Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    7080 Northfield Dr Brownsburg, IN 46112

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $625,000

    Land suitable for offices, banking, or fast food.

    Lot size:
    1.50 Acres

    Property Features for 7080 Northfield Dr

    General Information

    Lot size
    1.50 Acres

    We can help!

    Listing Contact
    Bill Ernst
    Bill Ernst
    Source: Moodyscre

    Listing Agent: Bill Ernst

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

    Learn more

    Overview

    Commercial Land in Growing Area

    This commercial land offers an excellent opportunity for offices, banking, or fast food establishments in Brownsburg's newest growth area. It is suitable for community services and benefits from its location in a large residential and multifamily growth area. The property features excellent visibility and is positioned near Pep Boys, Shell Oil Market Center, and a new daycare facility. All utilities are available at the site, which is surrounded by new streets. Northfield Drive, the newest cross-city thoroughfare, provides access. The property is immediately adjacent to Green Street (267) on the border with Avon, benefiting from high traffic counts.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsburg
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.371874
    Latitude
    39.835865

    Nearby Similar for Sale

    • $4,508,224
      10,113 SF

      Established CVS Property in Brownsburg

      NNN lease CVS with strong sales and premier location.
      21 W Main St, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      9,242 SF

      Modern Office Building in Brownsburg

      10,000 SF office building built in 2023 for sale.
      730 Patricks Pl, Brownsburg, IN
      View Details
    • $5,239,000
      5,915 SF

      New Corporate Ground Lease Opportunity

      20-year corporate ground lease in growing Indianapolis suburb.
      60 E Garner Rd, Brownsburg, IN 46112
      View Details
    • $1,995,000
      1.65 Acres

      Brownsburg Office Complex - 1.65 Acres

      Prime Brownsburg location, redevelopment opportunity. Six parcels included.
      205 Green St, Brownsburg, IN 46112
      View Details
    • $395,000
      1,916 SF

      Brownsburg Mixed-Use Commercial Property

      Prime Brownsburg location, high growth area.
      102 Green St, Brownsburg, IN 46112
      View Details
    • $949,000
      5,903 SF

      Brownsburg Office Complex - I-74 Access

      Two-building office space, prime location, high visibility.
      65 Maplehurst Dr, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      1,800 SF

      Brownsburg Mixed-Use Development

      Prime location, high growth area, 10,000 SF potential.
      8050 Ortho Ln, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      9,242 SF

      Aspen Suites Medical Office

      Modern Brownsburg medical office space for lease or sale
      730 Patricks Pl, Brownsburg, IN 46112
      View Details
    • $499,000
      3,135 SF

      35 Grant St, Brownsburg, IN 46112

      Commercial real estate • 3,135 SF
      35 Grant St, Brownsburg, IN 46112
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for offices, banking, or fast food.
    Where is this commercial land located?
    The property is located at 7080 Northfield Dr Brownsburg, IN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Excellent visibility in Brownsburg's newest growth area.; - Located on Northfield Drive, a new cross-city thoroughfare, immediately adjacent to Green Street (267).; - High traffic counts.
    (317) 506-6770
    Request Owner's contact information
    7080 Northfield Dr Brownsburg, IN 46112
    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.
    7080 Northfield Dr
    Brownsburg, IN 46112
    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
    7080 Northfield Dr Brownsburg, IN 46112
    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
    Bill Ernst
    Bill Ernst
    (317) 506-6770
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.