16848 Southpark Dr Westfield, IN 46074-8131
- Office Properties & Spaces
- 10,500 SF
- 1.29 lot acres
Current Use by Public Records
- Carpenter Realtors Westfield / Real Estate Agency / Real Estate Agent
- Distinctive Dental Arts / Dental Laboratory
- Milton Brinza / Chiropractor
- The Escape Room USA Westfield / Escape Room Center
- Brinza Spine and Sport / Chiropractor
Property Details for 16848 Southpark Dr
- Year built
- 2002
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.29 lot acres
- Property size
- 10,500 SF
- Property type
- Office Properties & Spaces
- APN
- 29-09-01-000-021.702-015
- APU
- 290901000021702015
Description
This exceptional 890-square-foot executive office suite is situated within a 10,500-square-foot, single-story building in Westfield, Indiana's Southpark Industrial Park. Located at 16848 Southpark Drive, Unit 400, this Class B property, built in 2002, boasts a convenient location less than a quarter-mile west of Meridian Street and south of 169th Street. The suite features a private entrance and ample parking, ideal for employees and clients. Inside, you'll find a well-designed layout including a private office and open flex space, perfect for a variety of professional uses, including medical or office settings. The space offers a 10-foot ceiling height. The property sits on a 1.29-acre lot and is zoned for enclosed industrial use. Its strategic location provides easy access to major roadways, including Interstate 465 (7 miles away), and is within close proximity to Grand Park (3 miles), restaurants, retail establishments, banks, and gas stations. This is a rare opportunity to secure a well-appointed office space in a thriving commercial area. The Hamilton County location offers a strong business environment. The property features one building with no elevators. The APN is 290901000021702015.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $660,000
- 7%
- $630,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $720,000
- Retail
- $685,000
- Mixed-Use
- $760,000
- Hospitality
- $765,000
- Educational
- $600,000
- Residential Income
- $600,000
- Energy
- $670,000
- Income-Based Land
- $670,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1386
- Latitude
- 40.032
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA