Property profile

14450 Mundy Dr Noblesville, IN 46060

OFF-MARKET
Warehouses
Property ID
US31-0784180
66,469 SF 8.38 ac lot Built 2003
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail property, totaling 66,469 square feet, boasts a 7.10% cap rate and is fully leased to Crunch Fitness and Urban Air Adventure Park. Located in Noblesville, Indiana, at the intersection of Rt 37 & 146th, this prime location benefits from high visibility and accessibility, situated near major retailers such as Costco and numerous corporate campuses. The single-story building, constructed in 2003 and extensively renovated in 2024, sits on an 11.45-acre lot and offers 323 parking spaces. Both tenants are franchisees with long-term leases extending to December 31, 2033, providing a stable income stream. The property's strong financial performance is reflected in its $781,000 NOI and $11,000,000 asking price, translating to a price per square foot of $165.49. The property is zoned C-1 and offers a compelling investment opportunity for those seeking a high-performing, multi-tenant retail asset in a thriving Indiana market. This core investment features a multi-tenant occupancy of 100% and provides a secure, long-term investment prospect. The property's strategic location within the rapidly growing Noblesville area, near Carmel and Fishers, ensures continued high demand and strong rental income potential.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2003
Construction TYPE NOT SPECIFIED
Total area 66,469 SF
Lot 8.38 ac (365,033 SF)
APN 29-11-19-039-004.000-019
UPID US31-0784180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Arcade & Gaming Center Family Recreation Center

Location

14450 Mundy Dr Noblesville, IN 46060-7222
Noblesville metro Census 110820 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.72M
Comparable Approach Comparable
$3.01M
Blend (final) Blend
$4.34M

Owner & transaction history

since 2024
5 recorded transactions
2025
Price N/A
2024
Price N/A
2023
Price N/A
2017
Price N/A
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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