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

    1655 W County Line Rd Greenwood, IN 46142

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    Commercial land for development on busy W County Line Road.

    Lot size:
    0.89 Acres

    Property Features for 1655 W County Line Rd

    General Information

    Standard status
    Active
    Lot size
    0.89 Acres

    We can help!

    Listing Contact
    Albert Stancato
    Source: Exprealty

    Listing Agency: Highgarden Real Estate Listing Agent: Albert Stancato

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

    Learn more

    Overview

    Commercial Land on County Line

    This offering includes nearly 2 acres of commercial property being sold as-is for its commercial land value. It is positioned as a great investment opportunity for commercial land development. The property features 208 feet of frontage and extends 375 feet deep, totaling 1.74 acres. Zoned CM (Commercial), the property is located on West County Line Road, just off Highway 135. Note that this property is being sold together with the adjacent parcel at 1641 W County Line Rd and will not be separated.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.15651
    Latitude
    39.634518

    Nearby Similar for Sale

    • $2,350,000
      12,293 SF

      Greenwood Commercial Property on US-31

      Combination medical office and retail space in high-growth Greenwood, Indiana.
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • $775,000
      4,400 SF

      Prime Commercial Opportunity in Greenwood

      4400 SF building on nearly an acre of land.
      4978 W Smith Valley Rd, Greenwood, IN 46142
      View Details
    • $1,575,000
      5,000 SF

      Greenwood Retail Opportunity

      Retail property for sale in Greenwood, Indiana.
      1000 N State Road 135, Greenwood, IN 46142
      View Details
    • $825,000
      5,453 SF

      Greenwood Office Building For Sale

      5,453 SF office building with multi-tenant potential in Greenwood.
      918 Fry Rd, Greenwood, IN 46142
      View Details
    • $350,000
      2,429 SF

      Greenwood Mixed-Use Redevelopment Opportunity

      Mixed-use property in Greenwood's revitalizing Old Town corridor.
      100 E Main St, Greenwood, IN 46143
      View Details
    • $395,000
      1,578 SF

      New Single-Level Home in Greenwood

      New construction single-family home with low-maintenance lifestyle in Center Grove.
      1148 Easy St, Greenwood, IN 46142
      View Details
    • $385,000
      1,578 SF

      New Single-Level Home in Greenwood

      New construction, single-level home with low-maintenance living in Greenwood, IN.
      1148 Easy St, Greenwood, IN 46142
      View Details
    • $185,000
      1,270 SF

      Charming Condo with Garage

      Two-bedroom condo with updated flooring, garage, and private deck.
      1136 Paradise Way N, Greenwood, IN 46143
      View Details
    • $2,350,000

      Medical/Retail Space Near New Development

      Combination medical and retail space near Greenwood's new "The Madison".
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • $1,050,000
      6,000 SF

      Warehouse/Office with Tax Abatement

      6,000 SF warehouse/office with HVAC and tax abatement.
      1257 Airport Pkwy, Greenwood, IN 46143
      View Details
    • Contact for pricing
      4,800 SF

      Greenwood Warehouse with Mezzanine Storage

      4,800 SF warehouse with lease through April 2028.
      444 N Madison Ave, Greenwood, IN 46142
      View Details
    • $5,070,000
      9,900 SF

      Retail Property on Smokey Row

      Retail property available for sale in Greenwood, Indiana.
      1565 W Smokey Row Rd, Greenwood, IN 46143
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for development on busy W County Line Road.
    Where is this commercial land located?
    The property is located at 1655 W County Line Rd Greenwood, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Nearly 2 acres of commercial property being sold for land value.; - Located on busy W County Line Road, just off Highway 135.; - Zoned Greenwood Zoning - CM (Commercial).
    (317) 504-2663
    Request Owner's contact information
    1655 W County Line Rd Greenwood, IN 46142
    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.
    1655 W County Line Rd
    Greenwood, IN 46142
    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
    1655 W County Line Rd Greenwood, IN 46142
    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
    Albert Stancato
    (317) 504-2663
    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.