5225 Exploration DrIndianapolis, IN 46241

Property Details for 5225 Exploration Dr

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

3.91 AC

Property size (Sq ft)

59,080 SF

Zone code

ZO01

Property type

Office properties

APN

49-13-04-101-017.000-200

APU

491304101017000200

Description

This exceptional Class A office and R&D building, totaling 54,000 square feet, is situated in the desirable AmeriPlex Business Park in Indianapolis, Indiana. Built in 2008, this two-story property offers a variety of suite sizes, with a minimum divisible space of 121 square feet and a maximum contiguous space of 8,311 square feet currently available. The building currently has 8,311 square feet of vacant space ready for immediate occupancy. The property features ample parking with 150 spaces, providing a generous 2.73 parking ratio. Its convenient location offers easy access to I-70 and is only a 9-minute drive from the Indianapolis International Airport. The building is zoned I-2 and sits on a sizable 3.91 acres of land. On-site amenities include a fitness center, enhancing the appeal for tenants. The property's diverse suite options cater to a range of business needs, from traditional office spaces to executive suites and R&D facilities. This versatile property presents a unique opportunity for businesses seeking a prime location with excellent amenities and accessibility. The property's APN is 49-13-04-101-017.000-200. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $7,287,786

  6.5%

  $6,727,188

  7%

  $6,246,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,085,606

  Geo Method

  $5,085,606

• Alternative Use

  Use

  Valuation

  Residential

  $8,341,712

  Hospitality

  $7,640,964

  Educational

  $6,357,192

  Medical

  $6,575,826

  Retail

  $9,888,965

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6876

Longitude

-86.3128

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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