Property profile

10556 County Rd 251st S Indianapolis, IN 46231

OFF-MARKET
Industrial properties
Property ID
US31-0727880
5,700 SF 0.81 ac lot Built 2004
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,300-square-foot flex space industrial building in Indianapolis, Indiana, presents a compelling investment opportunity. Located at 10556 County Rd 251 S, in Hendricks County, and boasting a 2004 construction date, this single-story building sits on a generous 2.3-acre lot. The property features a 20-foot ceiling height, providing ample vertical space for various uses. The building's layout includes a well-appointed 900-square-foot office area, complete with two private offices, a copier room, a private restroom, and an open workspace, ideal for administrative functions or a small office team. Access to the expansive warehouse space is facilitated by two oversized overhead doors, allowing for easy loading and unloading of goods and materials. The property also includes two convenient parking lots, ensuring ample space for employees and visitors. The asking price is $1,999,143, translating to a price per square foot of $317.32. The property is zoned GB, offering flexibility for a range of industrial and commercial uses. This turnkey property is ready for immediate occupancy and presents a rare opportunity to acquire a well-maintained, strategically located industrial building in a thriving market. The combination of office and warehouse space, along with the ample parking and convenient location, makes this an ideal property for a variety of businesses.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2004
Construction WOOD
Total area 5,700 SF
Lot 0.81 ac (35,284 SF)
APN 32-09-20-400-035.000-027
UPID US31-0727880

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company

Location

10556 County Rd 251st S Indianapolis, IN 46231-2919
Indianapolis metro Census 210607 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

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
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