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

    1001 Country Club Rd Indianapolis, IN 46234

    • Warehouses
    • 28,320 SF
    • 8.11 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    Jun 17, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0904208
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1001 Country Club Rd

    Year built
    1986
    Construction
    TYPE NOT SPECIFIED
    Lot size
    8.11 lot acres
    Property size
    28,320 SF
    Property type
    Warehouses
    APN
    49-05-34-100-007.000-900
    APU
    490534100007000900

    Description

    This exceptional multi-tenant industrial/flex property, located at 1001 Country Club Rd, Indianapolis, IN 46234, offers a total of 89,640 square feet of versatile space. Situated on a meticulously maintained 8.11-acre site, the property boasts convenient access to major interstates I-65, I-70, and I-74 via the western section of the I-465 Indianapolis loop. The property is zoned I-3 and currently features three available units, ranging from a minimum of 4,000 square feet to a maximum contiguous space of 12,000 square feet. Ideal for a variety of businesses seeking high-quality industrial or flex space, this property presents a unique opportunity for growth and expansion. The well-maintained building provides ample space for various industrial and office needs, making it a highly desirable location for companies seeking efficient and accessible operations. The property's strategic location and flexible unit sizes cater to a broad range of business requirements, offering a compelling investment prospect within the thriving Indianapolis market. This is a prime opportunity to secure space in a well-located, well-maintained industrial/flex building with excellent access to major transportation arteries.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,800,000
      Market price range: $634k - $1.80M
      AI Estimate
      $1,007,000
      Market price range: $380k - $1.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,150,000
      Current use
      AUTO REPAIR, GARAGE
      $2,255,000
      Change: +97% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,120,000
      Change: +85% Conversion: Difficult
      RETAIL STORES
      $2,115,000
      Change: +84% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,770,000
      Change: +54% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.3068
    Latitude
    39.7808
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,597
    $653,200
    $1,573,700
    $2,226,900
    -
    $653,200
    $1,573,700
    $2,226,900

    Comparable in this City

    • Value Estimation
      $595,000
      30,720 SF

      1727 Country Clb Rd

      WAREHOUSE, STORAGE • 30,720 SF
      1727 Country Clb Rd, Indianapolis, IN 46234-1828
      View Details
    • Value Estimation by Request
      180 SF

      5788 Raceway Rd

      STORAGE YARD, OPEN STORAGE • 180 SF
      5788 Raceway Rd, Indianapolis, IN 46234
      View Details
    • Value Estimation by Request
      7,520 SF

      1419 Country Clb Rd

      WAREHOUSE, STORAGE • 7,520 SF
      1419 Country Clb Rd, Indianapolis, IN 46234-3815
      View Details
    • Value Estimation
      $880,000
      16,160 SF

      3350 Raceway Rd

      WAREHOUSE, STORAGE • 16,160 SF
      3350 Raceway Rd, Indianapolis, IN 46234-1163
      View Details
    • Value Estimation by Request
      1.80 Acres

      8501 Rockville Rd

      MINI-WAREHOUSE, STORAGE • 1.80 Acres
      8501 Rockville Rd, Indianapolis, IN 46234-2725
      View Details
    • Value Estimation by Request
      3,960 SF

      10180 Us Hwy 136

      MINI-WAREHOUSE, STORAGE • 3,960 SF
      10180 Us Hwy 136, Indianapolis, IN 46234
      View Details

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      0.84 Acres

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      0.938 acre commercial land with approved C-4 uses.
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      20.78-acre land parcel suitable for various development projects.
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    Similar Nearby for Lease

    • $9 SF/Yr
      4,000 SF

      Industrial/Flex Space Available

      Multi-tenant industrial/flex property with easy highway access.
      1157-1233 Country Club Rd, Indianapolis, IN 46234
      View Details
    • $9 SF/Yr
      89,640 SF

      Country Club Road Flex Space

      Indianapolis Industrial Flex Space: 3 Units Available
      1001 Country Club Rd, Indianapolis, IN 46234
      View Details
    • $11 SF/Yr
      15,000 SF

      Build-to-Suit Flex Space in Indy

      Modern flex space, ideal for manufacturing.
      10095 Us Highway 136, Indianapolis, IN 46234
      View Details
    • $4,081,379

      Indianapolis Retail Investment Opportunity

      15,000 SF building with 100% occupancy in Indianapolis.
      120 Country Club Rd, Indianapolis, IN 46234
      View Details
    • Contact for pricing
      33,800 SF

      Executive Suites, West Indy

      Prime office space, flexible layouts, I-465 access.
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      View Details
    • Contact for pricing
      33,541 SF

      Rockville Road Retail Opportunity

      High-traffic retail lot, lease or buy.
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    1001 Country Club Rd
    Indianapolis, IN 46234
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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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