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    5739 Professional Cir Indianapolis, IN 46241
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    Property profile & analytics

    5739 Professional Cir Indianapolis, IN 46241

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    • Warehouses
    • 64,519 SF
    • 3.50 lot acres
    For Lease
    $5 SF/Yr
    View Listing →
    Indianapolis Industrial/Flex Space Available For Lease
    $5 SF/Yr
    64,806 SF

    Indianapolis Industrial/Flex Space Available

    64,806 SF industrial/flex space with recent upgrades and convenient location.

    5739 Professional Cir, Indianapolis, IN 46241
    View Listing
    Property ID
    US31-3521797
    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.
    Value Estimations
    $1,390,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nichols - Indianapolis Branch / Distribution Center / Logistics Company
    • Spectrum-Nichols / Big Box & Wholesale Store / Building Supply

    Property Details for 5739 Professional Cir

    Year built
    1967
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.50 lot acres
    Property size
    64,519 SF
    Property type
    Warehouses
    APN
    49-12-24-102-060.000-900
    APU
    491224102060000900

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,055,000
      Market price range: $747k - $1.89M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2579
    Latitude
    39.7309
    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
    $68,996
    $471,700
    $1,588,000
    $2,059,700
    -
    $471,700
    $1,588,000
    $2,059,700

    Comparable in this City

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      9040 Orly Rd

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    • Value Estimation
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      12,800 SF

      2355 Tibbs Ave

      STORAGE YARD, OPEN STORAGE • 12,800 SF
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      1820 Stout Fld Dr

      Distribution properties
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    • Value Estimation by Request
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      2364 Production Dr

      Distribution properties • 10,224 SF
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      View Details
    • Value Estimation by Request
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      2350 Executive Dr

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      View Details

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      Indianapolis Industrial Facility For Sale

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      6,600 SF

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      6,600 SF warehouse space available for lease.
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      Indianapolis Industrial Property with Office

      64,806 SF industrial property with 15,700 SF office space.
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      View Details
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      Industrial Portfolio with Billboard Lease

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    Similar Nearby for Lease

    • Contact for pricing

      Indianapolis Flex Space For Rent

      Flex spaces available with docks and drive-in doors.
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      View Details
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      382,664 SF

      Indianapolis Warehouse with Ample Parking

      382,664 SF warehouse with 35 dock doors and parking.
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      View Details
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      Warehouse Space Near Airport

      19,384 SF warehouse space with flexible layout for lease.
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      View Details
    • $95 SF/Yr
      25,648 SF

      Indianapolis Flex Space Available

      Flex space with great visibility and access to major interstates.
      5726 Professional Cir, Indianapolis, IN 46241
      View Details
    • Contact for pricing
      40,144 SF

      Modern Flex Space Near Airport

      40,144 SF office/training facility with flexible space for rent.
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      View Details
    • Contact for pricing
      59,500 SF

      Industrial Warehouse Space for Lease

      59,500 SF warehouse with convenient highway access.
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      View Details
    View Listing
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    Indianapolis, IN 46241
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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