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Property profile & analytics
OFF-MARKET Estimated value $640,000
Manufacturing properties

4380 Sellers St Indianapolis, IN 46226-7107

10,080 SF 1.24 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-0039201
Property summary
AI-generated overview

This ±12,540 square foot industrial building presents a unique opportunity for businesses seeking versatile space in a prime location. Situated at 4380 Sellers Street in Indianapolis, Indiana, 46226, this single-tenant property offers immediate access to I-465, ensuring efficient transportation and logistics. The building boasts a flexible layout suitable for various industrial uses, including warehouse, manufacturing, distribution, flex space, or research and development (R&D), as designated by its I-3 zoning. The high ceilings, ranging from 16 to 18 feet, provide ample vertical space for storage and operations. Loading and unloading are facilitated by one loading dock and two drive-in doors. The property also includes valuable outdoor storage space, expanding operational capabilities. Power is provided by a robust 400-amp, 240-volt, 3-phase electrical system. The entire 12,540 square feet is currently vacant, offering immediate occupancy for a new tenant. The property sits on a 1.24-acre lot, providing ample space for expansion or additional outdoor storage needs. This is an exceptional opportunity to secure a well-located, versatile industrial space with significant potential. The property's strategic location and functional design make it an ideal choice for a variety of industrial businesses.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Construction METAL FRAME
Total area 10,080 SF
Lot 1.24 ac (54,014 SF)
Zoning code ZO01
APN 49-07-13-116-004.000-407
UPID US31-0039201
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$445k
Blend (final) Blend
$640k
Owner & transaction history
Irp II LLC · 2 yrs held
Irp II LLC
since 2023
3 recorded transactions
2023
Price N/A
2018
Price N/A
2015
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Auto repair, garage $805,000 +27.5%
Commercial (general) $755,000 +20.0%
Retail stores $755,000 +19.7%
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