Property profile

2364 Production Dr Indianapolis, IN 46241

OFF-MARKET
Warehouses
10,224 SF 0.96 ac lot Built 1984
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 10,224-square-foot warehouse, located at 2364 Production Drive in Indianapolis, Indiana, presents a compelling investment opportunity for owner-users or single-tenant lessees. Priced at $1,500,000 ($9.50/SF), this property boasts a prime location less than a mile from I-465, ensuring convenient access to major transportation routes. Built in 1984 and extensively renovated in 2024, the warehouse is ready for immediate occupancy, with an anticipated occupancy date of September 18, 2024. The building features a single dock-high door and impressive 18.5 to 19.5 feet of clear ceiling height, providing ample space for storage and operations. Situated on a 0.96-acre lot, the property is zoned I-3, allowing for a diverse range of industrial uses. The lease type is NNN (Net, Net, Net), and the tenancy is single. This meticulously maintained warehouse offers a blend of functionality and strategic location, making it an ideal choice for businesses seeking efficient and accessible industrial space in the Indianapolis market. The property's recent renovation ensures modern amenities and optimal functionality, minimizing the need for immediate capital improvements. This is a rare opportunity to acquire a well-maintained, strategically located warehouse in a thriving industrial area.

Property profile

Verified
Property type Warehouses
Year built 1984
Total area 10,224 SF
Lot 0.96 ac (41,818 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2364 Production Dr Indianapolis, IN 46241
Indianapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2364 Production Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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