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    5850 Fortune Cir Indianapolis, IN 46241

    For Lease
    $15 SF/Yr

    Modern Flex Space, I-465 Access

    Lot size:
    18,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional flex space at 5850 Fortune Circle West Drive in Indianapolis, Indiana, offers 18,916 square feet of versatile commercial space, divisible to a minimum of 4,729 square feet. The property is a two-story Class B building with 93 total parking spaces and convenient drive-in access. The building boasts newly installed HVAC, electrical, and plumbing systems, ensuring efficient and modern operation. The space is delivered in whitebox condition, allowing for complete customization to suit your specific business needs. Modernized common area restrooms add to the overall appeal. This prime location provides excellent access to major transportation arteries, including I-465, I-70, and the Indianapolis International Airport. The property also offers a valuable I-465 signage opportunity for increased brand visibility. The building is equipped with a sprinkler system for enhanced safety. This is an ideal opportunity for businesses seeking flexible, well-maintained space with excellent accessibility and visibility in a thriving Indianapolis location. The zip code is 46241.

    Property Features for 5850 Fortune Cir

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,916 SF
    Class
    B
    Total Rate
    23645

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    18,916 SF
    Rate per SF
    $15
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.263116
    Latitude
    39.7275512

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    FAQs

    What type of property is this?
    Flex space - Modern Flex Space, I-465 Access
    Where is this flex space located?
    The property is located at 5850 Fortune Cir Indianapolis, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    5850 Fortune Cir Indianapolis, IN 46241
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    Indianapolis, IN 46241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5850 Fortune Cir Indianapolis, IN 46241
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