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    The Largest CRE Database in the US with Over 1 Million Listings

    5063 W 600 N McCordsville, IN 46055

    Sponsored
    For Sale
    $595,000

    Unimproved Land - McCordsville, IN

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Days on Market:
    178
    Last Refresh:
    Feb 2 at 8:06 pm

    Property Features for 5063 W 600 N

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    Commercial
    APN
    300606100006000006
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Kincaid

    Kincaid Realtors, LLC (317) 848-1118

    Listing agent Robert Kincaid (317) 848-1118 License #RB14019107

    Listing date Aug 9, 2025

    MLS# 22020674 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.

    Learn more

    Property Insight Report

    Overview

    Prime Land in Mt. Comfort

    This premium one-acre parcel is located on the western side of Hancock County at 5063 W 600 N in McCordsville. The towns of McCordsville, Cumberland, and New Palestine anchor the Mt. Comfort Corridor. Mt. Comfort Road, also known as Olio to neighbors in Fishers and County Rd. 600 W through McCordsville and New Palestine, serves as a major corridor through Hancock County. The Mt. Comfort Corridor is a 14-mile road corridor that begins at the Hancock/Hamilton County Line (96th St) and ends at W Stinemeyer Rd. The Corridor is approximately 9 miles east of downtown Indianapolis and is intersected by I-70, US36, US40, and US52. The Mt. Comfort Corridor offers excellent access to Indianapolis Regional Airport, Hamilton County, I-69, and downtown Indy via I-70. The Mt. Comfort Corridor carries in excess of 13,000 cars daily, making it one of the most highly traveled (non-interstate) roads in Hancock County. McCordsville offers suburban living with award-winning schools in a high-growth residential area. In recent years, the Corridor has seen significant growth in population and in commercial investment. The area north of I-70 to 500N is flourishing with logistics and warehousing, with a predicted estimated 4,000 new jobs from new employers and an additional 2,000 new jobs expected from existing businesses. This parcel is currently zoned residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Skin Care Clinic Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    McCordsville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.898926
    Latitude
    39.870008

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    FAQs

    What type of property is this?
    Commercial land - One-acre parcel in high-growth McCordsville, ideal for commercial investment.
    Where is this commercial land located?
    The property is located at 5063 W 600 N McCordsville, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Premium 1-acre parcel in McCordsville, Hancock County.; - Located in the high-growth Mt. Comfort Corridor.; - Excellent access to Indianapolis Regional Airport, I-69, and downtown Indy via I-70.
    (317) 848-1118
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    5063 W 600 N McCordsville, IN 46055
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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
    5063 W 600 N McCordsville, IN 46055
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    We can help!
    Listing Contact
    Robert Kincaid
    Real Estate License ID: RB14019107
    (317) 848-1118
    Learn more
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