Property profile

575 Northfield Dr Brownsburg, IN 46112

OFF-MARKET
Office Spaces
Property ID
US31-1256622
28,228 SF 32.57 ac lot Built 2006
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 18-acre (14.3 net acres) commercial land parcel presents a unique investment opportunity in Brownsburg, Indiana. Located at 575 W Northfield Drive, this property boasts a highly desirable Institutional (IS) zoning designation, permitting the development of healthcare facilities, schools, or government buildings. The site benefits from exceptional visibility and accessibility, situated less than half a mile from the heavily trafficked intersection of N Green Street and I-74. With nearly 15,000 vehicles passing daily on W Northfield Drive, this location offers significant frontage and exposure for any development. The property's address is 575 W Northfield Dr, Brownsburg, IN 46112, within Hendricks County. Its coordinates are 39.859615 latitude and -86.402159 longitude. This substantial land holding provides ample space for a large-scale project, capitalizing on Brownsburg's thriving commercial sector and convenient access to major transportation arteries. The zoning and location combine to create a compelling opportunity for developers seeking a strategic site in a rapidly growing area. This is a rare chance to acquire a significant land parcel with exceptional potential in a prime location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 28,228 SF
Lot 32.57 ac (1,418,749 SF)
APN 32-07-03-226-001.000-026
UPID US31-1256622

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • High School Daycare Center

Location

575 Northfield Dr Brownsburg, IN 46112-8158
Brownsburg metro Census 210103 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.47M
Comparable Approach Comparable
$3.94M
Blend (final) Blend
$3.97M

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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