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Manufacturing Building with Yard
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.

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 (±1% cap)
NOI $158,109 @ 7.0% cap · market cap 9.03%
Second Best
Industrial
$1.86M
$1.63M – $2.17M (±1% cap)
NOI $130,208 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$6.50M
$5.69M – $7.59M (±1% cap)
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

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Law Firm 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

176
Businesses Nearby

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

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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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
More about this property
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