Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2364 Production Dr Indianapolis, IN 46241
    Back to Search
    Property profile & analytics

    2364 Production Dr, Indianapolis, IN 46241

    View on Map
    • Warehouses
    • 10,224 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2364 Production Dr

    Year built
    1984
    Lot size
    1.00 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 10,224-square-foot warehouse, situated on approximately one acre of land, presents a compelling opportunity for a single-tenant user or investor. Located less than a mile from I-465, this property boasts convenient access to major transportation arteries. Built in 1984 and extensively renovated in 2024, the building is in excellent condition and ready for immediate occupancy. The warehouse features a high ceiling ranging from 18.5 to 19.5 feet, providing ample vertical storage space. Loading and unloading are facilitated by one dock-high door and two drive-in doors, ensuring efficient operations. The I-3 zoning classification allows for a wide range of industrial uses, making this property highly versatile. The single-tenant occupancy provides a streamlined and efficient operational environment. This property offers a unique blend of functionality, location, and modern upgrades, making it an attractive investment or operational base for a variety of businesses. The recent renovation ensures the building meets contemporary standards for efficiency and functionality. Its strategic location near I-465 provides easy access to a large workforce and regional distribution networks. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market.

    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
    -86.2606
    Latitude
    39.7321

    Comparable in this City

    • Value Estimation by Request

      1820 Stout Fld Dr

      Distribution properties
      1820 Stout Fld Dr, Indianapolis, IN 46241
      View Details
    • Value Estimation by Request
      8,200 SF

      2350 Executive Dr

      Distribution properties
      2350 Executive Dr, Indianapolis city (balance), IN 46241
      View Details
    • Value Estimation by Request
      7,900 SF

      2350 Executive Dr

      Distribution properties
      2350 Executive Dr, Indianapolis city (balance), IN 46241
      View Details
    • Value Estimation by Request
      9,151 SF

      4250 Morris St

      Distribution properties
      4250 Morris St, Indianapolis, IN 46241
      View Details
    • Value Estimation by Request
      10,224 SF

      2364 Production Dr

      Distribution properties
      2364 Production Dr, Indianapolis, IN 46241
      View Details
    • Value Estimation by Request
      36,180 SF

      5522-5538 Raymond St

      Distribution properties
      5522-5538 Raymond St, Indianapolis, IN 46241
      View Details

    Similar Nearby for Sale

    • $4,350,000
      49,000 SF

      Indianapolis Industrial Facility For Sale

      49,000 SF industrial facility in desirable southwest submarket.
      2334 Production Dr, Indianapolis, IN 46241
      View Details
    • $4,000,000

      Indianapolis Industrial Property with Office

      64,806 SF industrial property with 15,700 SF office space.
      5739 Professional Cir, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      11,750 SF

      Industrial Portfolio with Billboard Lease

      Three-building industrial portfolio with billboard lease and I-70 access.
      4200 W Morris St, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      214,200 SF

      Directors Row Business Center

      Eight-building office and flex-industrial campus near Indianapolis International Airport.
      2401 Directors Row, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      214,200 SF

      Industrial Warehouse Space For Rent

      6,600 SF warehouse space available for lease.
      2495 Directors Row, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      11,415 SF

      Leased Industrial Building For Sale

      11,415 SF industrial building, fully leased, with expansion potential.
      5770 W Minnesota St, Indianapolis, IN 46241
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      64,519 SF

      Indianapolis Warehouse Space Available

      64,519 SF Warehouse, I-465 Access
      5739 Professional Cir, Indianapolis, IN 46241
      View Details
    • Contact for pricing

      Warehouse Space Near Airport

      19,384 SF warehouse space with flexible layout for lease.
      6352 Airway Dr, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      36,320 SF

      Industrial Space with Office

      27,748 SF industrial space featuring office and dock doors.
      4557 W Bradbury Ave, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      2,100 SF

      Industrial Space Near Airport

      55,500 SF industrial space with immediate highway access.
      7025-7125 Girls School Ave, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      111,296 SF

      Warehouse with Fenced Trailer Spaces

      111,296 SF warehouse with AC and fenced trailer parking.
      5345 Decatur Blvd, Indianapolis, IN 46241
      View Details
    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      Single tenant industrial warehouse space available for lease.
      5625 Decatur Blvd, Indianapolis, IN 46241
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2364 Production Dr
    Indianapolis, IN 46241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2364 Production Dr, Indianapolis, IN, 46241
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!