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    1506 W Smith Valley Rd Greenwood, IN 46142

    Sponsored
    For Lease
    $4,500 /Mo ($24 SF/Yr)

    Office - Greenwood, IN

    Type:Office
    Property size:
    2,250 SF
    Lot size:
    0.32 Acres
    Days on Market:
    183
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 1506 W Smith Valley Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Office
    APN
    410336034002001041
    Size
    2,250 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Roof type
    Shingle
    Architectural style
    Other

    CENTURY 21 Scheetz (317) 844-5111 [email protected]

    Listing agent Jenny Laughner (317) 844-5111 License #RB14042097

    Listing date Jul 7, 2025

    MLS# 22027356 Listing URL

    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.

    Overview

    Turnkey Office Building in Greenwood

    This turnkey commercial building is located in the Center Grove area. The property offers six to seven private office suites, a reception area, and a conference room/breakroom. It is suitable for construction companies, landscaping businesses, medical offices, law offices, or other professional services. Situated on a high-traffic street, the property has visibility and signage opportunities. Outdoor parking includes concrete and gravel areas to accommodate employees, clients, and company vehicles. The lot size is 0.32 acres and the property size is 2250 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Express Roofing & Restorations Fire Damage Restoration Service Turner for Indiana Association Or Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.151672
    Latitude
    39.60616

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    FAQs

    What type of property is this?
    Office building - Versatile commercial building with private offices, reception, and conference room.
    Where is this office building located?
    The property is located at 1506 W Smith Valley Rd Greenwood, IN.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the highly sought-after Center Grove area.; - Versatile commercial building suitable for various professional services.; - Six-seven private office suites, reception area, and spacious conference room/breakroom.
    (317) 844-5111
    Request Owner's contact information
    1506 W Smith Valley Rd Greenwood, IN 46142
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    Greenwood, IN 46142
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    Realmo Value Estimation

    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.

    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.

    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
    1506 W Smith Valley Rd Greenwood, IN 46142
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