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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Office Spaces
15252 Stony Crk Way Noblesville, IN 46060-4389
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0814154
Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 15252 Stony Creek Way in Noblesville, Indiana, presents a fantastic opportunity for businesses seeking flexible space in the Northeast submarket of Hamilton County. The property boasts a total of 15,000 square feet, divided into two suites, with 3,926 square feet currently available for lease. The warehouse features a desirable 16-foot ceiling height, providing ample vertical space for storage and operations. The property is zoned I-1, making it suitable for a variety of industrial uses. Its convenient location in Noblesville, Indiana, zip code 46060, offers easy access to major transportation routes, enhancing logistical efficiency. The multiple tenancy structure allows for potential flexibility in lease terms and configurations. This is an ideal space for businesses needing immediate occupancy in a well-located, functional industrial building. The property's size and features make it suitable for a range of industrial operations, from light manufacturing to warehousing and distribution. Serious inquiries are encouraged to explore this prime industrial space.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
15,200 SF
Lot
0.92 ac (40,075 SF)
APN
29-11-18-001-013.000-013
UPID
US31-0814154
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
-
Sophtech Inc Distribution Center Logistics Company
-
FedEx Drop Box Postal Service Courier Service
-
Rehab Medical of Indianapolis (North) Medical Supply Store
-
Reciprocal Technologies Tech Support Center IT Consulting Firm
-
Peanut Free Planet Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$1.77M
Owner & transaction history
Stoney Creek Fcre LLC · 6 yrs held
Stoney Creek Fcre LLC
since 2020
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Noblesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Noblesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,035,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,290,000
Current use
WAREHOUSE, STORAGE
$2,190,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $1.20M (Mar 10 2020)
Last sale anchor
$1.20M
Mar 10 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,577
Tax year 2023
Assessed value
$1,131,600
Assessed 2023
Previous assessed
$1,131,600
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$175,500
Assessed improvement
$956,100
Land market value
$175,500
Improvement market value
$956,100
Total market value
$1,131,600
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
15,200 SF
Lot
0.92 ac (40,075 SF)
APN
29-11-18-001-013.000-013
UPID
US31-0814154
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Stoney Creek Fcre LLC
Entity
Mailing address
6365 CASTLEPLACE DR, INDIANAPOLIS, IN 46250-1901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Stoney Creek Fcre LLC
Arks Enterprises LLC
Limited Warranty Deed
$1,125,619 · The Farmers Bank Frankfort In
May 1, 2009
—
Arks Enterprises LLC
Crossroads Warehouse INC
Corporation Deed
$711,000 · M & I Marshall & Ilsley Bank
—
—
Arks Ents LLC
—
Loan Modification
related
$674,823 · Indiana Members Cu
—
—
Arks Ents LLC
—
Deed Of Trust
related
$675,000 · Indiana Members Cu
—
—
Arks Ents LLC
—
Loan Modification
related
$700,000 · Indiana Members Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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