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    Property profile & analytics
    OFF-MARKET Estimated value $10,790,000
    Warehouses

    3248 Distribution Way, Greenfield, IN 46140-6619

    439,040 SF 31.7 ac lot Built 2019
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US31-2899589
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Civf V In 1 Bo2 LLC · 7 yrs held
    Civf V In 1 Bo2 LLC
    since 2018
    2 recorded transactions
    2021
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $17.4M +28.3%
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