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10645 Deme Dr Indianapolis, IN 46236

Warehouses Google Maps
22,400 SF 1.48 ac lot Built 1998
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$480k
Range $432k – $528k (±10%)
Property ID US31-0585091

Property summary

AI-generated overview

This exceptional Deme Industrial Park offering presents two warehouse spaces for lease, ranging from 5,200 to 6,375 square feet. Both units boast rear-loading capabilities, featuring 12' x 14' grade-level overhead doors, and offer generous ceiling heights of 16' to 18'. The spaces are equipped for efficient operations and include office areas. The property benefits from excellent visibility and accessibility, situated at a traffic light intersection on Pendleton Pike, a recently improved thoroughfare. This prime location offers significant signage opportunities, providing excellent brand exposure. The park enjoys a strategic position adjacent to a Super Walmart and numerous other retail establishments and restaurants, ensuring high traffic and convenient access for employees and customers. Its proximity to the popular Geist area and Fort Benjamin Harrison adds to its appeal. Furthermore, the property's convenient location, just 3 miles from I-465, provides easy access to major transportation arteries. The property is zoned I-3, offering flexibility for various industrial uses. This property is under new management and ownership, promising a commitment to quality and tenant satisfaction. These warehouse spaces represent a rare opportunity to secure prime industrial space in a thriving location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Construction METAL FRAME
Total area 22,400 SF
Lot 1.48 ac (64,469 SF)
APN 49-08-04-128-018.000-407
UPID US31-0585091

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
  • General Contractor
  • Industrial Manufacturer
  • General Contractor
  • Furniture & Home Goods Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2013
Price N/A
2013
$1.7M
2012
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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