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Property profile & analytics
FOR LEASE
Warehouses
1810 S Lynhurst Dr Indianapolis, IN 46241
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0248969
For Lease
$2,245,000
1810 S Lynhurst Dr, Indianapolis, IN 46241
View Listing →
Property summary
AI-generated overview
This exceptional 135,000 square foot industrial flex building, located at 1810 S Lynhurst Dr, Indianapolis, IN 46241, in Marion County, offers five available spaces ranging from 4,800 to 24,970 square feet. The building features a desirable 18-foot ceiling height, providing ample vertical space for various operational needs. The flexible spaces are ideal for a wide range of businesses, offering a blend of functional warehouse space and well-appointed office areas. Each suite is strategically designed to accommodate diverse business requirements, incorporating convenient features such as loading docks and drive-in doors for efficient material handling and accessibility. This prime location in Indianapolis provides excellent access to major transportation routes, ensuring seamless logistics and convenient commutes for employees and clients. The property's versatile design and strategic location make it an attractive option for companies seeking a functional and adaptable workspace. Contact us to learn more about the available spaces and schedule a viewing.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
135,000 SF
Lot
10.36 ac (451,238 SF)
APN
49-12-13-116-011.000-900
UPID
US31-0248969
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
-
Crosspoint Power and Refrigeration Freight Service Trucking Company
-
Wildman (Bike/Boat/Book/etc) Store
-
FedEx Drop Box Postal Service Courier Service
-
Wildman Uniform and Linen Corporate Office
-
Spot King Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.25M
Owner & transaction history
Gsp Park Fletcher LLC · 9 yrs held
Gsp Park Fletcher LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$125,668
Tax year 2023
Assessed value
$3,751,500
Assessed 2023
Previous assessed
$3,751,500
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$582,700
Assessed improvement
$3,168,800
Land market value
$582,700
Improvement market value
$3,168,800
Total market value
$3,751,500
Applied tax rate
900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
135,000 SF
Lot
10.36 ac (451,238 SF)
APN
49-12-13-116-011.000-900
UPID
US31-0248969
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
10.36 ac
Current owner
From public records · entity-resolved
Gsp Park Fletcher LLC
Entity
Mailing address
1600 MARKET ST STE #2600, PHILADELPHIA, PA 19103-7219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Alp Arc Indy I Property Co LLC
—
Deed
related
$700,000,000 · German American Capital Corp
Jan 24, 2017
—
Gsp Park Fletcher LLC
Park Fletcher Distribut 2 Icon
Trustees Deed
$12,860,000 · National Bk/indianapolis
Mar 10, 2015
$5,722,693
Icon Park Fletcher Distribut 2
Bre Of Us Industrial Props LLC
Grant Deed
—
Nov 30, 2010
$4,525,247
Bre Of Us Industrial Props LLC
Prologis-north Carolina LP
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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