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    FOR LEASE
    Showrooms

    5230 Park Emerson Dr, Indianapolis, IN 46203

    107,880 SF 8.17 ac lot Built 2000
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-1225369
    Property summary
    AI-generated overview

    This exceptional flex space, part of the Emerson Industrial Park, offers 8,000 square feet of versatile industrial space in Indianapolis, Indiana. Located at 5230 Park Emerson Dr, zip code 46203, this property is situated in Marion County and benefits from a CS zoning designation, ideal for a blend of office and industrial uses. The building boasts a substantial 24-foot clear ceiling height, providing ample room for various operations. Convenient loading options include both dock-high and drive-in capabilities, ensuring efficient material handling. Ample parking is available on-site, accommodating employees and clients with ease. The location offers exceptional accessibility, with easy access to major interstates I-465, I-65, and I-74, facilitating seamless transportation throughout the region. Furthermore, the property enjoys a prime location, just 15 minutes away from Downtown Indianapolis and the Indianapolis International Airport, enhancing its appeal for businesses needing convenient access to transportation hubs. The surrounding area is rich with amenities, including nearby retail centers, restaurants, and hotels, providing employees and visitors with a variety of options for dining, shopping, and accommodation. The total building size of Emerson Industrial Park is 108,266 square feet, indicating a substantial and well-established industrial complex. This 8,000 square foot space presents a unique opportunity within a thriving industrial park.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 2000
    Construction METAL FRAME
    Total area 107,880 SF
    Lot 8.17 ac (355,668 SF)
    Zoning code ZO01
    APN 49-10-34-125-013.000-302
    UPID US31-1225369
    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
    • Design & Build Electric Electrical Service General Contractor
    • Guiney Delivery Services Trucking Company
    • Pack Away Hunger, Inc. Charitable Organization Social Service Agency
    • Park Embroidery Designs LLC Production Facility Textile Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $7.96M
    Blend (final) Blend
    $8.65M
    Owner & transaction history
    Sealy Park Emerson Drive Two LLC · 5 yrs held
    Sealy Park Emerson Drive Two LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    ZO01 · Indianapolis, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $8.6M +6.3%
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    More about this property
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