Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7162 Governors Row Avon, IN 46123-9312

    • Commercial real estate
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2024
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0187359
    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

    • Commercial real estate

    Property Details for 7162 Governors Row

    Lot size
    0.09 lot acres
    Property type
    Commercial real estate
    APN
    32-10-14-156-004.000-031
    APU
    321014156004000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3965
    Latitude
    39.7429
    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
    $3
    $100
    $0.00
    $100
    -
    $100
    $0.00
    $100

    Comparable in this City

    • Value Estimation by Request
      1.27 Acres

      125 County Road 900

      Land • 1.27 Acres
      125 County Road 900, Avon, IN 46123
      View Details
    • Value Estimation by Request
      720 SF

      Avon, IN 46123

      COMMERCIAL (GENERAL) • 720 SF
      Avon, IN 46123
      View Details
    • Value Estimation by Request
      1.88 Acres

      Eden Gate Dr Block D D

      COMMERCIAL (GENERAL) • 1.88 Acres
      Eden Gate Dr Block D D, Avon, IN 46123
      View Details
    • Value Estimation
      $725,000
      21,600 SF

      241 Casco Dr

      COMMERCIAL (GENERAL) • 21,600 SF
      241 Casco Dr, Avon, IN 46123-5411
      View Details
    • Value Estimation by Request
      4.00 Acres

      8693 Kingston St

      COMMERCIAL (GENERAL) • 4.00 Acres
      8693 Kingston St, Avon, IN 46123-8873
      View Details
    • Value Estimation
      $700,000
      29,806 SF

      5250 Us Hwy 36th Ste, Unit 400

      COMMERCIAL (GENERAL) • 29,806 SF
      5250 Us Hwy 36th Ste, Avon, IN 46123-7824
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.77 Acres

      Avon Commercial Land - Hwy 36

      3.77 Acres, C-2 Zoning, High Visibility
      8339 Us Highway 36, Avon, IN 46123
      View Details
    • Contact for pricing
      1.27 Acres

      Avon Commercial Land - 1.27 Acres

      Prime Avon location, C-2 zoning, high traffic.
      125 County Road 900, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Commercial Land - 1 Acre

      Prime Avon location, build-to-suit opportunity. High traffic, medical proximity.
      8550 Kingston St, Avon, IN 46123
      View Details
    • $250,000
      0.46 Acres

      Avon Commercial Land - $250K

      0.46-acre commercial lot, prime location.
      0 Shiloh Crossing Dr, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Land for Sale

      One acre of land with immediate highway access.
      8550 Kingston St, Avon, IN 46123
      View Details
    • Contact for pricing

      Commercial Land Near Gable Crossing

      Commercial land with dual signalized entry near shopping center.
      168 Avon Village Pkwy, Avon, IN 46123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      Commercial land with dual signalized entry in Avon, Indiana.
      204 Avon Village Dr, Avon, IN 46123
      View Details
    • $20 SF/Yr
      5,840 SF

      Visible Office Space For Rent

      Office space with high visibility and easy highway access.
      6845 E Us Highway 36, Avon, IN 46123
      View Details
    • $20 SF/Yr

      Westridge Office Park For Rent

      Office park with high visibility and easy highway access.
      6781 E Us Highway 36, Avon, IN 46123
      View Details
    • $19 SF/Yr
      38,448 SF

      Westridge Office Park: Avon, IN

      Prime Avon Office Space Available
      6781 Us Highway 36, Avon, IN 46123
      View Details
    • $23 SF/Yr
      16,030 SF

      Avon Retail Center - Hwy 36

      High-traffic retail space available. Avon, IN.
      9782-9784 Avon In, Avon, IN 46123
      View Details
    • $18 SF/Yr
      35,000 SF

      Retail Space in Growing Community

      Retail spaces available in a rapidly growing Indiana community.
      577 S Dan Jones Rd, Avon, IN 46123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7162 Governors Row
    Avon, IN 46123-9312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.