2000 Doctor M.L.K. Jr St Indianapolis, IN 46202
Large industrial lot with three buildings and interstate access.
Property Features for 2000 Doctor M.L.K. Jr St
General Information
- Standard status
- Active
- Size
- 35,900 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1910
Listing office Midland Realty Group Inc (317) 702-8049
Listing date Jul 27, 2022
Source Crexi
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 Midland Realty Group Inc
Investment Insights
Based on property information with market context.
Key Highlights
- Large industrial lot with three buildings.
- Zoned I‑4, suitable for industrial or commercial uses.
- Multiple high doors and recently renovated.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $280.0k | $7.80 |
| − Vacancy | −$24.4k | −$0.68 |
| EGI | $255.7k | $7.12 |
| − OpEx | −$76.7k | −$2.14 |
| NOI | $179.0k | $4.98 |