Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Whitestown Industrial Park Opportunity Title is generated by Realmo AI

    CR 450 E & CR 400 S, Whitestown, IN 46075

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Four-building industrial park with customizable solutions in Whitestown, Indiana.

    Type:Industrial
    Lot size:
    96.00 Acres
    Added:
    Aug 23, 2023
    Days on Market:
    1015
    Last Refresh:
    May 12 at 9:49 pm

    Property Features for CR 450 E & CR 400 S

    General Information

    Standard status
    Active
    Lot size
    96.00 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2025

    Spaces For Lease

    at CR 450 E & CR 400 S Contact us

    We can help!

    Listing Contact
    Andrea Hopper
    Andrea Hopper

    Listing agent Andrea Hopper License #IN RB14044164

    Listing office Colliers - Indianapolis, Indiana

    Listing date Aug 23, 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

    • State‑of‑the‑art industrial park.
    • Prime location with excellent access to I‑65 & SR 267.
    • Connectivity to regional and national industrial markets.
    • Highly flexible site plans.
    • Available for lease and build‑to‑suit.
    • Customizable solutions for tenants.

    Overview

    450 Logistics Park is a four-building industrial park located in Whitestown, Indiana. Situated on 96 acres, the park offers state-of-the-art industrial facilities. Its location along I-65 and SR 267 provides access to Indianapolis's major transportation routes, facilitating connectivity to regional and national industrial markets. The park's four modern buildings feature flexible site plans available for lease and build-to-suit, offering customizable solutions for tenants.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Whitestown
    County
    Boone
    State
    Indiana
    Longitude
    -86.3562
    Latitude
    39.9953

    Nearby Similar for Lease

    • $5 SF/Yr
      201,600 SF

      Whitestown Commercial Space Available

      Large 201,600 SF commercial space for rent.
      4860 S Indianapolis Rd, Whitestown, IN 46052
      View Details
    • Contact for pricing
      672,944 SF

      Whitestown Warehouse Space Available

      672,944 SF warehouse space for lease in Whitestown, Indiana.
      6056 Commerce Drive, Whitestown, IN, 46075
      View Details
    • Contact for pricing

      Whitestown Warehouse Space Available

      Warehouse space available for rent in Whitestown, Indiana.
      5561 E 500 South, Whitestown, IN 46075
      View Details
    • Contact for pricing
      257,030 SF

      Whitestown Industrial Facility Sublease

      257,030 SF industrial space in Allpoints at Anson.
      5215 Albert S White Dr, Whitestown, IN
      View Details
    • Contact for pricing
      1,432 SF

      Retail Space in Growing Area

      1,432 SF retail space in fast-growing Whitestown, Indiana.
      6535-6705 Whitestown Pkwy, Whitestown, IN
      View Details
    • $42 SF/Yr

      Mills Drive Commercial Space

      Commercial space available for rent on Mills Drive.
      6388 Mills Drive, Whitestown, IN 46075
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Whitestown Market

      4,500 SF retail space for lease in Whitestown, Indiana.
      6161 S Main St, Whitestown, IN
      View Details
    • Contact for pricing
      662,126 SF

      Bulk Industrial Building For Lease

      Modern industrial building with immediate I-65 access.
      CR 550 S at CR 475 E, Whitestown, IN, 46075
      View Details
    • $13 SF/Yr
      24,900 SF

      Whitestown Industrial Flex Showroom Space

      New construction industrial flex showroom space for rent in Whitestown.
      4355 Perry Worth Rd, Whitestown, IN 46075
      View Details
    • $7 SF/Yr
      286,344 SF

      Whitestown Warehouse Space for Lease

      Industrial warehouse space available near I-65 and Indianapolis Airport.
      5561 E 500 S, Whitestown, IN
      View Details
    • $7 SF/Yr
      83,894 SF

      Whitestown Industrial Space Available Now

      83,894 SF industrial space with modern features in Whitestown.
      5433 IN-267, Whitestown, IN
      View Details
    • Contact for pricing
      172,454 SF

      Whitestown Warehouse with 32' Clearance

      172,454 SF warehouse with 32 dock doors for lease.
      6140 Commerce Dr, Whitestown, IN
      View Details

    FAQs

    What type of property is this?
    Specialty property - Four-building industrial park with customizable solutions in Whitestown, Indiana.
    Where is this specialty property located?
    The property is located at CR 450 E & CR 400 S Whitestown, IN.
    What are key features of this property?
    This property features: State‑of‑the‑art industrial park.; Prime location with excellent access to I‑65 & SR 267.; Connectivity to regional and national industrial markets.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrea Hopper
    Andrea Hopper
    Real Estate License ID: IN RB14044164
    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
    CR 450 E & CR 400 S, Whitestown, IN 46075
    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!