Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10555 Group 1001st Way Zionsville, IN 46077-9845

    • Office Properties & Spaces
    • 149,334 SF
    • 15.89 lot acres
    OFF-MARKET
    Value Estimations
    $11,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2895463
    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

    • Office Properties & Spaces

    Property Details for 10555 Group 1001st Way

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.89 lot acres
    Property size
    149,334 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    06-04-01-000-050.002-006
    APU
    60401000050002006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,948,000
      Market price range: $6.63M - $16.5M
      AI Estimate
      $11,918,000
      Market price range: $4.89M - $18.0M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $11,150,000
      Current use
      RETAIL STORES
      $16,560,000
      Change: +49% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Zionsville
    County
    Boone
    State
    Indiana
    Longitude
    -86.2528
    Latitude
    39.9417
    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
    $182,837
    $779,200
    $16,535,500
    $17,314,700
    -
    $779,200
    $16,535,500
    $17,314,700

    Comparable in this City

    • Value Estimation
      $12,465,000
      167,184 SF

      5565 700th E

      OFFICE (GENERAL) • 167,184 SF
      5565 700th E, Zionsville, IN 46077
      View Details
    • Value Estimation
      $3,100,000
      22,364 SF

      5100 Charles Ct

      OFFICE (GENERAL) • 22,364 SF
      5100 Charles Ct, Zionsville, IN 46077-5526
      View Details
    • Value Estimation by Request
      2,052 SF

      50 Main St

      OFFICE (GENERAL) • 2,052 SF
      50 Main St, Zionsville, IN 46077-1518
      View Details
    • Value Estimation by Request
      8,162 SF

      1620 Oak St

      OFFICE (GENERAL) • 8,162 SF
      1620 Oak St, Zionsville, IN 46077-1969
      View Details
    • Value Estimation
      $530,000
      9,324 SF

      4700 Plz W Dr

      OFFICE (GENERAL) • 9,324 SF
      4700 Plz W Dr, Zionsville, IN 46077-9181
      View Details
    • Value Estimation
      $715,000
      6,976 SF

      4671 Northwestern Dr

      OFFICE (GENERAL) • 6,976 SF
      4671 Northwestern Dr, Zionsville, IN 46077-9248
      View Details

    Similar Nearby for Sale

    • $4,600,000

      Modern Office Building in Zionsville

      Modern office building for sale in Zionsville, Indiana.
      625 South Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Class A Office Building Zionsville

      Multi-tenant office building in Zionsville, near downtown retailers and restaurants.
      106th St & Main St, 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
    • Contact for pricing

      Zionsville Development Opportunity

      Fully-zoned development land in Zionsville, Indiana.
      10801 East 300 South, Zionsville, IN 46077
      View Details
    • $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
    • 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
      4,843 SF

      Medical Office Space Available

      4,843 SF 2nd gen dental space for lease.
      10801 N Michigan Rd, Zionsville, IN 46077
      View Details
    • Contact for pricing
      4,050 SF

      Zionsville Retail and Office Space

      Retail, office, and medical space available in Zionsville, Indiana.
      3295 S Us Highway 421, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Zionsville, Indiana.
      106th St & Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Zionsville Retail, Office, Medical Space

      Retail, office, and medical space available in Zionsville, Indiana.
      146th St. And Michigan St, Zionsville, IN 46077
      View Details
    • $21 SF/Yr

      Modern Office Space in Zionsville

      Modern office space for lease near Zionsville's historic downtown.
      625 South Main St, Zionsville, IN 46077
      View Details
    • Contact for pricing
      15,959 SF

      Zionsville Executive Office Space

      Modern Zionsville office suites available.
      625 Main St, 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.
    10555 Group 1001st Way
    Zionsville, IN 46077-9845
    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.