Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2340 Enterprise Park Pl Indianapolis, IN 46218-4295

    • Warehouses
    • 26,375 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0547215
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 2340 Enterprise Park Pl

    Year built
    2005
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.44 lot acres
    Property size
    26,375 SF
    Zone code
    ZO01
    Property type
    Warehouses
    APN
    49-07-29-127-005.003-101
    APU
    490729127005003101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,677,000
      Market price range: $591k - $1.68M
      AI Estimate
      $1,061,000
      Market price range: $427k - $1.06M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,070,000
      Current use
      AUTO REPAIR, GARAGE
      $2,100,000
      Change: +97% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,975,000
      Change: +85% Conversion: Difficult
      RETAIL STORES
      $1,970,000
      Change: +84% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,645,000
      Change: +54% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1216
    Latitude
    39.7984
    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
    $47,038
    $397,300
    $1,298,500
    $1,695,800
    -
    $397,300
    $1,298,500
    $1,695,800

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      4915 23rd St

      WAREHOUSE, STORAGE • 0.09 Acres
      4915 23rd St, Indianapolis, IN 46218
      View Details
    • Value Estimation
      $615,000
      10,251 SF

      5284 23rd St

      WAREHOUSE, STORAGE • 10,251 SF
      5284 23rd St, Indianapolis, IN 46218-3955
      View Details
    • Value Estimation
      $1,570,000
      31,320 SF

      2900 Arlington Ave

      WAREHOUSE, STORAGE • 31,320 SF
      2900 Arlington Ave, Indianapolis, IN 46218
      View Details
    • Value Estimation
      $1,435,000
      26,250 SF

      2222 Enterprise Park Pl

      WAREHOUSE, STORAGE • 26,250 SF
      2222 Enterprise Park Pl, Indianapolis, IN 46218-3597
      View Details
    • Value Estimation by Request
      2,160 SF

      2515 Roosevelt Ave

      WAREHOUSE, STORAGE • 2,160 SF
      2515 Roosevelt Ave, Indianapolis, IN 46218-3642
      View Details
    • Value Estimation by Request
      6,780 SF

      2139 Sheldon St

      WAREHOUSE, STORAGE • 6,780 SF
      2139 Sheldon St, Indianapolis, IN 46218-3446
      View Details

    Similar Nearby for Sale

    • $3,000,000
      41,932 SF

      Indianapolis Industrial Warehouse

      41,932 SF Warehouse - Owner/User
      2051 Sherbrook Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      9,060 SF

      Indianapolis Warehouse with Outdoor Storage

      Warehouse with office space and expansive outdoor storage available for sale.
      2130 Winter Ave, Indianapolis, IN 46218
      View Details
    • $2,650,000
      41,932 SF

      Indianapolis Industrial Warehouse with Upgrades

      Spacious warehouse with recent upgrades, convenient highway access.
      2051 Sherbrook Ave, Indianapolis, IN 46218
      View Details
    • New
      $299,000
      3,600 SF

      Indianapolis Industrial Flex Building For Sale

      Industrial flex building with highway visibility, suitable for various businesses.
      5252 E 24Th St E, Indianapolis, IN 46218
      View Details
    • $1,783,000

      Renovated Industrial Building with Connectivity

      Well-maintained industrial building with interstate access and flexible zoning.
      2401 N Ritter Ave, Indianapolis, IN 46218
      View Details
    • $4,995,000

      Indianapolis Warehouse and Office Space

      Two-story office and warehouse on 4.5 acres for sale.
      5310 East 25Th St, Indianapolis, IN 46218
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      20,580 SF

      Brookside Industrial Center: Indy Flex Space

      10 Buildings, 33 Acres, Multiple Spaces Available
      1761 Sherman Dr, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      8,000 SF

      Indianapolis Industrial/Flex Space For Lease

      Versatile industrial/flex space with customizable layouts and secured outdoor storage.
      5620 Massachusetts Ave | Indianapolis, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      75,566 SF

      Renovated Indianapolis Warehouse Space

      75,566 SF renovated warehouse space available Q1 2025.
      2222 Hillside Ave, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      3,500 SF

      Industrial/Flex Space with Outdoor Storage

      Versatile industrial/flex space with customizable layouts and outdoor storage.
      5620-5640 Massachusetts Ave, Indianapolis, IN 46218
      View Details
    • $12,000 /Mo
      514,008 SF

      Indianapolis Industrial Land Lease

      11.8-acre industrial lot, I-2 zoning.
      2505 Sherman Dr, Indianapolis, IN 46218
      View Details
    • Contact for pricing
      3,660 SF

      Versatile Industrial/Flex Space Available

      Industrial/flex space with secured outdoor storage, convenient location, renovated in 2025.
      5702 Massachusetts Ave | Indianapolis, Indianapolis, IN 46218
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2340 Enterprise Park Pl
    Indianapolis, IN 46218-4295
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.