Office Warehouse with Fenced
3235 N EMERSON AVE Indianapolis, IN 46218
3235 N EMERSON AVE, Indianapolis, IN, 46218
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For Sale
Contact for pricing
Office and warehouse space includes 15-foot clear height, a drive-in overhead door, and a secured fenced yard.
Property Size14,246 SF
Lot Size2.03 Acres
Price / SF$147.41
Days on Market23
Property Features for 3235 N EMERSON AVE
General Information
- Standard status
- Active
- Size
- 14,246 SF
- Lot size
- 2.03 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1958
Listing agency
RP Lux Company
Listed by
Stephen Flanagan · License #IN rb16001253
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 3:05PM Checked: Jul 21 at 3:05PM
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 RP Lux Company
Investment Insights
Based on property information with market context.
This office/warehouse facility combines a finished office environment with functional warehouse space designed for light industrial and equipment-focused operations. The warehouse offers 15-foot clear height (18 feet to the deck) and includes a drive-in overhead door. A secured fenced yard supports outdoor storage, and an expansive paved site provides areas for parking and equipment or fleet vehicle storage. The office portion features 8.5-foot finished ceilings (9.5 feet to the deck) and includes a new HVAC system.
The property is located on Indianapolis’ east side with quick access to I-70, I-465, and Downtown Indianapolis, supporting regional connectivity for employees, customers, and logistics.
Immediate occupancy is available, making the space suitable for an owner-user or investor seeking a flexible office/warehouse configuration with outdoor storage capabilities.
The property is located on Indianapolis’ east side with quick access to I-70, I-465, and Downtown Indianapolis, supporting regional connectivity for employees, customers, and logistics.
Immediate occupancy is available, making the space suitable for an owner-user or investor seeking a flexible office/warehouse configuration with outdoor storage capabilities.
Key Highlights
- Office/warehouse facility built in 1958 with 14,246 SF on approx. 2.03 acres
- Warehouse offers 15‑foot clear height (18 feet to the deck) plus a drive‑in overhead door
- Secured fenced yard with outdoor storage capability for equipment and material staging
Local Financial Insights For Office B
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 | $307.7k | $21.60 |
| − Vacancy | −$56.9k | −$4.00 |
| EGI | $250.8k | $17.60 |
| − OpEx | −$62.7k | −$4.40 |
| NOI | $188.1k | $13.20 |
14,246 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.69M
$2.35M – $3.13M
NOI $188,090 @ 7.0% cap · market cap 8.96%
Second Best
Flex RnD
$2.00M
$1.75M – $2.33M
NOI $140,010 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$3.55M
$3.10M – $4.14M
NOI $248,222 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office and warehouse space includes 15-foot clear height, a drive-in overhead door, and a secured fenced yard.
Where is this flex space located?
The property is located at 3235 N EMERSON AVE Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Office/warehouse facility built in 1958 with 14,246 SF on approx. 2.03 acres; Warehouse offers 15‑foot clear height (18 feet to the deck) plus a drive‑in overhead door; Secured fenced yard with outdoor storage capability for equipment and material staging
