216 Gable Xing Dr Avon, IN 46123-6689
Property profile & analytics
216 Gable Xing Dr Avon, IN 46123-6689
- Retail space
- 89,888 SF
- 7.83 lot acres
Property ID
US31-3080953
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.
Location Intelligence
Current Use by Public Records
- At Home / Home Decor Store / Department Store
Property Details for 216 Gable Xing Dr
- Year built
- 2014
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 7.83 lot acres
- Property size
- 89,888 SF
- Property type
- Retail space
- APN
- 32-09-06-484-001.000-031
- APU
- 320906484001000031
Description
This exceptional investment opportunity presents a fee-simple interest in a 90,164-square-foot, single-tenant At Home retail property situated at 216 Gable Crossing Drive, Avon, Indiana, 46123. The property, built in 2019 as a build-to-suit, boasts a 15-year absolute NNN lease with At Home Stores LLC, offering a corporate guarantee and significant remaining lease term of approximately 9.9 years. The lease includes annual 2% rent bumps and four, five-year renewal options, ensuring a stable and growing income stream. The property generates a strong net operating income (NOI) of $901,635, resulting in an attractive 8.25% cap rate. Located on a 7.83-acre lot, this one-story building enjoys a prime location in a thriving retail corridor with high traffic volume (45,000 vehicles per day) and is shadow-anchored by a Walmart Supercenter. The surrounding area demonstrates exceptional demographics, with over 146,000 residents within a five-mile radius and an average household income exceeding $102,000. This asset offers investors a passive, long-term investment opportunity in a strong retail market within the Indianapolis MSA, a location recently ranked #1 in the U.S. for starting a business by Forbes magazine. The property's location is strategically positioned just eight miles from downtown Indianapolis. This At Home location is ranked among the top three in Indiana based on visitor data. The asking price is $10,930,900.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,550,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Avon
- County
- Hendricks
- State
- Indiana
- Longitude
- -86.3506
- Latitude
- 39.7658
- 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
$238,628
$2,662,200
$5,896,300
$8,558,500
-
$2,662,200
$5,896,300
$8,558,500
