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    6402 Corporate Dr Indianapolis, IN 46278-2913
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    Property profile & analytics

    6402 Corporate Dr Indianapolis, IN 46278-2913

    View on Map
    • Warehouses
    • 158,696 SF
    • 9.03 lot acres
    Off-Market
    Property ID
    US31-0925687
    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
    $6,700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial Solutions Inc / Electronics & Wireless Store
    • Vertical Immersive / High School / Vocational School
    • KJ Electric / Electrical Service / General Contractor
    • NapCloud - Managed Service Provider / (Bike/Boat/Book/etc) Store / Corporate Office
    • Apprentice University / University / Educational Institution

    Property Details for 6402 Corporate Dr

    Year built
    1996
    Construction
    TYPE NOT SPECIFIED
    Lot size
    9.03 lot acres
    Property size
    158,696 SF
    Zone code
    ZO01
    Property type
    Warehouses
    APN
    49-04-35-122-027.000-600
    APU
    490435122027000600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,872,000
      Market price range: $3.55M - $10.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,430,000
      Current use
      INDUSTRIAL (GENERAL)
      $9,910,000
      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
    -86.2658
    Latitude
    39.8718
    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
    $140,541
    $1,675,500
    $5,542,100
    $7,217,600
    -
    $1,675,500
    $5,542,100
    $7,217,600

    Comparable in this City

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      208,622 SF

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      WAREHOUSE, STORAGE • 208,622 SF
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      View Details
    • Value Estimation
      $2,765,000
      204,000 SF

      8219 Nwnw Blvd

      WAREHOUSE, STORAGE • 204,000 SF
      8219 Nwnw Blvd, Indianapolis, IN 46278-1390
      View Details
    • Value Estimation
      $2,770,000
      57,750 SF

      5945 84th St

      WAREHOUSE, STORAGE • 57,750 SF
      5945 84th St, Indianapolis, IN 46278-1396
      View Details
    • Value Estimation
      $1,490,000
      128,000 SF

      5645 82nd St

      WAREHOUSE, STORAGE • 128,000 SF
      5645 82nd St, Indianapolis, IN 46278-1323
      View Details
    • Value Estimation
      $1,685,000
      108,800 SF

      5801 82nd St

      WAREHOUSE, STORAGE • 108,800 SF
      5801 82nd St, Indianapolis, IN 46278-1389
      View Details
    • Value Estimation
      $960,000
      45,500 SF

      5840 71st St

      WAREHOUSE, STORAGE • 45,500 SF
      5840 71st St, Indianapolis, IN 46278-1730
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      161,411 SF

      Corporate Headquarters Building Available

      161,411 SF corporate headquarters in Corporate Center North.
      6402 Corporate Dr, Indianapolis, IN 46278
      View Details
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      Distribution Facility in Park 100

      178,266 SF distribution facility with convenient highway access.
      6015 West 79Th St, Indianapolis, IN 46278
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      Flex-Office Building Investment Opportunity

      Multi-tenant flex-office building on 14.82 acres, 60.1% leased.
      5957 Lakeside Blvd, Indianapolis, IN 46278
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      23,048 SF

      Corporate Drive Office Building For Sale

      Office building for sale with tenant revenue potential.
      6201 Corporate Dr, Indianapolis, IN 46278
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    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land in high-income area near major interstates.
      8667 Lafayette Rd, Indianapolis, IN 46278
      View Details
    • Contact for pricing

      15 Acres in Northwest Corridor

      15 acres of commercial land in northwest office corridor.
      6465 Shanghai Rd, Indianapolis, IN 46278
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    Similar Nearby for Lease

    • Contact for pricing

      Corporate Center North Flex Space

      Flex space in Corporate Center North Business Park available for rent.
      6911-7061 Corporate Cir, Indianapolis, IN 46278
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      New Industrial/Flex Space Available

      Class A industrial/flex space for lease in Zionsville, Indiana.
      6400 Technology Center Dr, Indianapolis, IN 46278
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    • Contact for pricing
      89,704 SF

      Industrial Space Available For Lease

      89,704 SF industrial space with 2,500 SF office space.
      7555 Woodland Dr, Indianapolis, IN 46278
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    • Contact for pricing
      2,400 SF

      Industrial Space in Park 100

      56,700 SF building with Zionsville Road visibility for lease.
      5601 W 74Th St, Indianapolis, IN 46278
      View Details
    • Contact for pricing

      Indianapolis Flex Space Available

      130,848 SF flex building with interstate access.
      6002 Corporate Way, Indianapolis, IN 46278
      View Details
    • Contact for pricing

      Industrial Building with Truck Court

      45,212 SF industrial building with fenced truck court.
      6960 Corporate Dr, Indianapolis, IN 46278
      View Details
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    6402 Corporate Dr
    Indianapolis, IN 46278-2913
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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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