Building Details

Stories 1

Construction masonry

Listing Agency: Bradley Company - Corporate Show Phone

Listed By: Benjamin Anderson Show Phone

Source: Moodyscre

Added: Jul 10 Changed: Oct 26 Last Checked: Oct 26 at 7:18PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$71,744

Cap Rate

6.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,434,880 $1.4M

Cap Rate 7%

$1,024,914 $1.0M

Cap Rate 9%

$797,156 $797.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,300 SF

Gross rent

$122.6K $16.80/SF

− Vacancy

−$12.3K −$1.68/SF

EGI

$110.4K $15.12/SF

− OpEx

−$38.6K −$5.29/SF

NOI

$71.7K $9.83/SF

Area

Indianapolis, IN

Vacancy

10.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,434,880

Cap Rate 7%

$1,024,914

Cap Rate 9%

$797,156

Alternative Uses

Best Use

Flex RnD

$1.02M

$896.8K – $1.20M (±1% cap)

NOI $71,744 @ 7.0% cap · market cap 6.52%

Second Best

Industrial

$519.9K

$454.9K – $606.5K (±1% cap)

NOI $36,390 @ 7.0% cap · market cap 3.31%

Theoretical Best

Office A

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,195 @ 7.0% cap · market cap 11.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

HIgh End Concepts Factory

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon HVAC Service Clothing & Fashion Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Drive-in doors

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

3,995

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 46202, IN

22,217

Population

12,297

Households

1.8

Avg Household Size

29

Median Age

62%

College-Educated

91%

High-School Grad

5.5 sq mi

ZIP Area

4,039

Density / Sq Mi

$61,082

Median Household Income

$40,499

Median Earnings

$1,258

Median Rent

$420,200

Median Home Value

Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019

5.4% 2020

4.1% 2021

5.3% 2022

9.9% 2023

10.5% 2024

7.6% 2025

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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