Industrial Flex Building with Overhead
6550 Guion Rd, Indianapolis, IN 46268
For Sale
$1,102,950
Steel-frame flex facility combining substantial office space with warehouse functionality and multiple private offices.
Property Size11,610 SF
Price / SF$95
Days on Market54
Property Features for 6550 Guion Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Asking Price
Amenities
breakroom
Building Details
Building Size
Year Built
Construction
Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Melissa Blackwell · License IN RB15000222
(317) 384-9756
Source:
Tcnworldwide
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 12 at 4:31AM
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.
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 industrial flex property contains 11,610± SF, including 5,108± SF of office area and 6,502± SF of warehouse space. The building has a steel frame, steel and masonry exterior, and concrete slab foundation. Office areas are served by complete HVAC, while the warehouse includes a suspended heating system. Interior features include multiple private offices, several restrooms, and a breakroom.
Three overhead doors support warehouse operations: two measuring 14' x 12' and one measuring 9' x 9'. Originally constructed in 1974, the facility includes an addition completed in the 1990s. A new septic line to sewer was completed in 2025, and the property has potential for rail access. The building is located at 6550 Guion Rd in Indianapolis, Indiana.
Three overhead doors support warehouse operations: two measuring 14' x 12' and one measuring 9' x 9'. Originally constructed in 1974, the facility includes an addition completed in the 1990s. A new septic line to sewer was completed in 2025, and the property has potential for rail access. The building is located at 6550 Guion Rd in Indianapolis, Indiana.
Key Highlights
- 11,610± SF total building area with 5,108± SF of office and 6,502± SF of warehouse space
- Three overhead doors: two 14' x 12' and one 9' x 9'
- Steel frame with steel and masonry exterior and concrete slab foundation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,278
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,560
$1.4M
Cap Rate 7%
$1,003,971
$1.0M
Cap Rate 9%
$780,867
$780.9K
Market Conditions
NOI Build-Up for 11,610 SF
Gross rent
$90.6K $7.80/SF
− Vacancy
−$7.9K −$0.68/SF
EGI
$82.7K $7.12/SF
− OpEx
−$12.4K −$1.07/SF
NOI
$70.3K $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%
$1,405,560
Cap Rate 7%
$1,003,971
Cap Rate 9%
$780,867
Alternative Uses
Best Use
Flex RnD
$1.63M
$1.43M – $1.90M
NOI $114,103 @ 7.0% cap · market cap 10.35%
Second Best
Warehouse
$1.00M
$878.5K – $1.17M
NOI $70,278 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,293 @ 7.0% cap · market cap 18.34%
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
382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46268, IN
26,353
Population
11,904
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
2,075
Density / Sq Mi
$63,322
Median Household Income
$41,596
Median Earnings
$1,171
Median Rent
$208,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Indianapolis, IN
Properties on Market for Flex space in Indianapolis
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Flex space - Steel-frame flex facility combining substantial office space with warehouse functionality and multiple private offices.
Where is this flex space located?
The property is located at 6550 Guion Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,102,950.
What are key features of this property?
This property features: 11,610± SF total building area with 5,108± SF of office and 6,502± SF of warehouse space; Three overhead doors: two 14' x 12' and one 9' x 9'; Steel frame with steel and masonry exterior and concrete slab foundation
