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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 Ws St Greenfield, IN 46140-2269

    • Warehouses
    • 5,000 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1159473
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 615 Ws St

    Year built
    2009
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    5,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    30-11-05-200-010.001-009
    APU
    301105200010001009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $273,000
      Market price range: $61.6k - $295k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $155,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $400,000
      Change: +159% Conversion: Difficult
      RESTAURANT
      $385,000
      Change: +148% Conversion: Difficult
      MEDICAL BUILDING
      $335,000
      Change: +118% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $330,000
      Change: +115% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $270,000
      Change: +74% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $200,000
      Change: +28% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.7781
    Latitude
    39.7831
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,942
    $133,000
    $256,000
    $389,000
    -
    $133,000
    $256,000
    $389,000

    Comparable in this City

    • Value Estimation
      $280,000
      2,400 SF

      706 Es St

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      706 Es St, Greenfield, IN 46140-2671
      View Details
    • Value Estimation
      $340,000
      4,950 SF

      1794 Flds Blvd

      MINI-WAREHOUSE, STORAGE • 4,950 SF
      1794 Flds Blvd, Greenfield, IN 46140-3039
      View Details
    • Value Estimation
      $600,000
      12,600 SF

      6263 Stoner Dr

      MINI-WAREHOUSE, STORAGE • 12,600 SF
      6263 Stoner Dr, Greenfield, IN 46140-7307
      View Details
    • Value Estimation
      $265,000
      4,000 SF

      1039 Main St

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      1039 Main St, Greenfield, IN 46140-2603
      View Details
    • Value Estimation
      $295,000
      8,072 SF

      2033 Us Hwy 40

      MINI-WAREHOUSE, STORAGE • 8,072 SF
      2033 Us Hwy 40, Greenfield, IN 46140-8552
      View Details
    • Value Estimation
      $310,000
      10,500 SF

      6237 Us Hwy 40

      MINI-WAREHOUSE, STORAGE • 10,500 SF
      6237 Us Hwy 40, Greenfield, IN 46140-8880
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,000 SF

      50,000 SF Industrial Building

      50,000 SF industrial building with I-70 access and tax abatement.
      2070 Royal Dr, Greenfield, IN 46140
      View Details
    • $910,000
      9,000 SF

      Industrial Warehouse with Office Space

      9,000 SF industrial property with office and loading docks.
      7363 E Us 40, Greenfield, IN 46140
      View Details
    • $910,000
      9,000 SF

      Greenfield Warehouse: Prime Location

      9,000 SF Warehouse, Excellent Condition
      7363 Us Highway 40, Greenfield, IN 46140
      View Details
    • Contact for pricing
      236,759 SF

      Signature 70: Greenfield Warehouse

      Modern Warehouse, I-70 Access, 236,759 SF
      7780 200, Greenfield, IN 46140
      View Details
    • $910,000
      9,000 SF

      Industrial Warehouse with Office Space

      9,000 SF warehouse with office, mezzanine, and multiple doors.
      7363 E Us Highway 40, Greenfield, IN 46140
      View Details
    • $1,671,000
      16.60 Acres

      Turner Farms Industrial Land

      16.6 Acres, IBP Zoned, Greenfield, IN
      3083 800, Greenfield, IN 46140
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,112 SF

      Industrial Space Near I-70 Corridor

      75,112 SF industrial space for lease near I-70.
      3052 North Distribution Way, Greenfield, IN 46140
      View Details
    • Contact for pricing
      753,000 SF

      753,000 SF Class A Warehouse

      Class A warehouse in Mount Comfort Logistics Center available for lease.
      2709 N 400 W, Greenfield, IN 46140
      View Details
    • Contact for pricing
      7,888 SF

      Renovated Industrial Space Near I-70

      7,888 SF industrial space with dock and drive-in doors.
      5559 N 500 W, Greenfield, IN 46140
      View Details
    • Contact for pricing
      59,533 SF

      Industrial Space in Greenfield, Indiana

      59,533 SF industrial space with easy interstate access.
      6825 W 400 N, Greenfield, IN 46140
      View Details
    • $3 SF/Yr
      66,458 SF

      Available Warehouse Space For Sublease

      66,458 SF warehouse space available for sublease.
      7284 W 200 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      377,781 SF

      Prime Hancock County Warehouse

      Modern warehouse space, immediate occupancy.
      6887 350N, Greenfield, IN 46140
      View Details
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    Greenfield, IN 46140-2269
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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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