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    2000 196Th St Westfield, IN 46074

    For Lease
    $8 SF/Yr

    106,267 SF Multi-Tenant Industrial Building

    Lot size:
    106,267 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This Class A industrial property, located at 2000 E. 196th Street in Hamilton County, offers a rare opportunity for manufacturing businesses. The building totals 106,267 square feet and is currently multi-tenant, with one 40,000 square foot space immediately available. This space features a 200' x 200' footprint with 50' x 50' column spacing, providing excellent flexibility for various manufacturing processes. The high ceilings, measuring 20 feet, accommodate substantial equipment and operations. Loading is facilitated by six loading docks, plus one drive-in door, ensuring efficient material handling. The space is climate-controlled, offering both heating and cooling for optimal working conditions. The property boasts robust electrical service, including 480V, 3-phase, 1500 amp power. The building is situated for convenient access to US 31, enhancing logistics and transportation. The 2025 budget anticipates a net-net-net (NNN) lease rate of $2.16 per square foot. The minimum divisible space is 40,000 square feet, with a maximum contiguous space also at 40,000 square feet. This exceptional property presents a compelling opportunity for businesses seeking a modern, efficient, and strategically located manufacturing facility.

    Property Features for 2000 196Th St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    106,267 SF
    Class
    A
    Total Rate
    79257.47

    Unit(s) available at that property

    Space
    Suite 100
    Size
    40,000 SF
    Rate per SF
    $8

    HighLights

    • Class A industrial manufacturing property totaling 106,267 square feet.
    • One 40,000 square foot space available for lease.
    • Features 20‑foot clear height ceilings, fully heated and cooled.
    • Includes 6 loading docks (2 docks, 1 drive‑in).
    • Located in Hamilton County with easy access to US 31.
    • NNN lease rate of $2.16/SF (2025 budget), 480V, 3‑phase, 1500 amp power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pangeo - Porter Engineered ... Manufacturer Richards Building Supply Distribution Service

    Suggested Use

    Restaurant Building Supply Clothing Store Hotel & Motel Auto Parts Store Gym & Fitness Department Store Storage Facility Bar & Pub Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1250041
    Latitude
    40.0729009

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    FAQs

    What type of property is this?
    Manufacturing property - 106,267 SF Multi-Tenant Industrial Building
    Where is this manufacturing property located?
    The property is located at 2000 196Th St Westfield, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Class A industrial manufacturing property totaling 106,267 square feet.; One 40,000 square foot space available for lease.; Features 20-foot clear height ceilings, fully heated and cooled.
    Request Owner's contact information
    2000 196Th St Westfield, IN 46074
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    Westfield, IN 46074
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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
    2000 196Th St Westfield, IN 46074
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