Property profile

1675 Smith Vly Rd Greenwood, IN 46142

OFF-MARKET
Strip malls
Property ID
US31-1123503
60,909 SF 6.56 ac lot Built 1990
Entity Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail outparcel, located at 1675 W Smith Valley Rd in Greenwood, Indiana, presents a prime opportunity for businesses seeking high visibility and accessibility. Situated on a 0.94-acre lot at the Centre at Smith Valley, this single-story building offers a total of 60,103 square feet, with 4,000 square feet currently available for lease. The property boasts convenient access from State Road 135, ensuring high traffic flow and excellent exposure to potential customers. The building's design is ideal for multiple tenants, providing flexibility for various business needs. Located in Johnson County, Indiana, with a 46142 zip code, this property benefits from a strong local economy and a thriving retail environment. The available space is adaptable to a range of retail concepts, offering a blank canvas for businesses to create their ideal space. The property's location within the Centre at Smith Valley provides added benefits of shared parking and established customer traffic. This is an exceptional opportunity to establish or expand a retail presence in a high-demand area. The available space ranges from 1,750 to 3,500 square feet, offering options to suit various business sizes and requirements. Don't miss this chance to secure a prominent location in a thriving retail center.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction WOOD
Total area 60,909 SF
Lot 6.56 ac (285,536 SF)
APN 41-04-01-022-036.000-041
UPID US31-1123503

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
  • Hair Salon Nail Salon
  • Swimming School Baby Swimming School
  • Bakery Take-out & Catering
  • Spa & Massage Center Skin Care Clinic
  • Restaurant

Location

1675 Smith Vly Rd Greenwood, IN 46142-1588
Greenwood metro Census 610605 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$885k

Owner & transaction history

since 2012
1 recorded transaction
2012
$7.8M

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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