Flex Industrial Space with
7522 E Pendleton Pike, Indianapolis, IN 46226
For Sale
New
$4,250,000
Pendleton Pike frontage provides access to I-465, I-70, and northeast Indianapolis.
Property Size28,972 SF
Price / SF$209.31
Days on Market2
Property Features for 7522 E Pendleton Pike
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Mixed-Use Components
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Additional Details
Property Use
Amenities
conference room
kitchenette
Building Details
Building Size
Year Built
Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Matt Ferguson · License IN RB17000936
(317) 679-4046
Source:
Tcnworldwide
Added: Nov 12
Last Checked: Sep 6 at 3:41AM
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.
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Investment Insights
Based on property information with market context.
This flex industrial suite combines 6,155 SF of showroom area with 11,500 SF of warehouse space. The 2,650 SF office component is furnished and includes three private offices, a conference room, a kitchenette, and an open cubicle area. Two drive-in doors and one dock door serve the space, which also has existing racking.
The property is on Pendleton Pike, with access to I-465, I-70, and the northeast Indianapolis area. The suite may be combined with a neighboring space, creating configurations ranging from 21,456 SF to 28,972 SF.
The property is on Pendleton Pike, with access to I-465, I-70, and the northeast Indianapolis area. The suite may be combined with a neighboring space, creating configurations ranging from 21,456 SF to 28,972 SF.
Key Highlights
- 6,155 SF showroom and 11,500 SF warehouse
- Furnished 2,650 SF office area with three offices, conference room, kitchenette, and cubicles
- Two drive‑in doors and one dock door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,581
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,931,620
$4.9M
Cap Rate 7%
$3,522,586
$3.5M
Cap Rate 9%
$2,739,789
$2.7M
Market Conditions
NOI Build-Up for 20,305 SF
Gross rent
$385.0K $18.96/SF
− Vacancy
−$32.7K −$1.61/SF
EGI
$352.3K $17.35/SF
− OpEx
−$105.7K −$5.20/SF
NOI
$246.6K $12.14/SF
Area
ZIP 46226
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,931,620
Cap Rate 7%
$3,522,586
Cap Rate 9%
$2,739,789
Alternative Uses
Best Use
Retail
$3.52M
$3.08M – $4.11M
NOI $246,581 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$2.57M
$2.25M – $3.00M
NOI $180,156 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$5.33M
$4.66M – $6.21M
NOI $372,800 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46226, IN
43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Pendleton Pike frontage provides access to I-465, I-70, and northeast Indianapolis.
Where is this flex space located?
The property is located at 7522 E Pendleton Pike Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 6,155 SF showroom and 11,500 SF warehouse; Furnished 2,650 SF office area with three offices, conference room, kitchenette, and cubicles; Two drive‑in doors and one dock door
