Property profile

512 Herriman Ct Noblesville, IN 46060

FOR LEASE
Warehouses
Property ID
US31-1164106
5,760 SF 1.3 ac lot Built 1993
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,000-square-foot warehouse space in Noblesville, Indiana, presents a unique opportunity for businesses seeking a functional and adaptable industrial property. Located at 512 Herriman Ct, 46060, this single-tenant warehouse offers a prime location within a thriving industrial area, providing convenient access to major transportation routes and logistical centers. The property's design prioritizes flexibility, allowing for customization to meet specific operational requirements. Whether your business needs a ready-to-occupy space or a build-to-suit solution, this warehouse offers the potential to optimize your workflow and enhance your operational efficiency. The "as-is" condition allows for immediate occupancy, while the build-to-suit option provides the opportunity to tailor the space to your exact specifications. This property is classified as industrial, with a warehouse subtype, and is situated in Noblesville, Indiana, offering a strategic location for businesses seeking seamless transportation and distribution capabilities. The property's precise coordinates are latitude 40.0106332 and longitude -86.0061992. This presents a compelling opportunity for businesses seeking a well-located, adaptable warehouse space in a dynamic industrial area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 5,760 SF
Lot 1.3 ac (56,628 SF)
APN 29-11-18-000-004.017-013
UPID US31-1164106

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
  • Grocery & Convenience Store Food Market
  • Take-out & Catering

Location

512 Herriman Ct Noblesville, IN 46060
Noblesville metro Census 110514 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k

Owner & transaction history

since 2024
Last sale
$750,000
3 recorded transactions
2024
Price N/A
2024
$750,000
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $870,000 +4.5%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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