Manufacturing Building with
For Sale
$1,750,000
3752 Kentucky Avenue, Indianapolis, IN 46221
Overhead door access supports movement of materials between the building and its on-site yard.
Property Size26,120 SF
Days on Market8
Property Features for 3752 Kentucky Avenue
General Information
Standard status
Active
Size
26,120 SF
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
26,120 SF
Year Built
1978
Listing Agency:
Coombes Real Estate
Listed By:
Robert Coombes · License #RB17000978
Source:
Commercialcafe
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 5:06PM
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 Coombes Real Estate
Investment Insights
Based on property information with market context.
This 1978 manufacturing property in southwest Indianapolis combines a functional industrial layout with overhead door access and an on-site yard. Its configuration supports warehouse, production, storage, or owner-user operations.
Kentucky Avenue provides the property’s street location, with connections to I-465 and I-70. The surrounding corridor includes industrial, commercial, and neighborhood-serving businesses.
Kentucky Avenue provides the property’s street location, with connections to I-465 and I-70. The surrounding corridor includes industrial, commercial, and neighborhood-serving businesses.
Key Highlights
- On‑site yard area
- Overhead door access
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,109
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,162,180
$3.2M
Cap Rate 7%
$2,258,700
$2.3M
Cap Rate 9%
$1,756,767
$1.8M
Market Conditions
NOI Build-Up for 26,120 SF
Gross rent
$203.7K $7.80/SF
− Vacancy
−$17.7K −$0.68/SF
EGI
$186.0K $7.12/SF
− OpEx
−$27.9K −$1.07/SF
NOI
$158.1K $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%
$3,162,180
Cap Rate 7%
$2,258,700
Cap Rate 9%
$1,756,767
Alternative Uses
Best Use
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,109 @ 7.0% cap · market cap 9.03%
Second Best
Industrial
$1.86M
$1.63M – $2.17M
NOI $130,208 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$6.50M
$5.69M – $7.59M
NOI $455,115 @ 7.0% cap · market cap 26.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Overhead door access supports movement of materials between the building and its on-site yard.
Where is this manufacturing property located?
The property is located at 3752 Kentucky Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: On‑site yard area; Overhead door access; Built in 1978
