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    FOR LEASE
    Parking lots & garages

    5000 W 79Th St, Indianapolis, IN 46268

    127,279 SF 5.67 ac lot Built 2007
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US31-0864673
    5000 W 79Th St, Indianapolis, IN 46268 For Lease
    $1,310,000
    5000 W 79Th St, Indianapolis, IN 46268
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING LOT
    Year built 2007
    Total area 127,279 SF
    Lot 5.67 ac (246,985 SF)
    Zoning code ZO01
    APN 49-04-24-114-001.000-600
    UPID US31-0864673
    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
    by Request
    Blend (final) Blend
    $1.31M
    Owner & transaction history
    DUKE REALTY
    DUKE REALTY
    Zoning & alternative use
    ZO01 · Indianapolis, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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