Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8501 Zionsville Rd Indianapolis, IN 46268

    • Warehouses
    • 63,000 SF
    • 3.85 lot acres
    For Lease
    View listing
    Value Estimations
    $1,090,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0246764
    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.

    Current Use by Public Records

    • XL Parts / Auto Parts Store
    • PureBeauty by lexcy / Spa & Massage Center / Skin Care Clinic
    • Mike Andre Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Through HER Lens Studio / (Bike/Boat/Book/etc) Store / Photography Service

    Property Details for 8501 Zionsville Rd

    Year built
    1973
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.85 lot acres
    Property size
    63,000 SF
    Zone code
    ZO01
    Property type
    Warehouses
    APN
    49-04-24-113-018.000-600
    APU
    490424113018000600

    Description

    Park 100 Building 2 offers a prime opportunity to lease flexible industrial space. This multi-tenant building, constructed in 1973, boasts a total of 630,000 square feet. Currently, one unit is available, measuring 14,762 square feet, ideal for a variety of businesses. The space features recently completed renovations, including fresh paint, new carpeting, and energy-efficient LED lighting throughout. These upgrades contribute to a modern and functional workspace. The unit's excellent accessibility is a key advantage, with three loading docks and one drive-in door for efficient loading and unloading. The building's safety features include a wet sprinkler system, ensuring a secure environment for tenants and their operations. The high ceilings, measuring 14 feet, provide ample vertical space for storage or specialized equipment. This property is perfectly situated for businesses seeking a well-maintained, readily available, and conveniently located industrial space. The combination of modern amenities, functional design, and strategic location makes this a highly desirable property. Contact us today to learn more and arrange a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2582
    Latitude
    39.9086
    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
    $39,640
    $457,000
    $1,242,300
    $1,699,300
    -
    $457,000
    $1,242,300
    $1,699,300

    Comparable in this City

    • Value Estimation
      $5,305,000
      124,200 SF

      8441 Bearing Dr

      WAREHOUSE, STORAGE • 124,200 SF
      8441 Bearing Dr, Indianapolis, IN 46268-1686
      View Details
    • Value Estimation
      $5,590,000
      124,200 SF

      8421 Bearing Dr

      WAREHOUSE, STORAGE • 124,200 SF
      8421 Bearing Dr, Indianapolis, IN 46268-1686
      View Details
    • Value Estimation
      $4,340,000
      280,800 SF

      5110 74th St

      WAREHOUSE, STORAGE • 280,800 SF
      5110 74th St, Indianapolis, IN 46268-4160
      View Details
    • Value Estimation
      $9,840,000
      742,342 SF

      5550 74th St

      WAREHOUSE, STORAGE • 742,342 SF
      5550 74th St, Indianapolis, IN 46268-4183
      View Details
    • Value Estimation
      $2,355,000
      138,532 SF

      5450 81st St

      WAREHOUSE, STORAGE • 138,532 SF
      5450 81st St, Indianapolis, IN 46268
      View Details
    • Value Estimation by Request
      5,800 SF

      8270 Michigan Rd

      MINI-WAREHOUSE, STORAGE • 5,800 SF
      8270 Michigan Rd, Indianapolis, IN 46268-1935
      View Details

    Similar Nearby for Sale

    • $1,950,000
      16,155 SF

      Industrial Building with Office Space

      16,155 SF industrial building with office and parking.
      7260 Georgetown Rd, Indianapolis, IN 46268
      View Details
    • $2,500,000

      Retail and Industrial Value-Add Opportunity

      3.05-acre property with retail and industrial components for sale.
      5450 W 86Th St, Indianapolis, IN 46268
      View Details
    • $2,500,000
      21,300 SF

      Versatile Retail and Industrial Opportunity

      3.05-acre property with retail and industrial components in Indianapolis, IN.
      5450 W 86Th St, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.15 Acres

      Residential Lot in Augusta Heights

      0.12-acre lot in convenient Indianapolis location, build your dream home.
      2890 Emerald St, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Lot in Augusta Heights

      0.13-acre lot in convenient Indianapolis location, build your dream home.
      2954 Sapphire Blvd, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lots in Indianapolis, IN

      Residential lots available for sale in Indianapolis, Indiana.
      2894 Emerald St, Indianapolis, IN 46268
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      96,000 SF

      Industrial Space in Park 100

      96,000 SF industrial space with rail access in Indianapolis.
      7941 Allison Ave, Indianapolis, IN 46268
      View Details
    • $9 SF/Yr
      9,458 SF

      Flex Space with Office

      9,458 SF flex space featuring office and warehouse components.
      8435 Georgetown Rd, Indianapolis, IN 46268
      View Details
    • Contact for pricing
      83,545 SF

      Indianapolis Warehouse Space For Lease

      Large warehouse space available in prime location.
      7102 Lakeview Pkwy Dr, Indianapolis, IN 46268
      View Details
    • $14 SF/Yr
      8,892 SF

      Indianapolis Flex Space For Rent

      8,892 SF flex space with drive-in loading, divisible.
      8902 Vincennes Cir, Indianapolis, IN 46268
      View Details
    • $10,750 /Mo
      10,000 SF

      Freestanding Warehouse with Outdoor Storage

      19,500 SF warehouse with 10,000 SF fenced storage.
      8810-8812 Americana Blvd, Indianapolis, IN 46268
      View Details
    • $10 SF/Yr
      17,206 SF

      Indianapolis Warehouse Space Available

      17,206 SF Warehouse, I-2-S Zoning
      8847 Commerce Park Pl, Indianapolis, IN 46268
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8501 Zionsville Rd
    Indianapolis, IN 46268
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.