Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10511 Greenfield Ave Noblesville, IN 46060

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10-acre site with 15,000 SF building in booming Hamilton County.

    Property size:
    15,500 SF
    Lot size:
    10.40 Acres

    Property Features for 10511 Greenfield Ave

    General Information

    Standard status
    Active
    Zoning
    Special Purpose
    Size
    15,500 SF
    Lot size
    10.40 Acres

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Curt Whitesell
    Curt Whitesell
    Source: Crexi

    Listing Agency: WKRP Indy Real Estate Listing Agent: Curt Whitesell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Noblesville Development Opportunity on Greenfield

    This 10-acre property, located on Greenfield Avenue west of Howe Road in Noblesville, Indiana, features over 15,000 square feet of building space. Situated in Hamilton County, the site includes a building that formerly served as a radio station campus, complete with two studios and supporting office and storage areas. The property currently benefits from a religious special exemption. The building features 18-foot ceilings in the studios and 9-foot ceilings in the office areas. The layout includes 16 private offices, a large conference room, and a second-floor kitchen area. The original sanctuary and lobby are well-preserved. This property is positioned at the intersection of Howe Road and Greenfield Avenue. An adjacent property is proposed for retail and mixed-use/office development, and combining the properties may optimize access and exposure. The City of Noblesville is interested in additional redevelopment along this corridor, and the property is suitable for many use types.
    Location Intelligence

    Current Use by Public Records

    Indiana Christian University University WHMB-TV 40 Television Studio

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9824361
    Latitude
    40.0152059

    Nearby Similar for Sale

    • $590,400
      2,460 SF

      Flex Space in Bergen Business Park

      Premium end unit near Hamilton Town Center and I-69.
      14226 Bergen Blvd, Noblesville, IN 46060
      View Details
    • $1,159,200
      5,040 SF

      Noblesville Flex Space Opportunity

      5,040 SF flex space near Hamilton Town Center.
      14214 Bergen Blvd, Noblesville, IN 46060
      View Details
    • $350,000
      Pending

      Noblesville Duplex: Investment Opportunity

      Fully leased duplex in high-demand Noblesville location.
      1419 S 9Th St, Noblesville, IN 46060
      View Details
    • $299,900
      2,000 SF

      Historic Schoolhouse with Garden Potential

      Historic schoolhouse (built in 1898) with garden and redevelopment potential.
      14520 E State Road 38 E, Noblesville, IN 46060
      View Details
    • $475,000
      1,766 SF

      Mixed-Use Property in Noblesville, IN

      Mixed-use property featuring a home and pole barn.
      3849 E 216Th St, Noblesville, IN 46062
      View Details
    • $375,000

      Downtown Noblesville Corner Property

      Exceptional corner property in Downtown Noblesville, ideal for professional offices.
      285 John St, Noblesville, IN 46060
      View Details
    • $509,000

      Historic Noblesville Manufacturing Opportunity

      Versatile industrial property with historic significance in a growing community.
      16506 Strawtown Ave, Noblesville, IN 46060
      View Details
    • $2,500,000
      1,136 SF

      Noblesville Ranch and Farm Land

      40-acre ranch and farm land with 1136 sqft property.
      18483 Mallery Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing

      Corporate Leased School in Noblesville

      20-year corporate lease in high-growth Indianapolis suburb.
      250 S Harbour Dr, Noblesville, IN 46062
      View Details
    • $350,000
      1 SF

      Noblesville Mixed-Use Investment Opportunity

      6.4 Acres, Multiple Units Available
      14358 Bergen Blvd, Noblesville, IN 46060
      View Details
    • $340,000
      2.06 Acres

      Noblesville Commercial Land - 2 Acres

      Prime Hamilton County location, zoned for diverse businesses.
      14076 Cyntheanne Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing
      3,725 SF

      Noblesville Retail Investment Opportunity

      NNN leased retail property in prime Noblesville corridor.
      17833 Foundation Dr, Noblesville, IN 46060
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10-acre site with 15,000 SF building in booming Hamilton County.
    Where is this commercial land located?
    The property is located at 10511 Greenfield Ave Noblesville, IN.
    What are key features of this property?
    This property features: - 10-acre development opportunity in booming Hamilton County.; - Over 15,000 sf of building space on Greenfield Avenue.; - Located at a busy intersection of Howe Road and Greenfield.
    Request Owner's contact information
    10511 Greenfield Ave Noblesville, IN 46060
    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.
    10511 Greenfield Ave
    Noblesville, IN 46060
    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
    10511 Greenfield Ave Noblesville, IN 46060
    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

    We can help!
    Listing Contact
    Curt Whitesell
    Curt Whitesell
    Real Estate License ID: RC51200136
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!