Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1809-1929 N Greensburg Xing Greensburg, IN 47240

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr ($7,503 /Mo)

    97,773 SF retail center with large parking field.

    Property size:
    11,255 SF
    Lot size:
    12.08 Acres

    Property Features for 1809-1929 N Greensburg Xing

    General Information

    Size
    11,255 SF
    Lot size
    12.08 Acres

    We can help!

    Listing Contact
    Taylor Marks
    Source: Moodyscre

    Listing Agent: Taylor Marks

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

    Learn more

    Overview

    Retail Center in Greensburg

    This approximately 97,773 square foot retail center is positioned in the heart of Greensburg, Decatur County, Indiana. The property is located in a rapidly growing neighborhood shopping center corridor and is situated approximately one-half mile from I-74. The location offers great visibility and access, with excellent roadside signage and a large parking field. The property, with available spaces starting at 11,255 square feet, is suitable for retail, office, or medical tenants and is home to both national and local retail tenants.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensburg
    County
    Decatur
    State
    Indiana
    Longitude
    -85.406762
    Latitude
    39.359589

    Nearby Similar for Lease

    • $10 SF/Yr
      Pending

      Industrial Property Near Honda Plant

      Commercial property near Honda plant with shop and parking.
      2426 N Cleo Ln, Greensburg, IN 47240
      View Details
    • $12 SF/Yr
      97,773 SF

      Greensburg Crossing Office Suites

      98,000 SF Office & Retail Space Available
      1810 Greensburg Xing, Greensburg, IN 47240
      View Details
    • Contact for pricing
      9,545 SF

      Retail Space Near Rural King

      Retail space available near major retailers and Honda Manufacturing.
      1809 N Broadway St, Greensburg, IN 47240
      View Details
    • $16 SF/Yr
      10,316 SF

      Greensburg Retail Space For Lease

      High-traffic retail space, ample parking.
      2128 Middle Dr, Greensburg, IN 47240
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space Near Interstate

      Retail property with abundant parking and easy interstate access.
      2124-2128 N Middle Dr, Greensburg, IN 47240
      View Details
    • Contact for pricing
      4,960 SF

      Retail Space in Greensburg Crossing

      Retail space available for lease in Greensburg, Indiana.
      1803 N Greensburg Xing, Greensburg, IN 47240
      View Details
    • $2,000 /Mo
      1,000 SF

      Medical Building with Exam Rooms

      Professional medical building featuring 11 exam rooms for rent.
      1463 W Westridge Pkwy, Greensburg, IN 47240
      View Details

    FAQs

    What type of property is this?
    Shopping center - 97,773 SF retail center with large parking field.
    Where is this shopping center located?
    The property is located at 1809-1929 N Greensburg Xing Greensburg, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Large 97,773 SF retail center; - Great visibility & access; - Large parking field
    (817) 927-0050
    Request Owner's contact information
    1809-1929 N Greensburg Xing Greensburg, IN 47240
    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.
    1809-1929 N Greensburg Xing
    Greensburg, IN 47240
    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
    1809-1929 N Greensburg Xing Greensburg, IN 47240
    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
    Taylor Marks
    (817) 927-0050
    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.