You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $650,000
Warehouses

16548 Summer Rd Noblesville, IN 46060-9775

3,600 SF 2.77 ac lot Built 1977
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0246860
Property summary
AI-generated overview

This exceptional Noblesville, Indiana investment opportunity presents a 15,950 square foot flex space property located at 16548 Summer Rd, zip code 46060, Hamilton County. Built in 1955 and extensively renovated in 2023, this versatile property boasts a unique blend of office spaces, flex industrial units, and self-storage solutions, creating multiple revenue streams. The property's A2-(s) - Ag Subdivision zoning allows for diverse uses. The modern office space is adaptable to various professional needs, from startups to established businesses. Its strategic location offers easy access to major roadways, including Highway 37, Highway 38, and I-69, placing it within minutes of the Indianapolis Metropolitan Airport. The property comprises two parcels with four structures, situated in Hamilton County yet conveniently close to Noblesville city utilities at 166th Street. This presents significant potential for future development, including mixed-use projects, townhomes, multifamily dwellings, or even a neighborhood brewery, subject to necessary city/county approvals. This property is an ideal investment for those seeking a high-return asset with adaptability and broad tenant appeal.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1977
Construction WOOD
Total area 3,600 SF
Lot 2.77 ac (120,661 SF)
APN 29-11-10-000-001.004-016
UPID US31-0246860
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
  • Alfa Cleaning Services Hardware & Home Improvement
  • Providence Construction Group, INC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$650k
Owner & transaction history
Cov Summerrd LLC · 4 yrs held
Cov Summerrd LLC
since 2022
Last sale
$560,000
1 recorded transaction
2022
$560,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.0M +100.4%
Commercial (general) $540,000 +4.5%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16548 Summer Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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