Property profile

688 Tower Rd Plainfield, IN 46168

OFF-MARKET
Industrial properties
Property ID
US31-1091139
11,700 SF 1.31 ac lot Built 1995
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This freestanding industrial building, located at 688 Tower Road, Plainfield, IN 46168, offers 12,000 square feet of space on a 1.31-acre lot. The property, built in 1993, is zoned I-2 and situated in the Plainfield submarket of Hendricks County. It features a single tenancy, making it ideal for businesses seeking sole occupancy. The building boasts a 15.5-foot ceiling height, enhancing storage and operational efficiency. Loading and unloading are facilitated by two loading docks and six drive-in doors. The area north of the drive-in doors is secured with fencing. Ample parking is available with 17 spaces. Approximately 2,000 square feet of the total area is dedicated to office space, providing a functional blend of warehouse and administrative areas. The property's convenient location near the US Post Office on Carr Road adds to its appeal. This versatile warehouse/distribution/flex space presents a significant opportunity for businesses seeking a well-equipped and strategically located facility in Plainfield, Indiana.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1995
Construction WOOD
Total area 11,700 SF
Lot 1.31 ac (57,064 SF)
APN 32-10-26-188-002.000-012
UPID US31-1091139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

688 Tower Rd Plainfield, IN 46168-8752
Plainfield metro Census 210900 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2020
Price N/A
2008
Price N/A

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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