Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Greenfield Commercial Land For Sale Title is generated by Realmo AI

    3097 N Mt Comfort Rd, Greenfield, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Divisible commercial land with development potential in fast-growing area.

    Type:LAND
    Lot size:
    3.80 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    192
    Last Refresh:
    Apr 5 at 8:47 pm

    Property Features for 3097 N Mt Comfort Rd

    General Information

    Standard status
    Active
    Lot size
    3.80 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jeffrey 'Jeff' Marchio
    Jeffrey 'Jeff' Marchio

    Listing agent Jeffrey 'Jeff' Marchio License #RB14051298

    Listing office Tharp Realty

    Listing date Nov 10, 2025

    Source Moodyscre

    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 Tharp Realty

    HighLights

    • Shovel Ready Property designated by the State of Indiana.
    • Excellent Visibility with Easy Ingress and Egress from 2 Entry Points.
    • Located in a Fast‑Growing Business and Residential Area near Mt. Comfort Air Park.
    • Corporate neighbors include Reebok, Adidas, Formica, and Caterpillar.
    • Property is Divisible with Many Design and Layout Options Available, plus a 14,000 sf divisible stand alone retail building.
    • Great access to anywhere on the East side of Indianapolis.

    Overview

    This divisible commercial land offers many design and layout options. The property has excellent visibility and easy ingress and egress from two entry points, providing great access to the east side of Indianapolis. Corporate neighbors include Reebok, Adidas, Formica, and Caterpillar. Located next to Mt. Comfort Air Park, a 160-acre master-planned business park, the area is experiencing fast business and residential growth. Carvana is doubling its workforce from 150 to 300 employees. A new Hancock County Hospital campus is under construction. Mt. Comfort Road is being developed as a connector road. The property is zoned B-1 and designated as a shovel-ready property by the State of Indiana. There is also one 14,000 square foot divisible stand-alone retail building.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.7694
    Latitude
    39.785

    Nearby Similar for Sale

    • $699,000

      Cleared Land Ready For Development

      Cleared land approved for self-storage development with existing cell tower lease.
      7716 W 200 N, Greenfield, IN 46140
      View Details
    • $289,900
      1,312 SF

      Versatile Commercial Property in Greenfield, IN

      Adaptable 1.11-acre property suitable for diverse business operations.
      6165 W Station Way, Greenfield, IN 46140
      View Details
    • $825,000
      2,756 SF

      Renovated Pole Barn on Acreage

      Recently renovated pole barn on 1.91 acres in Greenfield, Indiana.
      2440 N Buck Creek Road, Greenfield, IN 46140
      View Details
    • $3,800,000
      39,097 SF

      Greenfield Shopping Center with Auto Repair

      Shopping center with auto repair shop on 5.1 acres.
      1244 W Main Street, Greenfield, IN 46140
      View Details
    • $120,000

      Greenfield Duplex: Income Opportunity

      Two-unit duplex in Greenfield, Indiana, with income potential.
      104 E North Street, Greenfield, IN 46140
      View Details
    • $389,900

      Greenfield Estate Lot Ready-to-Build

      8.7-acre residential lot in Hancock County, ready for custom build.
      2815 W 400 N, Greenfield, IN 46140
      View Details
    • $150,000

      Greenfield Duplex: Investment Opportunity

      Duplex in Greenfield, Indiana with income potential.
      507 S Pennsylvania Street, Greenfield, IN 46140
      View Details
    • $600,000
      3,600 SF

      Two-Story Office Building For Sale

      Two-story office building with flexible floor plans and ample parking.
      1105 West Main Street, Greenfield, IN 46140
      View Details
    • $9,500,000

      25 Acres Prime Investment Opportunity

      25 acres in Hancock County, prime investment opportunity near Mt. Comfort Business Park.
      6130 W 300 N, Greenfield, IN 46140
      View Details
    • $4,400,000

      80-Acre Farm Near I-70

      80-acre farm located near I-70 in Hancock County, Indiana.
      00 N 525 West, Greenfield, IN 46140
      View Details
    • $2,995,000
      12,600 SF

      Spacious Commercial Lot in Greenfield

      12.516-acre commercial lot with 13,000 sq ft building in Greenfield.
      2260 W Main Street, Greenfield, IN 46140
      View Details
    • $150,000

      Greenfield Residential Lots: Build Your Dream

      Two acre residential lots in Hancock County, Mt. Vernon School
      2200 W 200 North Street, Greenfield, IN 46140
      View Details

    FAQs

    What type of property is this?
    Land - Divisible commercial land with development potential in fast-growing area.
    Where is this land located?
    The property is located at 3097 N Mt Comfort Rd Greenfield, IN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Shovel Ready Property designated by the State of Indiana.; Excellent Visibility with Easy Ingress and Egress from 2 Entry Points.; Located in a Fast‑Growing Business and Residential Area near Mt. Comfort Air Park.
    (317) 890-1714 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey 'Jeff' Marchio
    Jeffrey 'Jeff' Marchio
    Real Estate License ID: RB14051298
    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
    3097 N Mt Comfort Rd, Greenfield, IN
    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!