Industrial Warehouse with Drive-In
For Sale
Contact for pricing
5739 Professional Circle #B, Indianapolis, IN 46241
Warehouse space offers a functional layout and convenient access to Indianapolis International Airport and major interstate routes.
Property Size10,517 SF
Price / SF$0.86
Days on Market63
Property Features for 5739 Professional Circle #B
General Information
Standard status
Active
Size
10,517 SF
Property subtype
Industrial
Site & Location
Neighborhood
Park Fletcher
Highway Access
Yes
Listing Agency:
Keller Williams Indy Metro Partners
(317) 882-5900
Listed By:
Malak Dib
(626) 899-7667
Source:
Locksteprealty
Added: Aug 28
Changed: Oct 28
Last Checked: Oct 28 at 2:48PM
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 Keller Williams Indy Metro Partners
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.
This 10,517-square-foot industrial warehouse at 5739 Professional Circle, Suite B, has a functional warehouse layout and drive-in access. The space is available for immediate occupancy.
The property is in the Park Fletcher area, with convenient access to Indianapolis International Airport and major interstate routes. Lease terms include a two-year minimum and a one-year personal guarantee.
The property is in the Park Fletcher area, with convenient access to Indianapolis International Airport and major interstate routes. Lease terms include a two-year minimum and a one-year personal guarantee.
Key Highlights
- 10,517 SF of industrial warehouse space
- Drive‑in access
- Located in the Park Fletcher area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,220
$1.3M
Cap Rate 7%
$909,443
$909.4K
Cap Rate 9%
$707,344
$707.3K
Market Conditions
NOI Build-Up for 10,517 SF
Gross rent
$82.0K $7.80/SF
− Vacancy
−$7.1K −$0.68/SF
EGI
$74.9K $7.12/SF
− OpEx
−$11.2K −$1.07/SF
NOI
$63.7K $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%
$1,273,220
Cap Rate 7%
$909,443
Cap Rate 9%
$707,344
Alternative Uses
Best Use
Warehouse
$909.4K
$795.8K – $1.06M
NOI $63,661 @ 7.0% cap · market cap 707.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,248 @ 7.0% cap · market cap 2,036.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46241, IN
33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Similar Off Market Nearby
- Accurate Express Movers — 2840 Fortune Cir E ste b, Indianapolis, IN 46241
- Storage Express — 2950 S Lynhurst Dr, Indianapolis, IN 46241
- K&N warehouse — US-40, Indianapolis, IN 46241
- Self Storage — 5730 Fortune Cir W, Indianapolis, IN 46241
- Lynhurst Self Storage — 5051 W Bradbury Ave, Indianapolis, IN 46241
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space offers a functional layout and convenient access to Indianapolis International Airport and major interstate routes.
Where is this warehouse located?
The property is located at 5739 Professional Circle #B Indianapolis, IN.
What are key features of this property?
This property features: 10,517 SF of industrial warehouse space; Drive‑in access; Located in the Park Fletcher area
