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Property profile & analytics
OFF-MARKET Estimated value $240,000
Truck terminals

6057 Churchman Byp Indianapolis, IN 46203-6114

5,900 SF 3.12 ac lot Built 1990
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-3501090
Property summary
AI-generated overview

This ±6,000 square foot industrial distribution center in Indianapolis, Indiana, presents a compelling investment opportunity. Located at 6057 Churchman Bypass, this single-tenant property sits on approximately 3.79 acres of land and boasts 16 loading docks, including one with a ramp. The building features a fully air-conditioned cross-dock design, enhancing operational efficiency. Approximately 1,300 square feet is dedicated to office space. The expansive paved lot is constructed with heavy-duty asphalt, ensuring durability. Security is prioritized with two controlled points of ingress and egress. The property's I-3 zoning allows for semi-truck and trailer parking, container storage, and heavy equipment storage. Its strategic location, just 1.3 miles from I-465, provides exceptional access to Indianapolis's major interstate highway system, facilitating seamless transportation and logistics. This well-maintained facility offers a blend of functionality and accessibility, making it an ideal choice for businesses seeking a prime distribution hub in the Indianapolis market. The property is located in Marion County, Indiana, with a zip code of 46203.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1990
Construction WOOD
Total area 5,900 SF
Lot 3.12 ac (135,776 SF)
Zoning code ZO01
APN 49-10-26-116-002.000-302
UPID US31-3501090
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
  • Amazon HIN1 Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k
Owner & transaction history
Trip Portfolio LLC · 4 yrs held
Trip Portfolio LLC
since 2022
6 recorded transactions
2022
Price N/A
2018
$435,000
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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