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Property profile & analytics
OFF-MARKET Estimated value $1,390,000
Warehouses

5739 Professional Cir Indianapolis, IN 46241-5016

64,519 SF 3.5 ac lot Built 1967
Entity Owned 5-yr Hold Free & Clear
Property ID
US31-3521797
Property summary
AI-generated overview

This exceptional 64,519-square-foot Class B warehouse, located at 5739 Professional Circle in Indianapolis, Indiana, presents a significant opportunity. The property, built in 1967, features a single, one-story building with two suites totaling 64,519 square feet. Currently, 52,628 square feet are available, with a minimum divisible space of 19,800 square feet. The warehouse boasts convenient features including two loading docks and three drive-in doors, complemented by ample parking with 100 spaces. Recent improvements enhance its appeal, including a new roof, updated mechanical systems, energy-efficient exterior LED lighting, and upgraded security fencing. The property is zoned I-3 and its APN is 49-12-24-102-060.000-900. Strategically situated in the Park Fletcher/Stout Field neighborhood, it offers immediate access to I-465, providing easy commutes to downtown Indianapolis (7.5 miles) and the Indianapolis International Airport (also 7.5 miles). The location benefits from proximity to a variety of commercial businesses, retail options, hotels, and restaurants. This fully air-conditioned warehouse is ideal for businesses seeking efficient and well-maintained space in a prime Indianapolis location.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1967
Construction TYPE NOT SPECIFIED
Total area 64,519 SF
Lot 3.5 ac (152,460 SF)
APN 49-12-24-102-060.000-900
UPID US31-3521797
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
  • Nichols - Indianapolis Branch Distribution Center Logistics Company
  • Spectrum-Nichols Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.39M
Owner & transaction history
Re Circle LLC · 5 yrs held
Re Circle LLC
since 2020
6 recorded transactions
2020
Price N/A
2012
Price N/A
2006
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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