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Property profile & analytics
OFF-MARKET
Warehouses

2350 Executive Dr Indianapolis city (balance), IN 46241

7,900 SF 1.8 ac lot Built 1970
Property ID
Property summary
AI-generated overview

This 7,900-square-foot warehouse, located at 2350 Executive Drive in Indianapolis, Indiana, presents a compelling investment opportunity. Situated on a 1.8-acre lot within a popular industrial park in southwest Indianapolis, this property offers convenient access to I-70 and I-465, ensuring efficient transportation. The building, constructed in 1970 and boasting a complete roof replacement in 2021, features a 16-foot ceiling height, ample parking (26 spaces), and convenient loading options including one dock door (9' x 10'), and two grade-level drive-ins (12' x 12' and 9' x 10'). The interior comprises 5,000 square feet of warehouse space and 2,900 square feet of office space, currently configured with eight private offices and two restrooms. The office space is adaptable and could be removed to increase warehouse area. The property benefits from 400 amps, 240v, 3-phase power. Currently 100% occupied with a lease expiring July 10, 2024, this NNN-leased, single-tenant property is zoned I-1 and offers a strong return on investment. Its proximity to the airport and major distribution centers, such as the Amazon facility in Plainfield, further enhances its desirability. The asking price is $998,800, translating to $126.43 per square foot.

Property profile
Verified
Property type Warehouses
Year built 1970
Total area 7,900 SF
Lot 1.8 ac (78,408 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
Current use
Occupant on record · Public records
  • Circle City Construction Materials Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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