Multi-Suite Flex
New
For Sale
$825,000
7201 New Augusta Rd, Indianapolis, IN 46268
Three separately arranged suites support occupancy by one business or multiple tenants.
Property Size5,200 SF
Price / SF$158.65
Days on Market5
Property Features for 7201 New Augusta Rd
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
5,200 SF
Tenancy
Multi
Listing Agency:
ALO Property Group
Listed By:
Pat Huffine · License #IN #RB21000964
(317) 670-0373
Source:
Alopg
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 4:51PM
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 ALO Property Group
Investment Insights
Based on property information with market context.
This flex property contains approximately 5,200 SF across three separate suites. Two suites measure approximately 1,200 SF each, while the third is approximately 2,800 SF. The configuration can accommodate a single occupant or separate tenants, with the option for an owner-user to use part of the building and lease the balance.
The property offers access to I-465 and I-65 in Indianapolis.
The property offers access to I-465 and I-65 in Indianapolis.
Key Highlights
- Approximately 5,200 SF flex building
- Three separately configured suites
- Two suites of approximately 1,200 SF and one of approximately 2,800 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,106
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,120
$1.0M
Cap Rate 7%
$730,086
$730.1K
Cap Rate 9%
$567,844
$567.8K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$87.4K $16.80/SF
− Vacancy
−$8.7K −$1.68/SF
EGI
$78.6K $15.12/SF
− OpEx
−$27.5K −$5.29/SF
NOI
$51.1K $9.83/SF
Area
Indianapolis, IN
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,120
Cap Rate 7%
$730,086
Cap Rate 9%
$567,844
Alternative Uses
Best Use
Flex RnD
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$370.3K
$324.0K – $432.0K
NOI $25,922 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,605 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
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
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three separately arranged suites support occupancy by one business or multiple tenants.
Where is this flex space located?
The property is located at 7201 New Augusta Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 5,200 SF flex building; Three separately configured suites; Two suites of approximately 1,200 SF and one of approximately 2,800 SF
