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    5703 Smith Valley Rd Greenwood, IN 46142
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    Property profile & analytics

    5703 Smith Valley Rd, Greenwood, IN 46142

    View on Map
    • Commercial real estate
    • 11.59 lot acres
    Off-Market
    Property ID
    US31-0617391
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5703 Smith Valley Rd

    Lot size
    11.59 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.59-acre commercial land parcel in Greenwood, Indiana, presents a significant investment opportunity. Located on W Smith Valley Rd with direct access to I-69, this property boasts unparalleled visibility and accessibility. The flat, versatile land is currently zoned B2, offering flexibility for a wide range of commercial and multi-use developments. High traffic counts ensure excellent exposure to both local and highway traffic, making it ideal for retail centers, office complexes, or mixed-use projects. Its prime location within a rapidly expanding region with a growing population and strong economic development promises substantial returns. Detailed zoning regulations are available upon request. The asking price is $5,795,000, translating to $500,000 per acre. This property's strategic location, expansive size, and flexible zoning make it an exceptional investment in a high-growth area with increasing demand for commercial space. Proximity to major transportation routes ensures excellent connectivity and convenience. The property's potential for various development possibilities, coupled with the strong demographics of the area, makes this a compelling opportunity for investors seeking substantial returns. The zip code is 46142, and the property is situated in Johnson County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.213806989142
    Latitude
    39.604931614331

    Comparable in this City

    • $995,000
      2.00 Acres

      Greenwood Commercial Land - 2 Acres

      High-visibility Greenwood land, ideal for retail or office.
      3124 Smith Valley Rd, Greenwood, IN 46142
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    • $400,000
      0.89 Acres

      Commercial Land on County Line

      Commercial land for development on busy County Line Road.
      1655 W County Line Rd, Greenwood, IN 46142
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    • $645,000
      8.54 Acres

      Greenwood Residential Lots For Sale

      8.54 acres of land ready for a custom home.
      S Morgantown Rd, Greenwood, IN 46142
      View Details
    • Contact for pricing

      Land with I-69 Frontage

      Commercial land with high visibility and utilities on-site.
      416 N Bluff Rd, Greenwood, IN 46142
      View Details
    • Contact for pricing

      8.5 Acres Development Site

      Development site near future I-69 interchange, multiple uses possible.
      729 W County Line Rd, Greenwood, IN 46142
      View Details
    • $250,000
      0.52 Acres

      Residential Lots in Greenwood, IN

      Approved fourplex lot in Pleasant Creek Estates, Center Grove Schools.
      1117 Easy St, Greenwood, IN 46142
      View Details

    Similar Nearby for Sale

    • $995,000
      2.00 Acres

      Greenwood Commercial Land - 2 Acres

      High-visibility Greenwood land, ideal for retail or office.
      3124 Smith Valley Rd, Greenwood, IN 46142
      View Details
    • $400,000
      0.89 Acres

      Commercial Land on County Line

      Commercial land for development on busy County Line Road.
      1655 W County Line Rd, Greenwood, IN 46142
      View Details
    • $645,000
      8.54 Acres

      Greenwood Residential Lots For Sale

      8.54 acres of land ready for a custom home.
      S Morgantown Rd, Greenwood, IN 46142
      View Details
    • Contact for pricing

      Land with I-69 Frontage

      Commercial land with high visibility and utilities on-site.
      416 N Bluff Rd, Greenwood, IN 46142
      View Details
    • Contact for pricing

      8.5 Acres Development Site

      Development site near future I-69 interchange, multiple uses possible.
      729 W County Line Rd, Greenwood, IN 46142
      View Details
    • $350,000
      0.85 Acres

      Greenwood Commercial Land For Sale

      Commercial land on busy road, ideal for development.
      1641 W County Line Rd, Greenwood, IN 46142
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available in Greenwood, Indiana

      Land for lease in Greenwood with high traffic and income.
      626 S Morgantown Rd, Greenwood, IN 46142
      View Details
    • Contact for pricing

      Move-in Ready Office Suite

      Plug-and-play office space in premier Greenwood location.
      373 Meridian Parke Ln, Greenwood, IN 46142
      View Details
    • $4,500 /Mo

      Commercial Space on Smith Valley

      Commercial space for rent on Smith Valley Road.
      1506 W Smith Valley Rd, Greenwood, IN 46142
      View Details
    • $4,947 /Mo
      6,330 SF

      Move-in Ready Greenwood Office Suite

      Plug-and-play office space in premier Greenwood location.
      373 Meridian Parke Ln, Greenwood, IN 46142
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent at 1230 U.S. Hwy 31 N.
      1230 U.S Us Highway 31 N, Greenwood, IN 46142
      View Details
    • Contact for pricing

      Move-in-Ready Office Suite

      End-cap office suite in Greenwood, ready for immediate occupancy.
      373 Meridian Parke Ln, Greenwood, IN 46142
      View Details
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    Greenwood, IN 46142
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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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