Flex Space with Drive-In
For Sale
Contact for pricing
8701 Motorsports Way #500-600, Brownsburg, IN 46112
Industrial workspace combines office or retail area with mezzanine storage and three-phase power service.
Property Size8,750 SF
Price / SF$0.87
Days on Market31
Property Features for 8701 Motorsports Way #500-600
General Information
Standard status
Active
Size
8,750 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
1,200 SF
Mezzanine
1,200 SF
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Additional Details
Property Use
Flex/Industrial
Building Details
Year Built
2008
Listing Agency:
Gardner Property Group
(317) 804-1795
Listed By:
Cory Gardner · License #RB17000430
(260) 705-7325
Source:
Indianagoldgroup
Added: Oct 2
Changed: Nov 1
Last Checked: Oct 31 at 9:08PM
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 Gardner Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,750-square-foot flex space was built in 2008 and measures 70 feet by 125 feet. Approximately 1,200 square feet is configured as office or retail space, with an additional 1,200-square-foot mezzanine. Two rear drive-in doors measure 14 by 16 feet each. The building has a 24-foot ceiling height and 20 feet of clear height, plus 200–400 amp, three-phase power service. Commercial roof HVAC was installed in 2022, and the unit is available within 30 days.
The surrounding area includes motorsports and construction industry uses.
The surrounding area includes motorsports and construction industry uses.
Key Highlights
- 8,750 square feet; unit dimensions are 70' x 125'
- Approximately 1,200 SF of office or retail space plus 1,200 SF of mezzanine
- Two rear drive‑in doors, each 14x16
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,460
$1.0M
Cap Rate 7%
$741,043
$741.0K
Cap Rate 9%
$576,367
$576.4K
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$78.8K $9.00/SF
− Vacancy
−$4.6K −$0.53/SF
EGI
$74.1K $8.47/SF
− OpEx
−$22.2K −$2.54/SF
NOI
$51.9K $5.93/SF
Area
Hendricks County, IN
Vacancy
5.90%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,460
Cap Rate 7%
$741,043
Cap Rate 9%
$576,367
Alternative Uses
Best Use
Flex RnD
$1.04M
$912.2K – $1.22M
NOI $72,973 @ 7.0% cap · market cap 953.15%
Second Best
Warehouse
$899.8K
$787.4K – $1.05M
NOI $62,988 @ 7.0% cap · market cap 822.73%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,754 @ 7.0% cap · market cap 2,008.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46112, IN
41,562
Population
15,790
Households
2.6
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
987
Density / Sq Mi
$113,293
Median Household Income
$57,619
Median Earnings
$1,394
Median Rent
$295,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial workspace combines office or retail area with mezzanine storage and three-phase power service.
Where is this flex space located?
The property is located at 8701 Motorsports Way #500-600 Brownsburg, IN.
What are key features of this property?
This property features: 8,750 square feet; unit dimensions are 70' x 125'; Approximately 1,200 SF of office or retail space plus 1,200 SF of mezzanine; Two rear drive‑in doors, each 14x16
