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    1711 New York St Indianapolis, IN 46222

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    For Lease
    Contact for pricing

    14,014 SF Industrial Space Available

    Lot size:
    30,200 SF

    Property Features for 1711 New York St

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,200 SF
    Class
    C
    Total Rate
    16358.33

    Building Details

    Year Built/Renovated
    1963/2022
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1711 New York St, Indianapolis, IN 46222 Contact us
    Unit Available Space 1

    $6 /Mo

    Size
    14,014 SF
    Contact us

    We can help!

    Listing Contact
    Kathy Brown
    Kathy Brown

    Listing Agency: KMB Realty Group Listing Agent: Kathy Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 30,200-square-foot warehouse, situated on 1.65 acres of land in downtown Indianapolis, presents a unique opportunity. Recently renovated in 2022 under new ownership, the property boasts a Class C designation and offers a single-story building constructed in 1963. Currently, 14,014 square feet of space is immediately available for lease, representing one of three total suites within the building. The minimum divisible space is also 14,014 square feet, making it ideal for a single tenant seeking a substantial footprint. The space features impressive ceiling heights ranging from 15.6 to 17.6 feet, providing ample vertical clearance for various industrial uses. Convenient access is provided by four dock-high doors and one drive-in door. The property is zoned I-4 and offers robust power capabilities with 240/480 V service. This prime location just off the White River Parkway offers excellent visibility and accessibility. The recent renovations ensure a modern and functional space ready for immediate occupancy. This is a rare opportunity to secure significant industrial space in a desirable downtown Indianapolis location. The building's convenient access and ample space make it suitable for a variety of industrial and warehousing operations. Don't miss this chance to establish your business in this revitalized property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AllSource Construction Specialties Construction Company 1711 W New ... Parking Lot & Garage Circle Building Inc Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.191487663512
    Latitude
    39.771530159794

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    FAQs

    What type of property is this?
    Distribution center - 14,014 SF Industrial Space Available
    Where is this distribution center located?
    The property is located at 1711 New York St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 14,014 SF of vacant warehouse space available for lease in a 30,200 SF building.; Building features 4 dock-high doors and 1 drive-in door.; High ceilings ranging from 15.6' to 17.6'.
    Request Owner's contact information
    1711 New York St Indianapolis, IN 46222
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    Indianapolis, IN 46222
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1711 New York St Indianapolis, IN 46222
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    Contact for Pricing
    Please call us for current price
    and status of this listing Kathy Brown
    Kathy Brown
    Real Estate License ID: INDIANALIC#RB14027388
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