4978 W Smith Valley Road, Greenwood, IN 46142
SINGLE_FAMILY - Greenwood, IN
- Added:
- Mar 20, 2026
- Days on Market:
- 85
- Last Refresh:
- Jun 12 at 7:06 pm
Property Features for 4978 W Smith Valley Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- B-1
- Parking features
- Guest, Gated
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 410334033094000038
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT SW S34 T14 R3 & PT SW 1/4 S34 T14 R3
Building Details
- Floors in Building
- 1
Listing agent Mark Linder License #RB14044403 (317) 844-5111
Listing office CENTURY 21 Scheetz Olive Branch Parke Ln Ste A 1533, Indianapolis, IN (317) 881-2100
Listing date Mar 20, 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.
HighLights
- Ultra‑prime location at the intersection of Smith Valley Road and Morgantown Road.
- 4400 square foot building on nearly an acre of land.
- Versatile space suitable for office or retail use.
- Conveniently located within a 20‑minute drive to downtown Indianapolis and the Indianapolis International Airport.
- Property is priced to sell quickly, allowing budget for upgrades.
- Adjacent .92 acre lot potentially available for purchase.
Overview
The site is located in Greenwood, Indiana at the northeast sector of the Smith Valley Road and Morgantown Road intersection. The seller notes an adjacent 0.92-acre lot that is not included in this sale, with the possibility of purchasing it separately. The seller also describes the area as within a roughly 20-minute drive to downtown Indianapolis and Indianapolis International Airport.
For tenants, buyers, and operators seeking a standalone building in a B-1 zoned setting, this offering provides a practical base for converting an existing automotive-focused facility into office or retail space. Because the property is being sold with an emphasis on accommodating future improvements, it may fit best for users who can evaluate the building’s current condition and plan for the upgrades required for their intended concept.
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 | $87.1k | $19.80 |
| − Vacancy | −$13.1k | −$2.97 |
| EGI | $74.1k | $16.83 |
| − OpEx | −$18.5k | −$4.21 |
| NOI | $55.5k | $12.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.19802
- Latitude
- 39.601041
