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    5705-5797 Park Plaza Ct Indianapolis, IN 46220

    For Lease
    $10 SF/Yr

    Last Flex Unit: 6,300 SF, Ample Parking

    Lot size:
    95,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Park Plaza offers a rare opportunity to lease the last remaining flex/warehouse space within a prime Marion County location. This 6,300 square foot unit is part of a larger 95,080 square foot industrial building, currently operating as a single-tenant property. The space boasts excellent visibility and frontage along Binford Boulevard, providing high-traffic exposure for your business. Enjoy convenient access to major interstates and city thoroughfares, placing you within easy reach of a wide range of amenities including shopping, dining, and fuel stations. Ample on-site parking is available to accommodate your employees and clients. The property is under new ownership and benefits from easy access, making it an ideal location for startups, expanding businesses, or established enterprises seeking a flexible and efficient workspace. This is a truly exceptional opportunity to secure a highly desirable industrial space in a thriving area. Don't miss out on this chance to elevate your business operations. A video tour is available online.

    Property Features for 5705-5797 Park Plaza Ct

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    95,080 SF
    Total Rate
    79233.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,300 SF
    Rate per SF
    $10

    HighLights

    • Flex industrial space available for lease.
    • Last remaining unit in a 95,080 SF building with 6,300 SF currently vacant.
    • Under new ownership.
    • Convenient access to major thoroughfares and interstates.
    • High‑visibility frontage on Binford Blvd.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -86.0740665
    Latitude
    39.8797677

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    FAQs

    What type of property is this?
    Distribution property - Last Flex Unit: 6,300 SF, Ample Parking
    Where is this distribution property located?
    The property is located at 5705-5797 Park Plaza Ct Indianapolis, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Flex industrial space available for lease.; Last remaining unit in a 95,080 SF building with 6,300 SF currently vacant.; Under new ownership.
    Request Owner's contact information
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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
    5705-5797 Park Plaza Ct Indianapolis, IN 46220
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