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    230 Perry Rd Plainfield, IN 46168-2735
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    Property profile & analytics

    230 Perry Rd Plainfield, IN 46168-2735

    View on Map
    • Retail space
    • 12,684 SF
    • 1.36 lot acres
    Off-Market
    Property ID
    US31-2851512
    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
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First Choice Pest Solutions / Hardware & Home Improvement
    • Staples / (Bike/Boat/Book/etc) Store
    • Modern Edge Quilting LLC / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Crossing All Ts Training LLC / Training Center
    • M Formation Consulting LLC / Consultant

    Property Details for 230 Perry Rd

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.36 lot acres
    Property size
    12,684 SF
    Property type
    Retail space
    APN
    32-09-30-113-001.000-012
    APU
    320930113001000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $975,000
      Market price range: $313k - $976k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $645,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,025,000
      Change: +59% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,000,000
      Change: +54% Conversion: Easy
      AUTO REPAIR, GARAGE
      $895,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $740,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3568
    Latitude
    39.7153
    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
    $34,376
    $612,000
    $1,084,000
    $1,696,000
    -
    $612,000
    $1,084,000
    $1,696,000

    Comparable in this City

    • Value Estimation
      $1,105,000
      38,409 SF

      5789 Us Hwy 40

      RETAIL STORES (PERSONAL SERVICES) • 38,409 SF
      5789 Us Hwy 40, Plainfield, IN 46168-8052
      View Details
    • Value Estimation by Request
      3,585 SF

      2245 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,585 SF
      2245 Main St, Plainfield, IN 46168-2786
      View Details
    • Value Estimation by Request
      4,064 SF

      2368 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,064 SF
      2368 Main St, Plainfield, IN 46168-2733
      View Details
    • Value Estimation by Request
      10,588 SF

      3891 Clarks Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,588 SF
      3891 Clarks Crk Rd, Plainfield, IN 46168-3259
      View Details
    • Value Estimation by Request
      5,472 SF

      201 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 5,472 SF
      201 Ctr St, Plainfield, IN 46168-1118
      View Details
    • Value Estimation by Request
      6,674 SF

      3828 Clarks Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,674 SF
      3828 Clarks Crk Rd, Plainfield, IN 46168-1926
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,560 SF

      Auto Service Shop on Corner

      Well-maintained auto service shop on a corner lot in Plainfield.
      1155 E Main St, Plainfield, IN 46168
      View Details
    • $1,550,000
      7,200 SF

      Plainfield Strip Center For Sale

      Prime strip center in Plainfield, Indiana, fully leased.
      2028 Stafford Rd, Plainfield, IN 46168
      View Details
    • $1,690,000
      7,564 SF

      Retail Strip Center in Plainfield

      Prime retail strip center with six units, all currently leased.
      2028 Stafford Rd, Plainfield, IN 46168
      View Details
    • $1,850,500
      4,029 SF

      5020 Cambridge Way, Plainfield, IN 46168

      Retail properties & Spaces • 4,029 SF
      5020 Cambridge Way, Plainfield, IN 46168
      View Details
    • $1,690,000
      7,564 SF

      Plainfield Strip Center For Sale

      Prime strip center in Plainfield, fully leased with upside.
      2028 Stafford Rd, Plainfield, IN 46168
      View Details
    • $1,995,000
      2.72 Acres

      Prime Land Parcel in Plainfield

      2.72 acre commercial land parcel in Plainfield, Indiana.
      1771 Quaker Blvd, Plainfield, IN 46168
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Plainfield, Indiana

      1,200 SF retail space available in Plainfield, Indiana.
      120-154 Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      96,000 SF

      Prime Plainfield Retail Space

      96,000 SF Retail Center, Spaces Available
      2437 Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing

      High-Traffic Retail Location in Plainfield

      Prime retail space in Plainfield's active retail corridor.
      2658 E Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Retail Space in Plainfield, Indiana

      Retail space available in Plainfield, Indiana near major retailers.
      2575 E Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing
      3,148 SF

      Plainfield Retail Space Available

      Retail space available for lease in Plainfield, Indiana.
      160 Plainfield Village Dr, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Retail Space in Plainfield, Indiana

      Retail space for lease near Hobbs Station development.
      772 Dan Jones Rd, Plainfield, IN 46168
      View Details
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    Plainfield, IN 46168-2735
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    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
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