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    Property profile & analytics
    FOR LEASE
    Warehouses

    2000 E 196Th St, Westfield, IN 46074

    105,760 SF 16.7 ac lot Built 1990
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US31-1131049
    Property summary
    AI-generated overview

    This Class A industrial property, located at 2000 E. 196th Street in Hamilton County, offers a rare opportunity for manufacturing businesses. The building totals 106,267 square feet and is currently multi-tenant, with one 40,000 square foot space immediately available. This space features a 200' x 200' footprint with 50' x 50' column spacing, providing excellent flexibility for various manufacturing processes. The high ceilings, measuring 20 feet, accommodate substantial equipment and operations. Loading is facilitated by six loading docks, plus one drive-in door, ensuring efficient material handling. The space is climate-controlled, offering both heating and cooling for optimal working conditions. The property boasts robust electrical service, including 480V, 3-phase, 1500 amp power. The building is situated for convenient access to US 31, enhancing logistics and transportation. The 2025 budget anticipates a net-net-net (NNN) lease rate of $2.16 per square foot. The minimum divisible space is 40,000 square feet, with a maximum contiguous space also at 40,000 square feet. This exceptional property presents a compelling opportunity for businesses seeking a modern, efficient, and strategically located manufacturing facility.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1990
    Construction TYPE NOT SPECIFIED
    Total area 105,760 SF
    Lot 16.7 ac (727,452 SF)
    APN 29-06-19-000-012.000-015
    UPID US31-1131049
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pangeo - Porter Engineered Systems Inc Industrial Manufacturer Production Facility
    • Richards Building Supply Distribution Center Logistics Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $7.50M
    Comparable Approach Comparable
    $10.44M
    Blend (final) Blend
    $8.17M
    Owner & transaction history
    City Of Westfield Indiana · 6 yrs held
    City Of Westfield Indiana
    since 2020
    Last sale
    $6,605
    2 recorded transactions
    2020
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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