Industrial Property with Six
For Sale
$4,935,000
5310 E 25th St, Indianapolis, IN 46218
The six-parcel offering combines an occupied industrial building with additional land zoned for industrial use and outdoor storage.
Property Size33,420 SF
Lot Size4.51 Acres
Price / SF$147.67
Days on Market8
Property Features for 5310 E 25th St
General Information
Standard status
Active
Size
33,420 SF
Lot size
4.51 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Speedway
Outdoor Storage
Yes
Additional Details
Cap Rate
7.75%
Land Use
industrial, outdoor storage
Tenant in Place
Yes
Property Use
Industrial
Building Details
Year Built
1989
Buildings
1
Building Size
33,420 SF
Listing Agency:
Highgarden Real Estate
Listed By:
Albert Stancato () · License #RB16000255
(317) 280-4663
Source:
Fortwayneareahomesforsale
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 3 at 6:45AM
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 Highgarden Real Estate
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Investment Insights
Based on property information with market context.
The offering includes a 33,420-square-foot industrial building constructed in 1989 at 5310 E 25th St. A tenant occupies the property, and a lease extension beyond the current three-year term is planned. The proposed extension includes rental growth tied to outdoor storage use and development of the I-3-zoned land.
Five additional parcels are included in the sale. Four are zoned I-2, and the remaining parcel is zoned I-3. The I-2 parcels are undeveloped and are identified for potential industrial construction or separate sale. The property comprises six parcels across E 25th St and N Butler Ave in Indianapolis.
Five additional parcels are included in the sale. Four are zoned I-2, and the remaining parcel is zoned I-3. The I-2 parcels are undeveloped and are identified for potential industrial construction or separate sale. The property comprises six parcels across E 25th St and N Butler Ave in Indianapolis.
Key Highlights
- 33,420‑square‑foot industrial building constructed in 1989
- Six parcels included in the sale
- I‑3‑zoned land identified for outdoor storage use and development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,598
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,331,960
$3.3M
Cap Rate 7%
$2,379,971
$2.4M
Cap Rate 9%
$1,851,089
$1.9M
Market Conditions
NOI Build-Up for 33,420 SF
Gross rent
$260.7K $7.80/SF
− Vacancy
−$22.7K −$0.68/SF
EGI
$238.0K $7.12/SF
− OpEx
−$71.4K −$2.14/SF
NOI
$166.6K $4.98/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,331,960
Cap Rate 7%
$2,379,971
Cap Rate 9%
$1,851,089
Alternative Uses
Best Use
Industrial
$2.38M
$2.08M – $2.78M
NOI $166,598 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.32M
$7.28M – $9.71M
NOI $582,310 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Industrial property - The six-parcel offering combines an occupied industrial building with additional land zoned for industrial use and outdoor storage.
Where is this industrial property located?
The property is located at 5310 E 25th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,935,000.
What are key features of this property?
This property features: 33,420‑square‑foot industrial building constructed in 1989; Six parcels included in the sale; I‑3‑zoned land identified for outdoor storage use and development
