Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1022 N State St Greenfield, IN 46140

    Property Lookup

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

    1022 N State St Greenfield, IN 46140

    View on Map
    • Commercial land
    For Lease
    View Listing →
    Retail Space in Growing County For Lease
    Contact for pricing

    Retail Space in Growing County

    Retail space available in rapidly growing Hancock County, Indiana.

    1022 N State St, Greenfield, IN 46140
    View Listing
    Property ID
    US31-1061836
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1022 N State St

    Property type
    Commercial land
    Property subtype
    Retail properties & Spaces

    Description

    Greenfield is the county seat of Hancock County that was the fastest growing county in the state of Indiana in 2023 with a 3.7% population growth rate. National chains that have recently added locations in Greenfield include Chick- Fil- A, Chipotle, Panera, Olive Garden, Panda Express and Starbucks has 2 locations with one being relocated to expand and one an additional unit North of Interstate 70. Retail corridor includes Walmart, Home Depot, Kroger, Aldi, Tractor Supply, Bealls, Great Lakes Ace Hardware Stores and more... Located near Hancock Regional Hospital with 113 beds with over 600 employees and serving as the main hospital for the region.

    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
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.77009
    Latitude
    39.79725

    Comparable in this City

    • Contact for pricing
      10,608 SF

      Mixed-Use Portfolio on US Highway

      Mixed-use portfolio on 11.06 acres along US Highway 40.
      7183 W Us Highway 40, Greenfield, IN 46140
      View Details
    • $229,000
      1,560 SF

      Greenfield Retail Space - $229K

      Prime Greenfield location, versatile retail space.
      1028 South St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      3,500 SF

      Retail Property in Greenfield, Indiana

      Retail property for sale with 3,500 square feet of space.
      1665-1667 North State St, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Commercial Land on US Highway

      Commercial land suitable for truck storage and various business uses.
      4217 E Us Highway 40, Greenfield, IN 46140
      View Details
    • $490,000
      5.18 Acres

      Greenfield Retail Land Opportunity

      High-traffic 5.18-acre commercial lot.
      2201 Main St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      2,164 SF

      High-Traffic Retail Property For Sale

      Retail property with drive-thru, located near I-70 and State St.
      2732 N State St, Greenfield, IN 46140
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,608 SF

      Mixed-Use Portfolio on US Highway

      Mixed-use portfolio on 11.06 acres along US Highway 40.
      7183 W Us Highway 40, Greenfield, IN 46140
      View Details
    • $229,000
      1,560 SF

      Greenfield Retail Space - $229K

      Prime Greenfield location, versatile retail space.
      1028 South St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      3,500 SF

      Retail Property in Greenfield, Indiana

      Retail property for sale with 3,500 square feet of space.
      1665-1667 North State St, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Commercial Land on US Highway

      Commercial land suitable for truck storage and various business uses.
      4217 E Us Highway 40, Greenfield, IN 46140
      View Details
    • $490,000
      5.18 Acres

      Greenfield Retail Land Opportunity

      High-traffic 5.18-acre commercial lot.
      2201 Main St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      2,164 SF

      High-Traffic Retail Property For Sale

      Retail property with drive-thru, located near I-70 and State St.
      2732 N State St, Greenfield, IN 46140
      View Details

    Similar Nearby for Lease

    • $1,150 /Mo
      2,500 SF

      Greenfield Mixed-Use Commercial Space

      Versatile commercial space in a high-traffic Greenfield location.
      421 N State St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Main Street

      Retail space available for lease in Greenfield, Indiana.
      2 W Main St, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Divisible Retail Space Near I-70

      9,600 SF divisible retail space near Gateway Campus development.
      2250 N Hugar L Phelps Dr, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Retail Space in Growing County

      Retail space available in rapidly growing Hancock County, Indiana.
      1022 N State St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      20,768 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 18,535 square feet.
      1222 North State St, Greenfield, IN 46140
      View Details
    • Contact for pricing
      75,112 SF

      Industrial Space Near I-70 Corridor

      75,112 SF industrial space for lease near I-70.
      3052 North Distribution Way, Greenfield, IN 46140
      View Details
    View Listing
    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.
    1022 N State St
    Greenfield, IN 46140
    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!