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Property profile & analytics
FOR SALE
Commercial land

4976 W Smith Valley Rd Greenwood, IN 46142

0.46 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US31-1018752
Property summary
AI-generated overview

This exceptional 1.7-acre commercial and industrial development lot, located at 4976 W Smith Valley Rd, Greenwood, IN 46142 (Johnson County), presents a remarkable investment opportunity. Currently zoned B-1, this highly visible property boasts excellent traffic flow, situated on a main artery experiencing increasing traffic counts. The property's strategic location within Center Grove benefits from the proximity to the nearing completion of the 69 project, further enhancing its accessibility and visibility. An existing structure is present on the site and would require demolition prior to any new construction. The asking price for this prime development land is $1,300,000. This location offers significant potential for a variety of commercial and industrial uses, making it an ideal choice for developers seeking a high-impact location with strong growth prospects. The property's latitude and longitude coordinates are 39.6056478 and -86.195636 respectively. This is a rare chance to acquire a substantial parcel in a thriving area with excellent visibility and convenient access. Don't miss this opportunity to capitalize on the burgeoning growth in Greenwood, Indiana.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.46 ac (20,038 SF)
Zoning code B-1
APN 41-03-34-033-093.000-038
UPID US31-1018752
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
Current use
Occupant on record · Public records
  • KC's Cause Association / Organization
  • KLC Laser Engraver
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Caplinger 2 LLC · 6 yrs held
Caplinger 2 LLC
since 2020
2 recorded transactions
2023
Price N/A
2020
Price N/A
Zoning & alternative use
B-1 · Greenwood, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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