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    3124 Smith Valley Rd Greenwood, IN 46142

    For Sale
    $995,000

    High-visibility Greenwood land, ideal for retail or office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2-acre commercial land parcel, located at 3124 W Smith Valley Rd in Greenwood, Indiana (46142), presents a unique investment opportunity. Zoned C-2, this property offers high visibility and significant traffic counts, boasting adjacency to CVS and proximity to Menards. Future development plans include a new connecting drive to Marlin Drive and a major Smith Valley Road upgrade tied to the I-69/I-65 interchange. The property's strategic location within the thriving Center Grove community makes it perfect for a variety of uses, including office space, retail establishments, restaurants, or car washes. The APN is 410335044031000041. While the current listing includes approximately 2 acres, there's potential for expansion with additional acreage available to the west. Three adjacent parcels totaling 2.9 acres are also available to the east. Showings require 24-hour advance notice. Please respect tenants and avoid unscheduled visits. Asking price is $995,000.

    Property Features for 3124 Smith Valley Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1614691
    Latitude
    39.6066619

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    FAQs

    What type of property is this?
    Land - High-visibility Greenwood land, ideal for retail or office.
    Where is this land located?
    The property is located at 3124 Smith Valley Rd Greenwood, IN.
    What is the asking price?
    The asking price for this property is $995,000.
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    3124 Smith Valley Rd Greenwood, IN 46142
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    Greenwood, IN 46142
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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
    3124 Smith Valley Rd Greenwood, IN 46142
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