5000 79Th St Indianapolis, IN 46268
- Parking lots & garages
- 127,279 SF
- 5.67 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 5000 79Th St
- Year built
- 2007
- Lot size
- 5.67 lot acres
- Property size
- 127,279 SF
- Zone code
- ZO01
- Property type
- Parking lots & garages
- APN
- 49-04-24-114-001.000-600
- APU
- 490424114001000600
Description
This exceptional 4.82-acre industrial land parcel presents a prime investment opportunity in Indianapolis, Indiana. Strategically located in the heart of Park 100, this single-tenant property offers immediate outdoor storage capabilities and is zoned I-1 & I-3, allowing for significant development potential. The site is pad-ready, with existing drainage infrastructure in place, simplifying the construction process. A build-to-suit (BTS) option is available for up to approximately 57,000 square feet, catering to a wide range of industrial and commercial needs. Multiple ingress and egress points ensure efficient access and traffic flow. Benefit from excellent connectivity, situated just 1.3 miles from I-465 and approximately 4 miles from I-65, providing seamless access to major transportation arteries. This property is ideal for businesses seeking a well-located, fully prepared site for immediate occupancy or future expansion in a thriving industrial submarket. The site's location within Marion County, Indiana, offers access to a robust workforce and established infrastructure. Don't miss this chance to acquire a highly desirable industrial land parcel in a prime Indianapolis location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $565,000
- 7%
- $585,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $590,000
- Mixed-Use
- $585,000
- Hospitality
- $640,000
- Educational
- $700,000
- Residential Income
- $530,000
- Energy
- $645,000
- Income-Based Land
- $660,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.2446
- Latitude
- 39.8973
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
