17745 Motor District Circle Westfield, IN 46074
COMMERCIAL - Westfield, IN
Property Features for 17745 Motor District Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Industrial/For Sale
- Parking features
- Garage, Guest, Open, RV
- Security features
- Security System
- Standard status
- Active
- APN
- 290533008020000015
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Acreage .00, Section 33, Township 19, Range 3, Motor District Condominium, Square Feet (Condo) 2,400, Building D, Unit 20, %
Utilities
- Utilities
- Cable Available
- Heating system
- Radiant Floor, Radiant, Electric (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 2020
- Floors in Building
- 2
Listing agent Derek Gutting License #RB14024424 (317) 846-6300
Listing office Keller Williams Indpls Metro N N Meridian St Ste 200 11595, Carmel, IN (317) 846-6300
Listing date May 28, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The space includes large windows and a view of the community’s event plaza. The interior configuration also features a full kitchen and a large living or work area.
Utilities are included in the annual HOA dues, except electricity, which is the owner’s responsibility.
Key Highlights
- 2,400 sq. ft. heated garage unit built in 2020 in Westfield’s Motor District
- End unit with large overhead garage door and open main floor for vehicle storage, workshop, or showroom use
- Parking/storage includes room to fit 11 cars with a lift, plus RV, guest, and open parking features
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $19.44 |
| − Vacancy | −$4.5k | −$1.89 |
| EGI | $42.1k | $17.55 |
| − OpEx | −$10.5k | −$4.39 |
| NOI | $31.6k | $13.17 |
