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

    851 Columbia Rd Plainfield, IN 46168

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

    Industrial warehouse space available for lease in Plainfield, Indiana.

    Property size:
    47,977 SF
    Lot size:
    47,977 SF

    Property Features for 851 Columbia Rd

    General Information

    Standard status
    Active
    Size
    47,977 SF

    We can help!

    Listing Contact
    Terrance Busch
    Source: Cbre

    Listing Agent: Terrance Busch

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

    Learn more

    Property Insight Report

    Overview

    Plainfield Warehouse Space Available

    This industrial property, located in Plainfield, Indiana, offers 47,977 square feet of warehouse space for rent. The property is suitable for warehouse and industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sky Zone Trampoline ... Arcade & Gaming Center CertiFit Auto Body ... Auto Parts Store Jump N Bounce ... Childrens Club Indy 40 Building ... Construction Company

    Suggested Use

    Real Estate Agency Building Supply Hotel & Motel Pharmacy Gym & Fitness Center Kitchen & Bath Showroom Storage Facility HVAC Service Auto Repair Shop Discount Store

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

    Similar Places Nearby

    Starkey GLOBAL DISTRIBUTION CENTER

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.338955
    Latitude
    39.69761

    Nearby Similar for Lease

    • Contact for pricing
      10,772 SF

      Retail Property in Plainfield, Indiana

      Retail property available for lease in Plainfield, Indiana.
      2886 Evergreen Ave, Plainfield, IN 46168
      View Details
    • Contact for pricing
      3,148 SF

      Plainfield Retail Space Available

      Retail space available for lease in Plainfield, Indiana.
      160 Plainfield Village Dr, Plainfield, IN 46168
      View Details
    • Contact for pricing
      475,112 SF

      Plainfield Warehouse and Distribution Space

      475,112 SF warehouse with ample parking near Indianapolis Airport.
      1001 Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      120,753 SF

      Plainfield Warehouse Space Available

      Industrial warehouse space for lease in Plainfield, Indiana.
      2151 Airwest Blvd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      78,458 SF

      Plainfield Warehouse Space Available

      78,458 square foot warehouse space for lease in Plainfield.
      441 Airtech Pkwy, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Plainfield Industrial Property For Rent

      Industrial property available for lease in Plainfield, Indiana.
      595 Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Industrial Property for Rent

      Industrial property available for rent in Plainfield, Indiana.
      853 Columbia Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      96,000 SF

      Prime Plainfield Retail Space

      96,000 SF Retail Center, Spaces Available
      2437 Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing
      13,093 SF

      Plainfield Retail Center - Now Leasing

      13,000 SF Retail Space, Prime Location
      772 Dan Jones Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      3,777 SF

      Plainfield Office Space For Rent

      Office space near shopping, dining, and airport.
      2498 Perry Crossing Way, Plainfield, IN
      View Details
    • Contact for pricing
      107,051 SF

      Plainfield Industrial Space For Lease

      107,051 SF industrial space available for lease in Plainfield.
      9400 Bradford Rd, Plainfield, IN
      View Details
    • Contact for pricing
      35,200 SF

      Plainfield Warehouse with Office Space

      35,200 SF warehouse with office and multiple loading doors.
      923 Whitaker Rd, Plainfield, IN 46168
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space available for lease in Plainfield, Indiana.
    Where is this warehouse located?
    The property is located at 851 Columbia Rd Plainfield, IN.
    What are key features of this property?
    This property features: - Industrial warehouse space; - Located in Plainfield, Indiana; - Available for lease
    (317) 697-1091
    Request Owner's contact information
    851 Columbia Rd Plainfield, IN 46168
    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.
    851 Columbia Rd
    Plainfield, IN 46168
    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
    851 Columbia Rd Plainfield, IN 46168
    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
    Terrance Busch
    (317) 697-1091
    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!