Climate-Controlled Flex Industrial
New
For Sale
$1,800,000
8720 Robbins Road, Indianapolis, IN 46268
Freestanding flex space with fenced outdoor storage, sprinklers, and motion-sensor LED lighting.
Property Size12,102 SF
Price / SF$150
Days on Market2
Property Features for 8720 Robbins Road
General Information
Standard status
Active
Size
12,102 SF
Property subtype
Industrial - Warehouse/Distribution
Zoning
I4
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
12,102 SF
Year Built
1973
Buildings
1
Units
1
Listing Agency:
SVN | Northern Commercial
(317) 863-9271
Listed By:
Wade Wilson · License ##RB20000720
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 4:45AM
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 SVN | Northern Commercial
Investment Insights
Based on property information with market context.
This freestanding flex industrial building contains +/- 12,000 SF and was built in 1973. The interior is fully climate-controlled and protected by a sprinkler system, with motion-sensor LED lighting installed throughout. Fenced parking and storage areas provide secured outdoor space on the property.
The building is located in Park 100 with connectivity to 86th Street and Highway I-465. I4 zoning supports outdoor storage as part of the property’s documented land-use profile.
The building is located in Park 100 with connectivity to 86th Street and Highway I-465. I4 zoning supports outdoor storage as part of the property’s documented land-use profile.
Key Highlights
- +/- 12,000 SF freestanding flex industrial building
- I4 zoning permits outdoor storage
- Fully climate‑controlled interior with sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,936
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,358,720
$2.4M
Cap Rate 7%
$1,684,800
$1.7M
Cap Rate 9%
$1,310,400
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
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.
Gross rent
$201.6K $16.80/SF
− Vacancy
−$20.2K −$1.68/SF
EGI
$181.4K $15.12/SF
− OpEx
−$63.5K −$5.29/SF
NOI
$117.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,358,720
Cap Rate 7%
$1,684,800
Cap Rate 9%
$1,310,400
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.97M
NOI $117,936 @ 7.0% cap · market cap 6.55%
Second Best
Warehouse
$1.04M
$908.0K – $1.21M
NOI $72,638 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $209,088 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Midday Deli & Catering — 5501 W 86th St, Indianapolis, IN 46268
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex space with fenced outdoor storage, sprinklers, and motion-sensor LED lighting.
Where is this flex space located?
The property is located at 8720 Robbins Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: +/- 12,000 SF freestanding flex industrial building; I4 zoning permits outdoor storage; Fully climate‑controlled interior with sprinkler system
