Development Land with Existing
10511 Greenfield Avenue Noblesville, IN 46060
10511 Greenfield Avenue, Noblesville, IN, 46060
$1,750,000
Pending
For Sale
$1,750,000
Pending
COMMERCIAL - Noblesville, IN
Property Size15,500 SF
Lot Size10.40 Acres
Days on Market299
Property Features for 10511 Greenfield Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Special Purpose
- Standard status
- Pending
- APN
- 291117000006000013
- Lot size
- 10.40 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Acreage 1.00, Section 17, Township 18, Range 5
Building Details
- Year built
- 1969
- Floors in Building
- 2
Listing Agency
WKRP Indy Real Estate
(317) 698-2700
E 186th St 2929, Westfield, IN
Listed by
Curtis Lee Whitesell
(317) 203-9577
Added: Sep 23, 2025 Checked: Jul 18 at 12:06 pm
MLS# 22064333
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
An approximately 10.4-acre development parcel zoned “Special Purpose” and offered with an existing 15,500 SF building plus several ancillary buildings included in the sale. The site is suited for redevelopment into modern commercial space such as offices or retail, or it can be cleared for a new project.
The property is located on Greenfield Avenue in Noblesville, Indiana, just west of Howe Road, in Hamilton County.
For interested buyers, the seller notes that site plans and zoning details are available upon request.
The property is located on Greenfield Avenue in Noblesville, Indiana, just west of Howe Road, in Hamilton County.
For interested buyers, the seller notes that site plans and zoning details are available upon request.
Key Highlights
- 15,500 SF building on a 10‑acre parcel on Greenfield Avenue in Noblesville, IN
- Includes existing buildings suitable for redevelopment or for clearing for a new project
- Several ancillary buildings are included with the sale
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $5.88 |
| − Vacancy | −$7.2k | −$0.46 |
| EGI | $83.9k | $5.42 |
| − OpEx | −$25.2k | −$1.62 |
| NOI | $58.8k | $3.79 |
15,500 SF · lease $5.88/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$839.4K
$734.5K – $979.3K
NOI $58,758 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,079 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Indiana Christian University
University
WHMB-TV 40
Television Studio
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Special purpose-zoned development land featuring an existing 15,500 SF building and multiple ancillary buildings on a 10-acre parcel.
Where is this commercial land located?
The property is located at 10511 Greenfield Avenue Noblesville, IN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 15,500 SF building on a 10‑acre parcel on Greenfield Avenue in Noblesville, IN; Includes existing buildings suitable for redevelopment or for clearing for a new project; Several ancillary buildings are included with the sale
