Building Details

Tenancy Single

Listing Agency: Vantage Commercial Real Estate

Listed By: Kevin Sadowski · License #IL 471019394

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:31AM

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Investment Insights

Based on property information with market context.

This office property is located at 22 W New Rd in Greenfield, Indiana. The offering is identified with a 7.75% capitalization rate and 10% bumps, providing key financial metrics for evaluation.

Key Highlights

• 7.75% capitalization rate
• 10% bumps
• Located at 22 W New Rd, Greenfield, IN 46140

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Electrical Service Law Firm Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

332

Businesses Nearby

Explore this area Business Placement

Demographics for 46140, IN

41,708

Population

18,167

Households

2.3

Avg Household Size

42

Median Age

27%

College-Educated

93%

High-School Grad

172.5 sq mi

ZIP Area

242

Density / Sq Mi

$82,850

Median Household Income

$47,837

Median Earnings

$1,099

Median Rent

$227,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Office property located on W New Rd in Greenfield, Indiana.

Where is this office building located?

The property is located at 22 W New Rd Greenfield, IN.

What are key features of this property?

This property features: 7.75% capitalization rate; 10% bumps; Located at 22 W New Rd, Greenfield, IN 46140