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    Property profile & analytics

    Industry Dr Indianapolis, IN 46219

    • Warehouses
    • 25,380 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Industry Dr

    Year built
    2025
    Property size
    25,380 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0494
    Latitude
    39.7905

    Comparable in this City

    • Value Estimation by Request
      25,300 SF

      Industry Dr

      Distribution properties • 25,300 SF
      0 Industry Dr, Indianapolis, IN 46219
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    • Value Estimation by Request
      28,300 SF

      6500 30Th St

      Distribution properties • 28,300 SF
      6500 30Th St, Indianapolis, IN 46219
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    • Value Estimation by Request
      90,000 SF

      8011 Washington St

      Distribution properties • 90,000 SF
      8011 Washington St, Indianapolis, IN 46219
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    • Value Estimation by Request
      28,300 SF

      6500 30Th St

      Distribution properties • 28,300 SF
      6500 30Th St, Indianapolis, IN 46219
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    • Value Estimation
      $4,275,000
      99,956 SF

      6585 30th St

      WAREHOUSE, STORAGE • 99,956 SF
      6585 30th St, Indianapolis, IN 46219-1101
      View Details
    • Value Estimation
      $3,865,000
      353,322 SF

      6900 30th St

      WAREHOUSE, STORAGE • 353,322 SF
      6900 30th St, Indianapolis, IN 46219-1114
      View Details

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      30,185 SF

      Indianapolis Warehouse - 30,185 SF

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    • $2,700,000
      50,928 SF

      Indianapolis Industrial Facility with Outdoor Storage

      51,000 SF industrial building on 3.46 acres with I3 zoning.
      2828 Tobey Dr, Indianapolis, IN 46219
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      408,395 SF

      Renovated Distribution Facility & Truck Terminal

      408,395 SF distribution facility on 26 acres near I-465.
      333 S Franklin Rd, Indianapolis, IN 46219
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      323,001 SF

      Indianapolis Warehouse with Income Potential

      323,001 SF warehouse on 33.1 acres, 87% leased.
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      118,850 SF

      Indianapolis Freezer/Cooler Warehouse Space

      118,850 SF freezer/cooler warehouse space in Indianapolis, IN.
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    • $375,000
      2,389 SF

      Freestanding Flex Industrial Building

      2,389 SF flex building with fenced parking on 1.19 acres.
      8502 E 30Th St, Indianapolis, IN 46219
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    Similar Nearby for Lease

    • $3 SF/Yr
      320,219 SF

      Franklin Road Warehouse Space

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      2855 Franklin Rd, Indianapolis, IN 46219
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      128,000 SF

      Industrial Space Near I-465

      Available industrial space with city utilities and highway access.
      221 S Franklin Rd, Indianapolis, IN 46219
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      67,082 SF

      Industrial Space with Ample Parking

      67,183 SF industrial space with convenient airport access.
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    • Contact for pricing
      16,000 SF

      Industrial Space Available For Sublease

      16,000 SF industrial space available for sublease in Indianapolis.
      1230 S Post Rd, Indianapolis, IN 46219
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    • $6 SF/Yr
      116,736 SF

      Indianapolis Industrial Space For Lease

      116,736 SF industrial space available for lease in Indianapolis.
      6800 E 30Th St, Indianapolis, IN 46219
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    • Contact for pricing
      173,040 SF

      Industrial Space Available for Lease

      173,040 SF industrial space with easy highway access.
      2900 N Shadeland Ave, Indianapolis, IN 46219
      View Details
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    Industry Dr
    Indianapolis, IN 46219
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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
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