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    2949 800 W Greenfield, IN 46140
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    2949 800 W Greenfield, IN 46140

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    • Industrial land
    For Sale
    $499,000
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    Corner Lots in Greenfield Hub For Sale
    $499,000
    4.12 Acres

    Corner Lots in Greenfield Hub

    4.122 acres in Greenfield's Industrial Business Park.

    2949 800 W, Greenfield, IN 46140
    View Listing
    Property ID
    US31-1220985
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 2949 800 W

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    🌟 Prime Corner Lots — 4.122 Acres Zoned IBP in Greenfield’s Thriving Industrial Hub! Take advantage of this exceptional opportunity featuring two corner lots totaling 4.122 acres , ideally situated within the Greenfield Industrial Business Park (IBP) zoning district . With dual road frontage and utility access already on-site , this property offers outstanding flexibility and visibility for a wide range of commercial or light industrial uses . ✅ Corner lot exposure – High visibility and multiple access points ✅ All utilities available – Ready for development ✅ Located in the heart of Greenfield’s expanding industrial corridor ✅ Minutes to I-70 and Indianapolis Property sold "as-is". Unlock the potential of this strategic location with endless development possibilities!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.951996
    Latitude
    39.825954

    Comparable in this City

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      Industrial Land in Mt Comfort

      Available industrial land totaling approximately 38.79 acres in Greenfield, Indiana.
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      Industrial Land Near I-70

      80 acres of industrial land with utilities near I-70.
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      Industrial Land in Mt Comfort

      Available industrial land totaling approximately 38.79 acres in Greenfield, Indiana.
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      Industrial Land Near I-70

      16.6 acres of IBP zoned land ready for development.
      3083 N 800 W, Greenfield, IN 46140
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      Industrial Land in Mt. Comfort

      13.39 acres of industrial land in Mt. Comfort corridor.
      W 300 N, Greenfield, IN 46140
      View Details
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      Industrial Land Parcel Available

      Up to 54.75 acres of industrial land for sale.
      200 W North St, Greenfield, IN 46140
      View Details
    • New
      $825,000
      1.91 Acres

      Renovated Pole Barn on Acreage

      Recently renovated pole barn on 1.91 acres in Greenfield, Indiana.
      2440 N Buck Creek Rd, Greenfield, IN 46140
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      Industrial Land Near I-70

      80 acres of industrial land with utilities near I-70.
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      377,781 SF

      Industrial Warehouse Space in Greenfield

      Modern industrial park location with ample parking and dock doors.
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      802,907 SF

      802,907 SF Industrial Space

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      236,759 SF

      Industrial Space Near I-70 Access

      Industrial space available for build-to-suit with I-70 access.
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      506,000 SF

      Greenfield Warehouse Space Available

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      Industrial Warehouse Space Available

      28,000 square foot warehouse space for lease.
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      753,000 SF

      Greenfield Warehouse Space Available

      753,000 SF warehouse/distribution space in Greenfield, Indiana.
      W 300 N, Greenfield, IN 46140
      View Details
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    Greenfield, IN 46140
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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.

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