14450 Mundy Dr, Noblesville, IN 46060-7222
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.
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Urban Air Trampoline and Adventure Park Arcade & Gaming Center Family Recreation Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.