Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10890 Bennett Pkwy Ext Zionsville, IN 46077
    Property profile & analytics

    10890 Bennett Pkwy Ext, Zionsville, IN 46077

    View on Map
    • Warehouses
    • 30,000 SF
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 10890 Bennett Pkwy Ext

    Year built
    2024
    Lot size
    2.00 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial building in Zionsville, Indiana, offers 30,000 square feet of versatile space, ideally suited for manufacturing, warehousing, distribution, or flex uses. Located at 10890 Bennett Pkwy Ext, Zionsville, IN 46077, this single-story building boasts 23,000 square feet of immediately available space, divisible into two 11,500-square-foot units. Each unit includes 1,000 square feet of built-out office space. The property features a 20-foot clear height ceiling, providing ample vertical space for storage and operations. Loading and unloading are efficient with six 9x10 dock doors and three 14x14 drive-in doors. The building sits on a 2-acre lot and offers convenient access via 106th Street. Ample parking is available with 25 total spaces. The building is equipped with three-phase power and is zoned I-ORT. This prime location in the Northwest submarket of Zionsville is available in Q1 2025. The lease rate is $15.00 per square foot, NNN. Don't miss this opportunity to secure your ideal industrial space in this thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zionsville
    County
    Boone
    State
    Indiana
    Longitude
    -86.2485
    Latitude
    39.9432

    Comparable in this City

    • Value Estimation by Request
      135,950 SF

      10655 Andrade Dr

      Flex space
      10655 Andrade Dr, Zionsville, IN 46077
      View Details
    • Value Estimation
      $1,115,000
      52,220 SF

      7113 Mayflower Park Dr

      WAREHOUSE, STORAGE
      7113 Mayflower Park Dr, Zionsville, IN 46077-7900
      View Details
    • Value Estimation by Request
      6,864 SF

      4738 Northwestern Dr

      WAREHOUSE, STORAGE
      4738 Northwestern Dr, Zionsville, IN 46077-9225
      View Details
    • Value Estimation by Request
      5,544 SF

      7512 Frd Rd

      STORAGE YARD, OPEN STORAGE
      7512 Frd Rd, Zionsville, IN 46077
      View Details
    • Value Estimation
      $645,000
      27,906 SF

      7436 Mayflower Park Dr

      WAREHOUSE, STORAGE
      7436 Mayflower Park Dr, Zionsville, IN 46077-7904
      View Details
    • Value Estimation
      $705,000
      20,540 SF

      7450 Mayflower Park Dr

      WAREHOUSE, STORAGE
      7450 Mayflower Park Dr, Zionsville, IN 46077-7904
      View Details

    Similar Nearby for Sale

    • $199,000
      0.17 Acres

      Residential Lots in Holliday Farms

      Residential lots in Zionsville's Holliday Farms community with social membership.
      4155 Hartswick Ct, Zionsville, IN 46077
      View Details
    • $531,250

      Land For Sale

      Land available for sale in Zionsville, Indiana.
      2905 S 1200 E, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Zionsville Development Opportunity

      Fully-zoned development land in Zionsville, Indiana.
      10801 East 300 South, Zionsville, IN 46077
      View Details
    • $495,000
      1.17 Acres

      Versatile Lot in Growing Area

      1.17 acre lot suitable for residential or commercial development.
      10048 E Taylor Ave, Zionsville, IN 46077
      View Details
    • $750,000
      7.11 Acres

      Zionsville Residential Lots with Creek

      7+ acre residential lots with 1200 ft creek frontage.
      7655 E 550 S, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Zionsville Commercial Land - 2000 SF

      Prime Zionsville location, 2000 sq ft commercial lot.
      106th St & Main St, Zionsville, IN 46077
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Industrial Park in Zionsville

      Industrial park with warehouse and office space for rent.
      4725-4745 W 106Th St, Zionsville, IN 46077
      View Details
    • $35 SF/Yr

      Class A Retail Space Zionsville

      Premier retail space in Zionsville with high visibility and accessibility.
      11000 N Michigan Rd, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Whitestown Land for Lease

      Land available for retail, medical, and restaurant development.
      3863 S Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing
      19,159 SF

      Zionsville Retail Center - Main Street

      Prime Zionsville retail space, 3,200-11,166 SF available.
      106th St & Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Zionsville Development Land For Rent

      Zoned development land in Zionsville, Indiana, for rent.
      146th St. And Michigan St, Zionsville, IN 46077
      View Details
    • Contact for pricing
      960 SF

      Retail Space in Zionsville, IN

      1620 SF retail space in high-traffic Zionsville corridor.
      10895 N Michigan Rd, Zionsville, IN 46077
      View Details
    Request Owner's contact information
    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.
    10890 Bennett Pkwy Ext
    Zionsville, IN 46077
    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
    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

    Thank You for Inquiry
    10890 Bennett Pkwy Ext, Zionsville, IN, 46077
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!