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    16465 Southpark Dr Westfield, IN 46074

    For Lease
    Contact for pricing

    New industrial building with suites available for lease in Westfield.

    Property size:
    22,500 SF
    Lot size:
    3.69 Acres

    Property Features for 16465 Southpark Dr

    General Information

    Size
    22,500 SF
    Lot size
    3.69 Acres

    Source: Colliers Agent Cam Kucic SIOR

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

    Overview

    New Industrial Space, Westfield, IN

    A new industrial building, designated Building 1, offers approximately 22,500 square feet of space, with an estimated delivery date of August 2025. The building can be divided into two suites of approximately 11,250 square feet each, with each suite including approximately 1,015 square feet of office space. Each suite is equipped with 2 dock doors (9’x10’) and 1 drive-in door (12’x14’). The building features a clear height of 20’-22’. A future Building 2 is planned, offering an additional approximately 22,500 square feet. The property benefits from a 10-year tax abatement. It provides immediate access to US-31 and is ideally situated near numerous retailers and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    The File Depot, Public Storage, Indianapolis Pallet Racking

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1392938
    Latitude
    40.0260312

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    FAQs

    What type of property is this?
    Warehouse - New industrial building with suites available for lease in Westfield.
    Where is this warehouse located?
    The property is located at 16465 Southpark Dr Westfield, IN.
    What are key features of this property?
    This property features: - Immediate access to US-31; - 10-year tax abatement in place; - New construction: **±22,500 SF available August 2025**
    (317) 557-4013
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    16465 Southpark Dr Westfield, IN 46074
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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
    16465 Southpark Dr Westfield, IN 46074
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