Building Details

Buildings 1

Listing Agency: SVN | Northern Commercial Show Phone

Listed By: Nick O'Patterson · License ##RB25000914 Show Phone

Source: Moodyscre

Added: Oct 23 Changed: Oct 25 Last Checked: Oct 26 at 4:07PM

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Investment Insights

Based on property information with market context.

This freestanding industrial warehouse contains 8,500 square feet and is heated and cooled throughout. Loading is served by two drive-in doors, measuring 16 feet wide by 9 feet high and 10.5 feet wide by 8.5 feet high, plus a dock door measuring 8.5 feet wide by 7.5 feet high. Clear height ranges from approximately 9.9 to 10.9 feet. Floor drains extend throughout the building, and the property includes two restrooms.

The site offers access to I-65, I-70, Binford Boulevard, and downtown Indianapolis.

Key Highlights

• 8,500‑square‑foot freestanding industrial building
• Fully heated and cooled facility
• Two drive‑in doors: (1) 16' W x 9' H, (1) 10.5' W x 8.5' H

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,452

Cap Rate

7.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,029,040 $1.0M

Cap Rate 7%

$735,029 $735.0K

Cap Rate 9%

$571,689 $571.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,500 SF

Gross rent

$66.3K $7.80/SF

− Vacancy

−$5.8K −$0.68/SF

EGI

$60.5K $7.12/SF

− OpEx

−$9.1K −$1.07/SF

NOI

$51.5K $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%

$1,029,040

Cap Rate 7%

$735,029

Cap Rate 9%

$571,689

Alternative Uses

Best Use

Warehouse

$735.0K

$643.2K – $857.5K (±1% cap)

NOI $51,452 @ 7.0% cap · market cap 7.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.12M

$1.85M – $2.47M (±1% cap)

NOI $148,104 @ 7.0% cap · market cap 22.79%

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

Mechanical Motion Car Dealership

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Pharmacy Spa & Massage Center

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

10 ft

Clear height

1

Dock-high doors

2

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

273

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 46205, IN

27,531

Population

14,756

Households

1.9

Avg Household Size

34

Median Age

51%

College-Educated

93%

High-School Grad

6.2 sq mi

ZIP Area

4,440

Density / Sq Mi

$65,756

Median Household Income

$48,138

Median Earnings

$1,087

Median Rent

$278,000

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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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - The industrial facility includes both dock and drive-in loading, with heating and cooling throughout.

Where is this warehouse located?

The property is located at 3145 Dr Andrew J Brown Ave Indianapolis, IN.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 8,500‑square‑foot freestanding industrial building; Fully heated and cooled facility; Two drive‑in doors: (1) 16' W x 9' H, (1) 10.5' W x 8.5' H