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Property profile & analytics
OFF-MARKET
Warehouses

2051 Sherbrook Ave Indianapolis, IN 46218

41,932 SF 1.17 ac lot
Property ID
Property summary
AI-generated overview

This expansive 41,932-square-foot industrial warehouse, located at 2051 Sherbrook Ave, Indianapolis, IN 46218, presents a prime owner-user opportunity. Situated on a 1.17-acre lot, this single-story building boasts a 15' 6" ceiling height and features five loading docks (three 8'x10' and two 8'x9' docks with levelers), plus one 14' drive-in door. Recent renovations (2023) include new LED lighting, dock doors, hanging heaters, windows, and a complete interior/exterior paint job. A new security system with cameras enhances safety. The property offers 3-phase, 800-amp, 240/120V power and a fully sprinklered fire protection system. Its location provides excellent access to I-70 and I-465, making it strategically advantageous for distribution and manufacturing operations. Asking price is $3,000,000 ($71.54/sq ft). The property is currently vacant.

Property profile
Verified
Property type Warehouses
Total area 41,932 SF
Lot 1.17 ac (50,965 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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