Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    450 & Crk 400 Whitestown, IN 46075

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    450 & Crk 400 Whitestown, IN 46075

    View on Map
    • Industrial properties
    • 1,000,000 SF
    • 96.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 450 & Crk 400

    Year built
    2025
    Lot size
    96.00 lot acres
    Property size
    1,000,000 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    Whitestown Commerce Park offers 1,000,000 square feet of state-of-the-art industrial space for lease or build-to-suit. This four-building complex, situated on 96 acres in Boone County, Indiana, provides exceptional access to major transportation routes via I-65 and SR 267, ensuring seamless connectivity to Indianapolis and broader regional and national markets. The property boasts a modern design with flexible site plans, allowing for customizable solutions to meet diverse tenant needs. Individual units range from a minimum of 40,000 square feet to a maximum contiguous space of 419,000 square feet, with the entire 1,000,000 square feet currently vacant. Building features include a 36-foot ceiling height, 132 loading docks, and 10 drive-in doors. Power is supplied at 1200 amp, 480V, 3-phase. The property is zoned I-1 and is located at CR 450 E & CR 400 S, Whitestown, IN 46075, within the NW submarket. Built in 2025, this property represents a prime opportunity for businesses seeking modern, efficient, and strategically located industrial space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Whitestown
    County
    Boone
    State
    Indiana
    Longitude
    -86.3844
    Latitude
    39.9893

    Comparable in this City

    • Value Estimation
      $1,125,000
      32,706 SF

      6145 Indianapolis Rd

      MANUFACTURING (LIGHT) • 32,706 SF
      6145 Indianapolis Rd, Whitestown, IN 46075-9526
      View Details
    • Value Estimation
      $5,850,000
      140,690 SF

      4600 Anson Blvd

      MANUFACTURING (LIGHT) • 140,690 SF
      4600 Anson Blvd, Whitestown, IN 46075-4489
      View Details
    • Value Estimation by Request
      6,720 SF

      86 Pierce St

      MANUFACTURING (LIGHT) • 6,720 SF
      86 Pierce St, Whitestown, IN 46075
      View Details
    • Value Estimation by Request
      8,466 SF

      4002 Perry Blvd

      INDUSTRIAL (GENERAL) • 8,466 SF
      4002 Perry Blvd, Whitestown, IN 46075-9709
      View Details
    • Value Estimation by Request
      7,848 SF

      7351 Indianapolis Rd

      INDUSTRIAL (GENERAL) • 7,848 SF
      7351 Indianapolis Rd, Whitestown, IN 46075-9511
      View Details
    • Value Estimation by Request
      3,000 SF

      4360 Whitelick Dr

      INDUSTRIAL (GENERAL) • 3,000 SF
      4360 Whitelick Dr, Whitestown, IN 46075-9376
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Downtown Whitestown Industrial Redevelopment Opportunity

      Industrial building in growing area with redevelopment potential.
      65 E Pierce St, Whitestown, IN 46075
      View Details
    • $850,000

      Redevelopable Industrial Building in Whitestown

      10,000 SF industrial building with redevelopment potential in Whitestown.
      65 E Pierce St, Whitestown, IN 46075
      View Details
    • $850,000
      10,000 SF

      Industrial Building Available for Redevelopment

      10,000 SF industrial building in a great location.
      65 E Pierce St, Whitestown, IN 46075
      View Details
    • Contact for pricing

      Modern Warehouse Facility in Whitestown

      68,792 SF facility built in 2017 near I-65.
      3750 Perry Blvd, Whitestown, IN 46075
      View Details
    • Contact for pricing

      Mixed-Use Development Opportunity

      Mixed-use PUD development opportunity along Ronald Reagan Parkway expansion.
      400 E S, Whitestown, IN 46075
      View Details
    • $2,100,000
      2,566 SF

      Whitestown Retail Property for Sale

      Retail property available in Whitestown, Indiana, with 2,566 square feet.
      6120 Whitestown Pkwy, Whitestown, IN 46075
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Whitestown Industrial Space for Lease

      184,140 SF available in AllPoints at Anson industrial park.
      4255-4259 S Cr 500 E, Whitestown, IN 46075
      View Details
    • Contact for pricing

      Whitestown Warehouse Space Available

      Warehouse space available for rent in Whitestown, Indiana.
      5561 E 500 South, Whitestown, IN 46075
      View Details
    • Contact for pricing
      286,344 SF

      Whitestown Warehouse Space for Lease

      Industrial warehouse space available near I-65 and Indianapolis Airport.
      5561 E 500 S, Whitestown, IN 46075
      View Details
    • Contact for pricing

      Whitestown Warehouse Space Available

      672,944 SF warehouse space for lease in Whitestown, Indiana.
      6056 Commerce Dr, Whitestown, IN 46075
      View Details
    • Contact for pricing

      Whitestown Industrial Flex Showroom Space

      New construction industrial flex showroom space for rent in Whitestown.
      4355 Perry Worth Rd, Whitestown, IN 46075
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Whitestown, Indiana.
      Cr 450 South, Whitestown, IN 46075
      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.
    450 & Crk 400
    Whitestown, IN 46075
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!