Property profile

3248 Distribution Way Greenfield, IN 46140

OFF-MARKET
Warehouses
Property ID
US31-2899589
439,040 SF 31.7 ac lot Built 2019
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, Velocity 70 Trade Center, offers a state-of-the-art, newly constructed bulk distribution facility totaling 439,153 square feet. Currently, 219,520 square feet is available for lease, including 1,878 square feet of office space. The warehouse boasts a substantial 36-foot clear height, providing ample vertical storage capacity. Loading and unloading are efficient with 32 loading docks equipped with lights, fans, levelers, and windows, complemented by 2 drive-in doors. The property features significant on-site parking for both automobiles and trailers, enhancing operational convenience. Security is prioritized with a fenced and gated northern truck court, further secured by a guard shack. Power is robust, supplied by (2) 480V, 800 amp services. The property sits on 27.98 acres of land and is zoned IG (Industrial General), benefiting from a current real estate tax abatement. Its strategic location provides immediate access to Interstate 70, ensuring seamless transportation and logistics. The area also offers a strong workforce pool, making it an ideal location for businesses seeking efficient operations and a skilled workforce. This is a rare opportunity to secure a modern, high-quality warehouse space in a prime location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2019
Construction TYPE NOT SPECIFIED
Total area 439,040 SF
Lot 31.7 ac (1,380,983 SF)
APN 30-06-18-401-003.000-006
UPID US31-2899589

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

3248 Distribution Way Greenfield, IN 46140-6619
Greenfield metro Census 410901 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.79M

Owner & transaction history

since 2018
2 recorded transactions
2021
Price N/A
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $17.4M +28.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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