Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3248 Distribution Way Greenfield, IN 46140

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern warehouse, I-70 access, 219,520 SF available.

    Lot size:
    439,153 SF

    Property Features for 3248 Distribution Way

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    439,153 SF

    Building Details

    Buildings
    1

    Spaces For Lease

    at 3248 Distribution Way, Greenfield, IN 46140 Contact us

    We can help!

    Listing Contact
    Jason Speckman
    Jason Speckman

    Listing Agency: Colliers - Indianapolis, Indiana Listing Agent: Jason Speckman

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

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property, Velocity 70 Trade Center, offers a state-of-the-art, newly constructed bulk distribution facility totaling 439,153 square feet. Currently, 219,520 square feet is available for lease, including 1,878 square feet of office space. The warehouse boasts a substantial 36-foot clear height, providing ample vertical storage capacity. Loading and unloading are efficient with 32 loading docks equipped with lights, fans, levelers, and windows, complemented by 2 drive-in doors. The property features significant on-site parking for both automobiles and trailers, enhancing operational convenience. Security is prioritized with a fenced and gated northern truck court, further secured by a guard shack. Power is robust, supplied by (2) 480V, 800 amp services. The property sits on 27.98 acres of land and is zoned IG (Industrial General), benefiting from a current real estate tax abatement. Its strategic location provides immediate access to Interstate 70, ensuring seamless transportation and logistics. The area also offers a strong workforce pool, making it an ideal location for businesses seeking efficient operations and a skilled workforce. This is a rare opportunity to secure a modern, high-quality warehouse space in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service Grocery & Convenience Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.907133
    Latitude
    39.830342

    Nearby Similar for Lease

    • Contact for pricing
      737,352 SF

      Planned Greenfield Industrial Logistics Park

      Planned industrial logistics park with cross-docked distribution buildings.
      W 500 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      432,000 SF

      Industrial Warehouse Space in Greenfield

      Modern industrial park location with ample parking and dock doors.
      6887 W 350 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      70,824 SF

      Greenfield Retail Center Opportunity

      Prime Hancock County retail space available.
      2211-2243 Barrett Dr, Greenfield, IN 46140
      View Details
    • Contact for pricing
      636,120 SF

      Greenfield Industrial Logistics Park Opportunity

      Industrial park with build-to-suit options in Greenfield, Indiana.
      6595 N 500 E, Greenfield, IN 46140
      View Details
    • Contact for pricing
      802,907 SF

      802,907 SF Industrial Space

      Large industrial space available for lease in Greenfield, Indiana.
      6905 W 300 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      236,759 SF

      Industrial Space Near I-70 Access

      Industrial space available for build-to-suit with I-70 access.
      7800 W 200 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      75,112 SF

      Industrial Space Near I-70 Corridor

      75,112 SF industrial space for lease near I-70.
      3052 North Distribution Way, Greenfield, IN 46140
      View Details
    • Contact for pricing
      606,680 SF

      Industrial Building Available For Lease

      606,680 SF industrial building available for lease in Greenfield, Indiana.
      500 North St W, Greenfield, IN 46140
      View Details
    • Contact for pricing
      506,000 SF

      Greenfield Warehouse Space Available

      506,000 SF warehouse/distribution space in Greenfield, Indiana.
      3086 W 300 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      753,000 SF

      Greenfield Warehouse Space Available

      753,000 SF warehouse/distribution space in Greenfield, Indiana.
      W 300 N, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Specialty Property for Rent

      Specialty property available for rent in Greenfield, Indiana.
      N Buck Creek Rd, Greenfield, IN 46140
      View Details
    • Contact for pricing
      28,000 SF

      Industrial Warehouse Space Available

      28,000 square foot warehouse space for lease.
      W 200 N, Greenfield, IN 46140
      View Details

    FAQs

    What type of property is this?
    Distribution property - Modern warehouse, I-70 access, 219,520 SF available.
    Where is this distribution property located?
    The property is located at 3248 Distribution Way Greenfield, IN.
    What are key features of this property?
    This property features: 439,153 SF new construction modern bulk distribution warehouse.; 219,520 SF available, including 1,878 SF of office space.; Excellent I-70 access.
    (317) 713-2100 Call to check price and availability
    Request Owner's contact information
    3248 Distribution Way Greenfield, IN 46140
    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.
    3248 Distribution Way
    Greenfield, IN 46140
    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
    3248 Distribution Way Greenfield, IN 46140
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Speckman
    Jason Speckman
    Real Estate License ID: RB14023900
    (317) 713-2100
    Learn more
    Google sign-in failed. Please try again or use another login method.