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Property profile & analytics
FOR SALE
Outlet malls

1101 Windhorst Way Greenwood, IN 46143

138,746 SF 13.8 ac lot Built 1990
Entity Owned Free & Clear
Property ID
US31-0835004
Property summary
AI-generated overview

This exceptional 1.4-acre commercial pad site presents a prime development opportunity in Greenwood, Indiana. Strategically located at the Emerson Avenue entrance to a high-volume Sam's Club, this property boasts unparalleled visibility and accessibility. The site sits at a well-traveled, signalized intersection, ensuring maximum exposure to traffic on both Emerson Avenue and Main Street. Its location offers significant advantages, situated near a substantial concentration of daytime employees, including the recently constructed ULTA distribution center employing approximately 550 workers. The surrounding area is also home to a variety of established restaurants and convenience stores, such as McDonald's, Starbucks, Taco Bell, Denny's, White Castle, and Subway, creating a robust and desirable commercial environment. The property's potential is further enhanced by the possibility of combining it with an adjacent outparcel, resulting in a nearly three-acre development site. This location in Johnson County, Indiana, with a 46143 zip code, offers a unique blend of high traffic, strong demographics, and established commercial activity, making it an ideal investment for a variety of commercial ventures. The property is precisely located at 1101 Windhorst Way (Pad 1), Greenwood, IN.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 138,746 SF
Lot 13.8 ac (601,128 SF)
APN 41-02-34-022-037.000-025
UPID US31-0835004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sam's Club Bakery Bakery Specialty Food Shop
  • Sam's Club Hearing Aid Center Hearing Aid Store
  • Sam's Club Cafe Cafe & Coffee Shop
  • Sam's Club Big Box & Wholesale Store Grocery & Convenience Store
  • Sam's Club Connection Center Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.09M
Blend (final) Blend
$8.65M
Owner & transaction history
SAMS REAL EST BUSINESS TRUST
SAMS REAL EST BUSINESS TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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