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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2499 Perry Xing Way Plainfield, IN 46168-5522

    • Super regional malls
    • 73,542 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2453267
    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

    • Super regional malls

    Property Details for 2499 Perry Xing Way

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    1.30 lot acres
    Property size
    73,542 SF
    Property type
    Super regional malls
    APN
    32-09-30-353-001.000-012
    APU
    320930353001000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,404,000
      Market price range: $1.13M - $2.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3593
    Latitude
    39.7108
    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
    $103,037
    $292,500
    $5,526,100
    $5,818,600
    -
    $292,500
    $5,526,100
    $5,818,600

    Comparable in this City

    • Value Estimation
      $700,000
      33,069 SF

      2539 Perry Xing Way

      REGIONAL SHOPPING CENTER, MALL • 33,069 SF
      2539 Perry Xing Way, Plainfield, IN 46168-5527
      View Details
    • Value Estimation
      $730,000
      41,710 SF

      160 Plainfield Vlg Dr

      SHOPPING CENTER, STRIP CENTER • 41,710 SF
      160 Plainfield Vlg Dr, Plainfield, IN 46168-2781
      View Details
    • Value Estimation
      $1,490,000
      16,560 SF

      3730 Shady Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 16,560 SF
      3730 Shady Ln, Plainfield, IN 46168
      View Details
    • Value Estimation
      $690,000
      26,510 SF

      2150 Stafford Rd, Unit 2230

      SHOPPING CENTER, STRIP CENTER • 26,510 SF
      2150 Stafford Rd, Plainfield, IN 46168-2169
      View Details
    • Value Estimation
      $735,000
      41,340 SF

      391 Plainfield Cmns Dr

      SHOPPING CENTER, STRIP CENTER • 41,340 SF
      391 Plainfield Cmns Dr, Plainfield, IN 46168-2761
      View Details
    • Value Estimation by Request
      13,191 SF

      2575 Main St Ste, Unit 130

      SHOPPING CENTER, STRIP CENTER • 13,191 SF
      2575 Main St Ste, Plainfield, IN 46168-3501
      View Details

    Similar Nearby for Sale

    • $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
    • $1,550,000
      7,200 SF

      Plainfield Shopping Center Investment

      6-Unit Retail Center, 100% Occupied
      2028 Stafford Rd, Plainfield, IN 46168
      View Details
    • $1,850,500
      4,029 SF

      5020 Cambridge Way, Plainfield, IN 46168

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

      Plainfield Retail Center - High ROI

      Six-unit leased retail strip center, prime location.
      2028 Stafford Rd, Plainfield, IN 46168
      View Details
    • 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
    • $1,590,000
      7,860 SF

      Plainfield Retail Opportunity For Sale

      Former Golden Corral with multiple access points and ample parking.
      2224 E Perry Rd, Plainfield, IN 46168
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,412 SF

      Retail Space Available for Lease

      41,412 SF retail space with high traffic and connectivity.
      2551-2575 E Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing
      956 SF

      Meijer In-Store Retail Space

      956 sq ft, prime Midwest location
      400 Dan Jones Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      43,560 SF

      Plainfield Retail Outlot Ground Lease

      Prime 1-Acre Retail Ground Lease Opportunity
      2560 Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing
      1,200 SF

      Main St Crossing Retail Space

      1200 SF Retail Space in Plainfield, IN
      146 Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      13,093 SF

      Plainfield Retail Center - Now Leasing

      13,000 SF Retail Space, Prime Location
      772 Dan Jones 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
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    2499 Perry Xing Way
    Plainfield, IN 46168-5522
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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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