Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Activated Office Location For Rent Title is generated by Realmo AI

    242 Westfield Rd, Noblesville, IN 46060

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space with connection and programming in Noblesville, Indiana.

    Type:Office
    Added:
    Jul 8, 2023
    Days on Market:
    1060
    Last Refresh:
    May 12 at 10:18 pm

    Property Features for 242 Westfield Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 242 Westfield Rd Contact us

    3rd Floor $35/Mo

    Size
    10,200 SF
    Type
    Office
    Contact us

    1st Floor $35/Mo

    Size
    10,200 SF
    Type
    Office
    Contact us

    2nd Floor $35/Mo

    Size
    10,200 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Nick Trimpe
    Nick Trimpe

    Listing agent Nick Trimpe License #RB14035822

    Listing office Colliers - Indianapolis, Indiana

    Listing date Jul 8, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Indianapolis, Indiana

    HighLights

    • Activated office location
    • Connection
    • Programming

    Overview

    This is an activated office location offering connection and programming.
    Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • ROI Integrated Office Technologies — 176 w. logan st., suite 222, noblesville, in 46060
    • Noble Geeks | Cell Phone & Computer Repair — inside outhouse coworkinf, 540 westfield rd suite 113, noblesville, in 46060
    • Noble Audio & Video — 20224 Hague Rd, Westfield, IN 46062
    • Simpli MSP — 605 Sheridan Rd Suite 1114, Noblesville, IN 46060

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.016358
    Latitude
    40.049537

    Nearby Similar for Lease

    • $15 SF/Yr
      2,340 SF

      Adaptable Flex Space Near Trail

      Flexible retail, service, or office space near Nickel Plate Trail.
      1104 S 8th St, Noblesville, IN
      View Details
    • $14 SF/Yr
      22,000 SF

      New Industrial Space Available Soon

      New industrial development offering flexible leasing options, available July 2026.
      14383 Herriman Blvd, Noblesville, IN 46060
      View Details
    • $45 SF/Yr
      6,388 SF

      Retail Space in Noblesville

      6388 SF retail space available for lease.
      6165 Promenade Shops Boulevard, Noblesville, IN
      View Details
    • Contact for pricing
      1,100 SF

      Versatile Medical/Flex Office Space

      Adaptable suite in Noblesville's Bergen Business Park, ideal for customization.
      14226 Bergen Blvd, Noblesville, IN 46060
      View Details
    • Contact for pricing

      Noblesville Warehouse Space Available

      Warehouse space available for rent in Noblesville, Indiana.
      9748 E 151st St, Noblesville, IN 46060
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Noblesville, Indiana.
      14469 Olio Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Noblesville, Indiana.
      Olio Rd & I-69, Noblesville, IN 46060
      View Details
    • Contact for pricing
      23,020 SF

      Industrial Flex Space Available

      Versatile industrial flex space in Noblesville, Indiana, for rent.
      9175 E 146th St, Suite 100, Noblesville, IN 46060
      View Details
    • Contact for pricing
      6,334 SF

      Noblesville Flex / Industrial Suite

      6,334 SF flex/industrial suite with dock and drive-in loading.
      15470 Endeavor Dr, Noblesville, IN 46060
      View Details
    • Contact for pricing
      2,500 SF

      Freestanding Office Building For Rent

      Turnkey office space in Noblesville, with ample parking.
      5520 Pebble Village Lane , Noblesville, IN
      View Details
    • $45 SF/Yr

      Noblesville Specialty Property for Rent

      Specialty property available for rent in Noblesville, Indiana.
      SR 32 & Hazel Dell Pkwy, Noblesville, IN 46062
      View Details
    • $35 SF/Yr
      10,200 SF

      Noblesville Office Space Available

      Office space available for lease in Noblesville, Indiana.
      230 Conner St, Noblesville, IN
      View Details

    FAQs

    What type of property is this?
    Office space - Office space with connection and programming in Noblesville, Indiana.
    Where is this office space located?
    The property is located at 242 Westfield Rd Noblesville, IN.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Activated office location; Connection; Programming
    (317) 713-2151 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Trimpe
    Nick Trimpe
    Real Estate License ID: RB14035822
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    242 Westfield Rd, Noblesville, IN 46060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!