Industrial Space Near Major
450 S Kitley Ave Indianapolis, IN
For Sale
Contact for pricing
35,000 SF industrial space with office and easy highway access.
Property Size35,000 SF
Lot Size4.06 Acres
Price / SF$146.86
Days on Market252
Property Features for 450 S Kitley Ave
General Information
Standard status
Active
Size
35,000 SF
Lot size
4.06 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Greenstone Partners - Corporate
(312) 234-0371
Listed By:
Jason St. John
(312) 234-0371
Source:
Moodyscre
Added: Nov 20, 2025
Changed: Jul 6
Last Checked: Jul 22 at 4:20AM
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 Greenstone Partners - Corporate
Investment Insights
Based on property information with market context.
This industrial property offers 35,000 square feet of available space, including 6,694 square feet of office space that can be easily reduced. The warehouse features three docks and two drive-in doors, with a clear height of 16 feet. It is equipped with a wet sprinkler system and is zoned I-2. The location provides quick access to I-465, I-70, and I-74.
Key Highlights
- Quick access to I‑465, I‑70 and I‑74
- 35,000 SF available
- 3 docks / 2 drive‑ins
Financial Insights For Warehouse
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 | $273.0k | $7.80 |
| − Vacancy | −$23.8k | −$0.68 |
| EGI | $249.2k | $7.12 |
| − OpEx | −$37.4k | −$1.07 |
| NOI | $211.9k | $6.05 |
35,000 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.03M
$2.65M – $3.53M
NOI $211,862 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$2.49M
$2.18M – $2.91M
NOI $174,474 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$8.71M
$7.62M – $10.16M
NOI $609,840 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Brookville Rd Self Storage — 6143 S Brookville Rd, Indianapolis, IN 46219
- U-STOR Self Storage — 6715 E Washington St, Indianapolis, IN 46219
- MHG Storage — 1220 Brookville Way, Indianapolis, IN 46239
- Storage On-Site, LLC — 7019 S Brookville Rd, Indianapolis, IN 46239
Frequently Asked Questions
What type of property is this?
Warehouse - 35,000 SF industrial space with office and easy highway access.
Where is this warehouse located?
The property is located at 450 S Kitley Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $5,140,000.
What are key features of this property?
This property features: Quick access to I‑465, I‑70 and I‑74; **35,000 SF available**; 3 docks / 2 drive‑ins
