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Property profile & analytics
FOR LEASE
Warehouses

2000 E 196Th St Westfield, IN 46074

105,760 SF 16.7 ac lot Built 1990
Entity Owned 6-yr Hold Free & Clear
Property ID
US31-1131049
Property summary
AI-generated overview

This Class A industrial property, located at 2000 E. 196th Street in Hamilton County, offers a rare opportunity for manufacturing businesses. The building totals 106,267 square feet and is currently multi-tenant, with one 40,000 square foot space immediately available. This space features a 200' x 200' footprint with 50' x 50' column spacing, providing excellent flexibility for various manufacturing processes. The high ceilings, measuring 20 feet, accommodate substantial equipment and operations. Loading is facilitated by six loading docks, plus one drive-in door, ensuring efficient material handling. The space is climate-controlled, offering both heating and cooling for optimal working conditions. The property boasts robust electrical service, including 480V, 3-phase, 1500 amp power. The building is situated for convenient access to US 31, enhancing logistics and transportation. The 2025 budget anticipates a net-net-net (NNN) lease rate of $2.16 per square foot. The minimum divisible space is 40,000 square feet, with a maximum contiguous space also at 40,000 square feet. This exceptional property presents a compelling opportunity for businesses seeking a modern, efficient, and strategically located manufacturing facility.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 105,760 SF
Lot 16.7 ac (727,452 SF)
APN 29-06-19-000-012.000-015
UPID US31-1131049
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
  • Pangeo - Porter Engineered Systems Inc Industrial Manufacturer Production Facility
  • Richards Building Supply Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.50M
Comparable Approach Comparable
$10.44M
Blend (final) Blend
$8.17M
Owner & transaction history
City Of Westfield Indiana · 6 yrs held
City Of Westfield Indiana
since 2020
Last sale
$6,605
2 recorded transactions
2020
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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