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    1309 750 Indianapolis, IN 46143
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    1309 750 Indianapolis, IN 46143

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    • Retail properties & Spaces
    • 1.49 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1309 750

    Lot size
    1.49 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.49-acre commercial land parcel in Greenwood, Indiana, presents a unique investment opportunity. Located at a gateway roundabout with excellent visibility and frontage on Worthsville Road, this property boasts unparalleled access to I-465, a major transportation artery. The site is zoned I-2 and is conveniently situated directly across the street from an elementary and middle school, offering high traffic visibility and potential for various commercial uses. The land is divisible to suit, subject to approval, providing flexibility for developers. Gas restrictions are in place. This property benefits from its location on a four-lane corridor road, extending from the I-65 interchange to US 31, ensuring high traffic volume and accessibility. The address is 1309 E 750 N, Greenwood, IN 46143, within Johnson County. This is a rare opportunity to acquire a strategically located commercial lot with significant potential for growth and development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0776
    Latitude
    39.5871

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      1490 Olive Branch Parke Ln

      Retail properties & Spaces • 4,000 SF
      1490 Olive Branch Parke Ln, Greenwood, IN 46143
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    • Value Estimation by Request
      1.49 Acres

      Worthsville Rd & Sheek Rd

      Land • 1 SF
      0 Worthsville Rd & Sheek Rd, Greenwood, IN 46143
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    • Value Estimation by Request
      0.95 Acres

      151 Byrd Way

      Multifamily properties • 0.95 Acres
      151 Byrd Way, Greenwood, IN 46143
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    • Value Estimation by Request
      52.24 Acres

      2341 Worthsville Rd

      Land • 52.24 Acres
      2341 Worthsville Rd, Greenwood, IN 46143
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    • Value Estimation by Request

      825 Worthsville Rd

      Land
      825 Worthsville Rd, Greenwood, IN 46143
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    • Value Estimation by Request
      7.69 Acres

      1761 Main St

      Land • 7.69 Acres
      1761 Main St, Greenwood, IN 46143
      View Details

    Similar Nearby for Sale

    • $350,000
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      Greenwood Mixed-Use Redevelopment Opportunity

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    • $990,000
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      Greenwood Land with Development Potential

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      Land For Sale Greenwood

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      10,000 SF

      Greenwood Land Parcel For Sale

      Land parcel available in Greenwood, Indiana.
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    • $499,900
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      Land Available in Greenwood, Indiana

      Land for sale in Johnson County, GPS friendly location.
      00 W Smokey Row Rd, Greenwood, IN 46143
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      Land For Sale Greenwood

      Land available for sale in Greenwood, Indiana.
      Worthsville Rd. & Sheek Rd, Greenwood, IN 46143
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Greenwood

      Retail space available in Greenwood, anchored by Kroger.
      2200 Independence Dr, Greenwood, IN 46143
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      10,800 SF

      Retail Center in Greenwood, Indiana

      New retail center near major retailers and employers.
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      Greenwood Retail Space for Lease

      Retail spaces available in Kroger-anchored Greenwood shopping center.
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    • $36 SF/Yr
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      Retail Space in Greenwood, Indiana

      Retail space available in a dynamic commercial area.
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    • $25 SF/Yr
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      Retail Space on Main Street

      1,200 SF retail space in high-traffic Greenwood corridor.
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    • Contact for pricing

      Land Available in Greenwood, IN

      Five parcels of land for rent in Greenwood, Indiana.
      N Graham Rd, Greenwood, IN 46143
      View Details
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    1309 750
    Indianapolis, IN 46143
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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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