Renovated Multi-Tenant
3031 South Holt Road, Indianapolis, IN 46221
For Sale
$795,000
Renovated industrial space with C5 zoning and automotive uses permitted.
Property Size10,000 SF
Price / SF$79.50
Days on Market95
Property Features for 3031 South Holt Road
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Building Size
Buildings
Tenancy
Listing Agency:
SVN | Northern Commercial
Listed By:
Nick O'Patterson · License IN RB25000914
(317) 586-0541
Source:
Svn
Added: Aug 12
Changed: Nov 12
Last Checked: Nov 12 at 5:51AM
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 SVN | Northern Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3031 South Holt Road in Indianapolis, this renovated multi-tenant warehouse contains 10,000 SF and is configured for industrial occupancy. The property is 50% occupied, with 5,000 SF leased through 7/31/2030. Recent capital improvements have been completed, and the C5 commercial zoning permits automotive uses among other applications.
The property is positioned near Kentucky Avenue with access to I-465 and I-70. Its multi-tenant layout combines leased space with additional availability within an established industrial setting.
The property is positioned near Kentucky Avenue with access to I-465 and I-70. Its multi-tenant layout combines leased space with additional availability within an established industrial setting.
Key Highlights
- 10,000 SF renovated multi‑tenant industrial building
- 5,000 SF leased through 7/31/2030
- 50% occupancy with additional space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,532
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,640
$1.2M
Cap Rate 7%
$864,743
$864.7K
Cap Rate 9%
$672,578
$672.6K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$78.0K $7.80/SF
− Vacancy
−$6.8K −$0.68/SF
EGI
$71.2K $7.12/SF
− OpEx
−$10.7K −$1.07/SF
NOI
$60.5K $6.05/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,640
Cap Rate 7%
$864,743
Cap Rate 9%
$672,578
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.79M
NOI $107,604 @ 7.0% cap · market cap 13.54%
Second Best
Warehouse
$864.7K
$756.7K – $1.01M
NOI $60,532 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,240 @ 7.0% cap · market cap 21.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46221, IN
27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Indianapolis, IN
Properties on Market for Warehouses in Indianapolis
Vacancy Rate% for Industrial in Indianapolis, IN
Similar Off Market Nearby
- Circle City Movers — 3030 mars hill st, indianapolis, in 46241
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial space with C5 zoning and automotive uses permitted.
Where is this warehouse located?
The property is located at 3031 South Holt Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 10,000 SF renovated multi‑tenant industrial building; 5,000 SF leased through 7/31/2030; 50% occupancy with additional space available
