Add Listing
    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

    225 Springmill Pointe Dr Westfield, IN 46074

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime in-store retail, high traffic.

    Lot size:
    946 SF

    Property Features for 225 Springmill Pointe Dr

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    946 SF

    Spaces For Lease

    at 225 Springmill Pointe Dr, Westfield, IN 46074 Contact us

    We can help!

    Listing Contact
    Kevin Marschall
    Kevin Marschall

    Listing Agency: InStore Commercial Real Estate Listing Agent: Kevin Marschall

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

    Learn more

    Overview

    This exceptional retail opportunity is located inside a high-traffic Meijer store in Westfield, Indiana (Hamilton County, zip code 46074, address: 225 W Spring Mill Pointe Dr). The available space totals 946 square feet, offering unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including a high-traffic, front-of-store location strategically placed for maximum customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. The property is situated in a thriving trade area with a desirable customer base. This location is ideal for various businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is part of a multiple-tenancy building. The space is currently vacant and ready for immediate occupancy. This unique opportunity allows businesses to position themselves within one of the Midwest's most well-known retail destinations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meijer Pharmacy Pharmacy Meijer Bakery Bakery Meijer Deli Food Market Shell Recharge Charging ... Electric Vehicle Charging Station Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.162503075627
    Latitude
    40.041677920151

    Nearby Similar for Lease

    • $495 /Mo
      4,500 SF

      Retail Space in Westfield, IN

      Retail property available for lease in Westfield, Indiana.
      770 Pawtucket Dr, Westfield, IN 46074
      View Details
    • $8 SF/Yr

      Westfield Warehouse Space Available

      40,000 SF warehouse with easy access to U.S. 31.
      2000 E 196Th St, Westfield, IN 46074
      View Details
    • Contact for pricing
      13,048 SF

      Westfield Mixed-Use Development Opportunity

      64-acre mixed-use development with retail, residential, medical, and hospitality components.
      46074 Usa, Westfield, IN 46074
      View Details
    • Contact for pricing
      1,945 SF

      Retail Space Near Grand Park

      Retail property near Grand Park in Westfield, Indiana.
      46074 Usa, Westfield, IN 46074
      View Details
    • Contact for pricing
      2,641 SF

      Westfield Office Space For Rent

      Office space available for lease in Westfield, Indiana.
      17827 Commerce Dr, Westfield, IN 46074
      View Details
    • Contact for pricing

      Commerce Park Drive Specialty Property

      Specialty property available for rent in Westfield, Indiana.
      20418 Commerce Park Dr, Westfield, IN 46062
      View Details
    • Contact for pricing
      1,732 SF

      Westfield Retail and Restaurant Space

      Retail and restaurant spaces in a neighborhood shopping destination.
      14631-14655 N Gray Rd, Westfield, IN
      View Details
    • Contact for pricing
      22,500 SF

      New Industrial Space, Westfield, IN

      New industrial building with suites available for lease in Westfield.
      16465 Southpark Dr, Westfield, IN 46074
      View Details
    • Contact for pricing
      2,500 SF

      Westfield Warehouse Space Available

      2,500 sqft warehouse space for lease in Westfield, Indiana.
      17406 Tiller Ct, Westfield, IN 46074
      View Details
    • Contact for pricing
      14,000 SF

      Industrial Space Near US 31

      14,000 SF industrial property located 1.2 miles from US 31.
      17408 Tiller Ct, Westfield, IN 46074
      View Details
    • Contact for pricing
      1,560 SF

      Retail Space Near Monon Trail

      1,560 SF retail space with multiple access points.
      829 E State Road 32, Westfield, IN 46074
      View Details
    • $8 SF/Yr
      106,267 SF

      Prime Hamilton County Manufacturing Space

      106,267 SF Multi-Tenant Industrial Building
      2000 196Th St, Westfield, IN 46074
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime in-store retail, high traffic.
    Where is this retail property located?
    The property is located at 225 Springmill Pointe Dr Westfield, IN.
    What are key features of this property?
    This property features: 946 SF retail space available within a high-traffic Meijer store.; High visibility, front-of-store location in a busy Westfield, Indiana Meijer (225 W Spring Mill Pointe Dr, 46074).; All-inclusive monthly rent covers taxes, insurance, CAM, and utilities.
    Request Owner's contact information
    225 Springmill Pointe Dr Westfield, IN 46074
    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.
    225 Springmill Pointe Dr
    Westfield, IN 46074
    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
    225 Springmill Pointe Dr Westfield, IN 46074
    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 Kevin Marschall
    Kevin Marschall
    Real Estate License ID: 471022479
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!