5151 Exploration Dr Indianapolis, IN 46241
Property profile & analytics
5151 Exploration Dr Indianapolis, IN 46241
- Warehouses
- 40,000 SF
- 4.63 lot acres
Property ID
US31-3229053
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Republic Airways Training Center - Indianapolis Airport / Training Center
- Republic Airways / Corporate Office
Property Details for 5151 Exploration Dr
- Year built
- 2015
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.63 lot acres
- Property size
- 40,000 SF
- Zone code
- ZO01
- Property type
- Warehouses
- APN
- 49-13-04-101-022.000-200
- APU
- 491304101022000200
Description
This exceptional 40,144-square-foot office building, constructed in 2015, presents a unique opportunity in Indianapolis, Indiana. Located at 5151 Exploration Drive, zip code 46241, in Marion County, this traditional office space boasts a prime location just south of the Indianapolis International Airport and northeast of the Ameriplex Parkway/I-70 interchange. The building benefits from high visibility with interstate building signage and enjoys a significant traffic count of 30,000 vehicles per day. Currently configured as a multi-tenant space, one space is immediately available for lease. The sublease agreement expires February 28, 2031, and includes all fixtures and furniture. The property features a large, modern open lobby and reception area. A significant portion of the building, 4,802 square feet, is dedicated to flexible training space, complete with a convenient drive-in door. The building's design allows for modification to accommodate additional warehouse space, offering adaptability to suit diverse business needs. Its strategic location along Ameriplex Parkway, on the western edge of Marion County bordering Hendricks County, provides easy access to major interstate systems, making it an ideal location for businesses seeking convenient transportation links.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,543,000
Market price range: $896k - $2.54M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,620,000 Current use
- AUTO REPAIR, GARAGE
- $3,185,000 Change: +97% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,995,000 Change: +85% Conversion: Difficult
- RETAIL STORES
- $2,990,000 Change: +84% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,500,000 Change: +54% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.314
- Latitude
- 39.6892
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$96,609
$665,300
$2,498,900
$3,164,200
-
$665,300
$2,498,900
$3,164,200
