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    14450 Mundy Dr Noblesville, IN 46060

    Sponsored
    For Sale
    $11,000,000

    High-Cap Rate, Multi-Tenant Retail Center

    Property size:
    66,469 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, totaling 66,469 square feet, boasts a 7.10% cap rate and is fully leased to Crunch Fitness and Urban Air Adventure Park. Located in Noblesville, Indiana, at the intersection of Rt 37 & 146th, this prime location benefits from high visibility and accessibility, situated near major retailers such as Costco and numerous corporate campuses. The single-story building, constructed in 2003 and extensively renovated in 2024, sits on an 11.45-acre lot and offers 323 parking spaces. Both tenants are franchisees with long-term leases extending to December 31, 2033, providing a stable income stream. The property's strong financial performance is reflected in its $781,000 NOI and $11,000,000 asking price, translating to a price per square foot of $165.49. The property is zoned C-1 and offers a compelling investment opportunity for those seeking a high-performing, multi-tenant retail asset in a thriving Indiana market. This core investment features a multi-tenant occupancy of 100% and provides a secure, long-term investment prospect. The property's strategic location within the rapidly growing Noblesville area, near Carmel and Fishers, ensures continued high demand and strong rental income potential.

    Property Features for 14450 Mundy Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    66,469 SF
    Class
    A
    Lot Size
    498,762 SF

    Building Details

    Year Built/Renovated
    2003/2024
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Class A, 66,469 square foot multi‑tenant retail property, fully leased.
    • Recently remodeled with Urban Air Adventure Park and Crunch Fitness as anchor tenants on long‑term leases (expiring 12/31/2033).
    • 7.1% cap rate, with a $781,000 NOI.
    • Ideally located in Noblesville, Indiana, near Carmel and Fishers, at the intersection of Rt 37 & 146th.
    • Excellent visibility and access due to proximity to Costco, corporate campuses, and other major retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Urban Air Trampoline ... Amusement Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0014384
    Latitude
    39.9983459

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    FAQs

    What type of property is this?
    Lifestyle center - High-Cap Rate, Multi-Tenant Retail Center
    Where is this lifestyle center located?
    The property is located at 14450 Mundy Dr Noblesville, IN.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: Class A, 66,469 square foot multi-tenant retail property, fully leased.; Recently remodeled with Urban Air Adventure Park and Crunch Fitness as anchor tenants on long-term leases (expiring 12/31/2033).; 7.1% cap rate, with a $781,000 NOI.
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    14450 Mundy Dr Noblesville, IN 46060
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    Noblesville, IN 46060
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    Realmo Value Estimation

    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.

    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.

    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
    14450 Mundy Dr Noblesville, IN 46060
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