Six-Parcel Industrial
New
For Sale
$4,935,000
5310 E 25th Street, Indianapolis, IN 46218
Commercial Sale, Indianapolis, IN
Property Size33,420 SF
Lot Size2.12 Acres
Price / SF$147.67
Days on Market2
Property Features for 5310 E 25th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2 & I-3 Marion County
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4905 - Marion - Warren
Standard status
Active
APN
490727111022000701
Lot size
2.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Se1/4 Nw1/4 S27 T16 R4 Beg 426.30Ft N Of Sw Corne 257.64Ft S 360.75Ft Sw 257.64Ft N 360.75Ftto Beg 2.12Ac
Tax Annual Amount
53422
Legal Description
Pt Se1/4 Nw1/4 S27 T16 R4 Beg 426.30Ft N Of Sw Corne 257.64Ft S 360.75Ft Sw 257.64Ft N 360.75Ftto Beg 2.12Ac
Building Details
Year built
1989
Buildings
1
Listing Agency:
Highgarden Real Estate
(317) 205-4320
Listed By:
Albert Stancato · License #RB16000255
(317) 280-4663
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 29 at 5:06PM
MLS# 22133945
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering combines six industrial parcels in Indianapolis. The 2.12-acre parcel at 5310 E 25th Street contains a 33,420-square-foot building constructed in 1989. A separate 1.51-acre parcel is zoned I-3, while four additional undeveloped parcels carry I-2 zoning. The listing identifies zoning as I-2 and I-3 in Marion County.
An established tenant occupies the property under a current three-year lease term. A lease extension is planned, with proposed rental growth tied to outdoor storage use and development on the I-3 parcel. The projected 7.75% cap rate is associated with that proposed extension. The six parcels range from 0.15 to 2.12 acres, offering a mix of occupied industrial space and undeveloped land.
An established tenant occupies the property under a current three-year lease term. A lease extension is planned, with proposed rental growth tied to outdoor storage use and development on the I-3 parcel. The projected 7.75% cap rate is associated with that proposed extension. The six parcels range from 0.15 to 2.12 acres, offering a mix of occupied industrial space and undeveloped land.
Key Highlights
- Six parcels included in the sale
- 33,420‑square‑foot building on a 2.12‑acre parcel; built in 1989
- Five additional parcels range from 0.15 to 1.51 acres
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Industrial property - An existing industrial tenant occupies a 33,420-square-foot building, with five additional parcels included in the sale.
Where is this industrial property located?
The property is located at 5310 E 25th Street 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: Six parcels included in the sale; 33,420‑square‑foot building on a 2.12‑acre parcel; built in 1989; Five additional parcels range from 0.15 to 1.51 acres
