2334 Production Dr, Indianapolis, IN 46241
48,896 SF industrial building on 3.65 acres for sale.
- Added:
- Sep 19, 2024
- Days on Market:
- 657
- Last Refresh:
- Jul 2 at 6:38 am
Property Features for 2334 Production Dr
General Information
- Standard status
- Active
- Size
- 48,896 SF
- Lot size
- 3.65 Acres
- Property subtype
- Industrial
Listing office Halakar
Listing date Sep 19, 2024
Source Crexi
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 Halakar
HighLights
- Located less than one mile from I‑465
- 48,896 SF building
- Situated on 3.65 acres
- I‑3 zoning offers a wide variety of opportunities
- Ideal for a mid‑sized single tenant
- Ideal for an owner‑user
Overview
Local Financial Insights For Industrial
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 | $381.4k | $7.80 |
| − Vacancy | −$33.2k | −$0.68 |
| EGI | $348.2k | $7.12 |
| − OpEx | −$104.5k | −$2.14 |
| NOI | $243.7k | $4.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.260729
- Latitude
- 39.732654
