information
Standard status
Active
Size
7,300 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Bradley Company - Corporate
(419) 788-4906
Listed By:
Benjamin Anderson
(419) 788-4906
Source:
Moodyscre
Added: Jul 10
Changed: Jul 25
Last Checked: Jul 28 at 3:24PM
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 Bradley Company - Corporate
Investment Insights
Based on property information with market context.
This freestanding masonry industrial flex building is single-story and totals 7,300 square feet. The space includes 4 drive-in doors and is offered vacant with immediate occupancy.
The property is positioned in a dense infill area with proximity to downtown.
A phase III power setup is noted, and the layout presents potential for a multi-tenancy configuration, giving an owner-user flexibility to lease surplus space to a co-tenant.
The property is positioned in a dense infill area with proximity to downtown.
A phase III power setup is noted, and the layout presents potential for a multi-tenancy configuration, giving an owner-user flexibility to lease surplus space to a co-tenant.
Key Highlights
- 7,300 RSF single‑story masonry industrial flex building
- 4 drive‑in doors for convenient loading and access
- Vacant delivery with immediate occupancy
Financial Insights For Flex RnD
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 | $122.6k | $16.80 |
| − Vacancy | −$12.3k | −$1.68 |
| EGI | $110.4k | $15.12 |
| − OpEx | −$38.6k | −$5.29 |
| NOI | $71.7k | $9.83 |
7,300 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.02M
$896.8K – $1.20M
NOI $71,744 @ 7.0% cap · market cap 6.52%
Second Best
Warehouse
$631.3K
$552.4K – $736.5K
NOI $44,188 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,195 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Centerplate — 520 N New Jersey St, Indianapolis, IN 46204
- 500 Cafe & Catering — 500 N Meridian St STE #50, Indianapolis, IN 46204
Frequently Asked Questions
What type of property is this?
Flex space - Single-story masonry industrial flex offering 4 drive-in doors and vacant delivery with immediate occupancy.
Where is this flex space located?
The property is located at 225 E 10th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,300 RSF single‑story masonry industrial flex building; 4 drive‑in doors for convenient loading and access; Vacant delivery with immediate occupancy
