Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16565 River Rd Noblesville, IN 46062
    Back to Search
    Property profile & analytics

    16565 River Rd, Noblesville, IN 46062

    View on Map
    • Warehouses
    • 41,852 SF
    • 10.04 lot acres
    For Sale
    $2,405,000
    View Listing →
    Industrial Building in Noblesville For Sale
    $2,405,000
    41,852 SF

    Industrial Building in Noblesville

    41,852 SF building on 10.04 acres for lease.

    16565 River Road, Noblesville, IN
    View Listing
    Property ID
    US31-0018940
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • General Drilling Inc / Construction Company / General Contractor
    • J & D Turf / Landscaping / General Contractor
    • Northside Services LLC / Agricultural Supply / Garden Center
    • J&D Turf Warehouse / Construction Company

    Property Details for 16565 River Rd

    Year built
    2005
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.04 lot acres
    Property type
    Warehouses
    APN
    29-10-11-000-005.002-012
    APU
    291011000005002012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 27, 2026 $10,640,000 Ces Management LLC Ats River Road Investment LLC Special Warranty Deed $8M · 1st Source Bank
    Jan 16, 2020 — Ats River Road Investment LLC — Deed · related $1.9M · Stockyard Bk&tr
    Dec 29, 2011 — Ats River Road Investment LLC Fishers Services Company LLC Warranty Deed $1.3M · The National Bank
    — — Ats River Road Investment LLC — Deed Of Trust · related $1.9M · Stockyard Bk&tr

    Description

    This exceptional ±23,348 square foot industrial warehouse space, located at 16565 River Road, presents a rare sublease opportunity in Hamilton County. The property boasts a flexible layout, divisible to approximately ±5,200 square feet, allowing for customization to suit various business needs. The warehouse features a generous 35-foot clear height, providing ample vertical space for storage or operations. Loading and unloading are facilitated by three drive-in doors (each measuring 18' x 20') and two dock-high doors, ensuring efficient material handling. Power is robust, with a 2000 amp, 3-phase electrical service. The property is zoned I-2 (Heavy Industrial), a highly desirable designation in this area. Its strategic location offers easy access to I-69, providing excellent connectivity to Indianapolis's interstate system, making it an ideal location for distribution and manufacturing businesses. This is a unique chance to secure a well-equipped, strategically located industrial space with flexible terms. Don't miss this opportunity to establish your business in a prime Hamilton County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,215,000
      6.5%
      $2,970,000
      7%
      $2,755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,463,000
      Market price range: $1.46M - $6.79M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0372
    Latitude
    40.0277
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,723
    $172,800
    $1,500,500
    $1,673,300
    -
    $172,800
    $1,500,500
    $1,673,300

    Comparable in this City

    • Value Estimation
      $565,000
      2,700 SF

      20250 Hague Rd

      MINI-WAREHOUSE, STORAGE
      20250 Hague Rd, Noblesville, IN 46062-9540
      View Details
    • Value Estimation by Request
      4,800 SF

      20230 Hague Rd

      MINI-WAREHOUSE, STORAGE
      20230 Hague Rd, Noblesville, IN 46062-9540
      View Details
    • Value Estimation
      $1,050,000
      10,375 SF

      17450 Bataan Ct

      STORAGE YARD, OPEN STORAGE
      17450 Bataan Ct, Noblesville, IN 46062-9208
      View Details
    • Value Estimation
      $705,000
      11,524 SF

      20799 Riverwood Ave

      STORAGE YARD, OPEN STORAGE
      20799 Riverwood Ave, Noblesville, IN 46062-8812
      View Details
    • Value Estimation
      $865,000
      14,452 SF

      1500 Westfield Rd

      STORAGE YARD, OPEN STORAGE
      1500 Westfield Rd, Noblesville, IN 46062-6860
      View Details
    • Value Estimation
      $1,995,000
      34,521 SF

      440 Park 32nd W Dr

      WAREHOUSE, STORAGE
      440 Park 32nd W Dr, Noblesville, IN 46062-9213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,852 SF

      Industrial Building in Noblesville

      41,852 SF building on 10.04 acres for lease.
      16565 River Rd, Noblesville, IN 46062
      View Details
    • Contact for pricing

      Westfield Warehouse Opportunity

      Warehouse property for sale in Westfield, Indiana.
      20221 Grassy Branch Rd, Westfield, IN 46062
      View Details
    • $603,000

      Land For Sale, Lebanon, IN

      Land available for purchase in Boone County, Lebanon, Indiana.
      0000 S 100 E, Lebanon, IN 46062
      View Details
    • Contact for pricing

      Land with SR 32 Access

      Land with direct access to SR 32 in Westfield.
      4017 In-32, Westfield, IN 46062
      View Details
    • Contact for pricing

      Prime Land in Growth Corridor

      20 acres of highly visible land in Noblesville, Indiana.
      15055 Gray Rd, Noblesville, IN 46062
      View Details
    • Contact for pricing

      Corporate Leased School in Noblesville

      20-year corporate lease in high-growth Indianapolis suburb.
      250 S Harbour Dr, Noblesville, IN 46062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,000 SF

      Westfield Warehouse Space Available

      17,000 SF warehouse space for lease in Westfield, Indiana.
      20418 Commerce Park Dr, Westfield, IN 46062
      View Details
    • Contact for pricing

      Retail Space at Noble West

      Retail spaces and outlots available in Noblesville, Indiana.
      146th St & Hazel Dell Rd, Noblesville, IN 46062
      View Details
    • Contact for pricing
      1,282 SF

      Noblesville Retail Space Available

      Retail space available for rent in Noblesville, Indiana.
      2712 In-32, Noblesville, IN 46062
      View Details
    • Contact for pricing

      Commercial Outlots at Noble West

      Outlots available in Class A development anchored by Kroger.
      14635 Hazel Dell Xing, Noblesville, IN 46062
      View Details
    • Contact for pricing
      1,720 SF

      Retail Space in Noblesville, IN

      Retail space available in high-traffic Noblesville location.
      14765 Hazel Dell Xing, Noblesville, IN 46062
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Noblesville

      6388 SF retail space available for lease.
      6165 Promenade Shops Blvd, Noblesville, IN 46062
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16565 River Rd
    Noblesville, IN 46062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16565 River Rd, Noblesville, IN, 46062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!