Warehouse with Office and Dock-High
For Sale
Contact for pricing
5905 Decatur Blvd, Indianapolis, IN 46241
Well-maintained 30,090 SF warehouse with 7,357 SF office, dock-high and drive-in doors, and 28' clear height.
Property Size30,090 SF
Lot Size3.00 Acres
Price / SF$166
Days on Market122
Property Features for 5905 Decatur Blvd
General Information
Standard status
Active
Size
30,090 SF
Lot size
3.00 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Building Details
Year Built
2006
Listing Agency:
Bradley Company - Corporate
(317) 258-0179
Listed By:
JoLynn Shallop Wright
(317) 716-1944
Source:
Moodyscre
Added: Apr 2
Changed: Jul 26
Last Checked: Jul 26 at 4:28AM
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 Bradley Company - Corporate
Investment Insights
Based on property information with market context.
This well-maintained warehouse facility was built in 2006 and totals 30,090 SF, including 22,733 SF of warehouse space and 7,357 SF of office space. The building offers 28’ clear height with column spacing described as 40’ x 40’ and 40’ x 45’. Loading is supported by (2) dock-high doors sized 9’ x 10’ and 9’ x 12’, plus (1) drive-in door sized 12’ x 14’. Electrical service is 480V, 3-phase.
The property includes approximately 3 acres and is expandable by an additional 10,000 SF, supporting future growth. Located at 5905 Decatur Blvd in Indianapolis, IN 46241.
Warehouse access includes both dock-high and drive-in configurations, providing operational flexibility while keeping office space separated within the existing layout.
The property includes approximately 3 acres and is expandable by an additional 10,000 SF, supporting future growth. Located at 5905 Decatur Blvd in Indianapolis, IN 46241.
Warehouse access includes both dock-high and drive-in configurations, providing operational flexibility while keeping office space separated within the existing layout.
Key Highlights
- 30,090 SF total building with 22,733 SF warehouse and 7,357 SF office
- Expandable by an additional 10,000 SF on 3 acres
- (2) dock‑high doors: 9' x 10' and 9' x 12'
Financial Insights For Office B
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 | $649.9k | $21.60 |
| − Vacancy | −$120.2k | −$4.00 |
| EGI | $529.7k | $17.60 |
| − OpEx | −$132.4k | −$4.40 |
| NOI | $397.3k | $13.20 |
30,090 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.68M
$4.97M – $6.62M
NOI $397,278 @ 7.0% cap · market cap 7.95%
Second Best
Flex RnD
$4.22M
$3.70M – $4.93M
NOI $295,725 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$7.49M
$6.55M – $8.74M
NOI $524,288 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
28 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
139
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 Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained 30,090 SF warehouse with 7,357 SF office, dock-high and drive-in doors, and 28' clear height.
Where is this flex space located?
The property is located at 5905 Decatur Blvd Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 30,090 SF total building with 22,733 SF warehouse and 7,357 SF office; Expandable by an additional 10,000 SF on 3 acres; (2) dock‑high doors: 9' x 10' and 9' x 12'
