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    2950 Main St Plainfield, IN 46168-2723

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    Property profile & analytics

    2950 Main St Plainfield, IN 46168-2723

    View on Map
    • Auto shops
    • 61,154 SF
    • 141.57 lot acres
    Off-Market
    Property ID
    US31-1010315
    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
    $4,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ADESA Indianapolis / Car Dealership
    • FedEx Drop Box / Shipping Company / Freight Service
    • AFC (Automotive Finance Corp.) Indianapolis / Loan Service
    • Dealers Transport Ltd / Trucking Company

    Property Details for 2950 Main St

    Year built
    1995
    Construction
    TYPE NOT SPECIFIED
    Lot size
    141.57 lot acres
    Property size
    61,154 SF
    Property type
    Auto shops
    APN
    32-09-19-200-005.000-027
    APU
    320919200005000027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,305,000
      Current use
      RESTAURANT
      $5,955,000
      Change: +38% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,950,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,810,000
      Change: +12% Conversion: Moderate
      MEDICAL BUILDING
      $3,580,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3494
    Latitude
    39.7272
    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
    $321,046
    $4,918,800
    $6,150,600
    $11,069,400
    -
    $4,918,800
    $6,150,600
    $11,069,400

    Comparable in this City

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      4001 Clarks Crk Rd

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      4001 Clarks Crk Rd, Plainfield, IN 46168-1954
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    • Value Estimation
      $855,000
      10,055 SF

      8116 Upland Bnd

      AUTO REPAIR, GARAGE • 10,055 SF
      8116 Upland Bnd, Plainfield, IN 46168
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    • Value Estimation by Request
      11,520 SF

      2170 Main St

      AUTO REPAIR, GARAGE • 11,520 SF
      2170 Main St, Plainfield, IN 46168-1861
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    • Value Estimation by Request
      1,961 SF

      450 Main St

      AUTO REPAIR, GARAGE • 1,961 SF
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    • Value Estimation
      $830,000
      11,830 SF

      986 Ctr St

      AUTO REPAIR, GARAGE • 11,830 SF
      986 Ctr St, Plainfield, IN 46168-9307
      View Details
    • Value Estimation by Request
      7,880 SF

      2642 Main St

      AUTO REPAIR, GARAGE • 7,880 SF
      2642 Main St, Plainfield, IN 46168-2702
      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
    • Contact for pricing
      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
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    • Contact for pricing
      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
    • $1,895,000
      1,856 SF

      Prime Plainfield Business District Property

      Exceptional location, high-traffic area.
      326 Main St, Plainfield, IN 46168
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    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
      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

      Retail Space in Plainfield, Indiana

      Retail space for lease near Hobbs Station development.
      772 Dan Jones Rd, 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

      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
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    2950 Main St
    Plainfield, IN 46168-2723
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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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