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    5670 Aurora Way McCordsville, IN 46055

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    5670 Aurora Way McCordsville, IN 46055

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    • Warehouses
    • 1,008,072 SF
    • 62.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5670 Aurora Way

    Lot size
    62.00 lot acres
    Property size
    1,008,072 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McCordsville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.9134
    Latitude
    39.8636

    Comparable in this City

    • Value Estimation by Request
      1,008,072 SF

      5670 Aurora Way

      Manufacturing properties • 1,008,072 SF
      5670 Aurora Way, McCordsville, IN 46055
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      3,220 SF

      3867 Aviation Way

      STORAGE YARD, OPEN STORAGE • 3,220 SF
      3867 Aviation Way, Mccordsville, IN 46055
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      400 SF

      5800 Short Rd

      STORAGE YARD, OPEN STORAGE • 400 SF
      5800 Short Rd, Mccordsville, IN 46055
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    • Value Estimation
      $4,185,000
      38,990 SF

      13942 96th St

      MINI-WAREHOUSE, STORAGE • 38,990 SF
      13942 96th St, Mccordsville, IN 46055-9810
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    • Value Estimation by Request
      13.89 Acres

      5625 Enterprise Dr

      WAREHOUSE, STORAGE • 13.89 Acres
      5625 Enterprise Dr, Mccordsville, IN 46055-9012
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    • Value Estimation by Request
      25.24 Acres

      5935 Enterprise Dr

      WAREHOUSE, STORAGE • 25.24 Acres
      5935 Enterprise Dr, Mccordsville, IN 46055-9011
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    Similar Nearby for Sale

    • Contact for pricing
      1,008,072 SF

      Mt. Comfort Industrial Development

      State-of-the-art 1,008,072 SF industrial development in Mt. Comfort.
      5670 Aurora Way, McCordsville, IN 46055
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      123,218 SF

      7795 N 200 W, McCordsville, IN 46055

      Industrial properties • 123,218 SF
      7795 N 200 W, McCordsville, IN 46055
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    • $1,500,000
      Pending

      McCordsville Land Development Opportunity

      3.769 acre commercial land in rapidly growing McCordsville, Indiana.
      8965 N 600 W, McCordsville, IN 46055
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    • Contact for pricing

      Mixed-Use Project on US 36

      New mixed-use project with retail, commercial, and multi-family spaces.
      7600 N 600 W, McCordsville, IN 46055
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      1,873 SF

      1,873 SF Office Building

      Office building built in 1975 with strategic location.
      5189 W 600 N, McCordsville, IN 46055
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    • $425,000
      434,903 SF

      Farmland Available Near Subdivisions

      Vacant farmland totaling approximately 9.984 acres near residential areas.
      700 North 700 West, McCordsville, IN 46055
      View Details

    Similar Nearby for Lease

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      602,640 SF

      Industrial Space in Greenfield, Indiana

      Industrial park with build-to-suit options and strategic location.
      6853 W 500 N, McCordsville, IN 46055
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      902,720 SF

      East 70 Logistics Park

      Industrial buildings for lease in Greenfield, Indiana.
      4643 N 700 W, McCordsville, IN 46055
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      432,000 SF

      Industrial Space in Greenfield, Indiana

      Industrial park with build-to-suit options and strategic location.
      4678 N 600 W, McCordsville, IN 46055
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    • Contact for pricing

      Industrial Building with Spec Office

      State-of-the-art industrial building with spec office available for rent.
      5670 Aurora Way, McCordsville, IN 46055
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    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity with high visibility and customer traffic.
      6939 W Broadway, McCordsville, IN 46055
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    • Contact for pricing

      Commercial Outlot For Lease

      Approximately 2-acre outlot available for build-to-suit or ground lease.
      8956 N 600 W, McCordsville, IN 46055
      View Details
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    McCordsville, IN 46055
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    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
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    5670 Aurora Way, McCordsville, IN, 46055

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