Manufacturing Property with Drive-In
For Sale
$1,075,000
3369 Boulevard Place, Indianapolis, IN 46208
Warehouse improvements include office areas, dedicated parking, and additional parcels behind the building.
Property Size8,016 SF
Lot Size0.54 Acres
Price / SF$134.11
Days on Market48
Property Features for 3369 Boulevard Place
General Information
Standard status
Active
Size
8,016 SF
Class
B
Lot size
0.54 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Building Size
8,016 SF
Year Built
1967
Buildings
1
Properties For Sale
at 3369 Boulevard Place
North Side 3-Parcel Industrial Opportunity
Size
8,016 SF
Lease Type
NNN
Listing Agency:
SVN | Northern Commercial
Listed By:
Jess Lawhead · License #IN RB14047741
(317) 843-8448
Source:
Thebrokerlist
Added: Aug 28
Changed: Oct 14
Last Checked: Oct 12 at 4:42PM
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
Investment Insights
Based on property information with market context.
This manufacturing property combines an 8,016-square-foot warehouse with supporting land for operational flexibility. The 0.32-acre parcel contains a building suited to manufacturing and assembly, with ceiling heights reaching 16 feet, several office areas, a 10-foot drive-in door, and dedicated on-site parking. Two additional 0.11-acre parcels sit immediately behind the warehouse and can accommodate parking, outdoor storage, another building, or expansion.
The property is located at 3369 Boulevard Place on Indianapolis’s north side, with access to I-65, I-70, and North Keystone Avenue. Downtown Indianapolis, Broad Ripple, Meridian-Kessler, and nearby retail, restaurants, and services are accessible from the site. The building was constructed in 1967.
The property is located at 3369 Boulevard Place on Indianapolis’s north side, with access to I-65, I-70, and North Keystone Avenue. Downtown Indianapolis, Broad Ripple, Meridian-Kessler, and nearby retail, restaurants, and services are accessible from the site. The building was constructed in 1967.
Key Highlights
- 8,016 SF warehouse on a 0.32‑acre parcel
- Two additional 0.11‑acre parcels directly behind the building
- Ceiling heights reach 16 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,522
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,440
$970.4K
Cap Rate 7%
$693,171
$693.2K
Cap Rate 9%
$539,133
$539.1K
Market Conditions
NOI Build-Up for 8,016 SF
Gross rent
$62.5K $7.80/SF
− Vacancy
−$5.4K −$0.68/SF
EGI
$57.1K $7.12/SF
− OpEx
−$8.6K −$1.07/SF
NOI
$48.5K $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%
$970,440
Cap Rate 7%
$693,171
Cap Rate 9%
$539,133
Alternative Uses
Best Use
Warehouse
$693.2K
$606.5K – $808.7K
NOI $48,522 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$570.9K
$499.5K – $666.0K
NOI $39,960 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,671 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Warehouse improvements include office areas, dedicated parking, and additional parcels behind the building.
Where is this manufacturing property located?
The property is located at 3369 Boulevard Place Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 8,016 SF warehouse on a 0.32‑acre parcel; Two additional 0.11‑acre parcels directly behind the building; Ceiling heights reach 16 feet
