Flex Warehouse with Office
5739 Professional Cir Indianapolis, IN 46241
For Sale
Contact for pricing
Flex warehouse featuring 15,700 SF of office space with three drive-in doors and two dock doors.
Property Size64,806 SF
Price / SF$61.72
Days on Market136
Property Features for 5739 Professional Cir
General Information
Standard status
Active
Size
64,806 SF
Property subtype
INDUSTRIAL
Listing Agency:
Premier Commercial Real Estate Services, Inc.
(317) 679-4046
Listed By:
Matt Ferguson · License #RB17000936
(317) 679-4046
Source:
Moodyscre
Added: Mar 16
Changed: Jul 29
Last Checked: Jul 29 at 3:20AM
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 Premier Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This flex warehouse includes 15,700 SF of office space and a functional loading configuration with three drive-in doors and two dock doors. Drive-in door sizes include 12' x 12' and 8' x 8'. Recent improvements include a new roof, updated mechanical system, exterior LED lighting, and security fencing.
The property is positioned for convenient regional access, with easy connectivity to I-465 and I-70 and close proximity to Indianapolis International Airport.
Overall, the combination of office space and multiple loading options supports a range of light industrial and warehouse-oriented uses, backed by the building’s recent exterior and systems updates.
The property is positioned for convenient regional access, with easy connectivity to I-465 and I-70 and close proximity to Indianapolis International Airport.
Overall, the combination of office space and multiple loading options supports a range of light industrial and warehouse-oriented uses, backed by the building’s recent exterior and systems updates.
Key Highlights
- 15,700 SF flex warehouse with office space
- Three drive‑in doors, including 12' x 12' and 8' x 8'
- Two dock doors for loading
Financial Insights For Industrial
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 | $505.5k | $7.80 |
| − Vacancy | −$44.0k | −$0.68 |
| EGI | $461.5k | $7.12 |
| − OpEx | −$138.5k | −$2.14 |
| NOI | $323.1k | $4.98 |
64,806 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$12.22M
$10.70M – $14.26M
NOI $855,634 @ 7.0% cap · market cap 21.39%
Second Best
Flex RnD
$9.10M
$7.96M – $10.62M
NOI $636,913 @ 7.0% cap · market cap 15.92%
Theoretical Best
Office A
$16.13M
$14.11M – $18.82M
NOI $1,129,180 @ 7.0% cap · market cap 28.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Toasted Mobile Bar — 2760 Fortune Cir E #421381, Indianapolis, IN 46242
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse featuring 15,700 SF of office space with three drive-in doors and two dock doors.
Where is this flex space located?
The property is located at 5739 Professional Cir Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 15,700 SF flex warehouse with office space; Three drive‑in doors, including 12' x 12' and 8' x 8'; Two dock doors for loading
