Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7716 W 200 N Greenfield, IN 46140

    Property Lookup

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

    7716 W 200 N Greenfield, IN 46140

    View on Map
    • Self storage facilities
    • 3.05 lot acres
    For Sale
    $699,000
    View Listing →
    Cleared Land Ready For Development For Sale
    $699,000
    3.05 Acres

    Cleared Land Ready For Development

    Cleared land approved for self-storage development with existing cell tower lease.

    7716 W 200 N, Greenfield, IN 46140
    View Listing
    Property ID
    US31-1130719
    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

    • Self storage facilities

    Property Details for 7716 W 200 N

    Lot size
    3.05 lot acres
    Property type
    Self storage facilities

    Description

    This exceptional 3.05-acre site, located at the I-70 and Mount Comfort Road interchange in Greenfield, Indiana (7716 W 200 N, zip code 46140), presents a rare opportunity for immediate development. Fully entitled and engineered for self-storage construction, this property is zoned IBP and boasts convenient access to all utilities. Current plans detail a 21,500 square foot facility, though modifications are possible, including the addition of a two-story climate-controlled building. Comprehensive construction plans, a thorough market study validating the demand for self-storage in this area, and all necessary zoning approvals are included in the sale. The property's strategic location anchors the west end of the Amazon complex, ensuring high visibility and accessibility. Adding to its appeal, a cell tower lease generates an annual income of $6,600. Priced at $975,000, this shovel-ready site is ideal for investors seeking a swift return on investment. This is a turnkey opportunity to capitalize on the growing need for self-storage in a prime location.

    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
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.947241226781
    Latitude
    39.812161180568

    Comparable in this City

    • 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
    • $825,000
      2,756 SF

      Renovated Pole Barn on Acreage

      Renovated pole barn on 1.91 acres in Hancock County.
      2440 N Buck Creek Rd, Greenfield, IN 46140
      View Details
    • Contact for pricing
      236,759 SF

      Industrial Development Opportunity

      State-of-the-art industrial property with significant development potential.
      7780 W 200 N, 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
    • $910,000

      Industrial Warehouse with Office Space

      9,000 SF industrial property with office and loading docks.
      7363 E Us Highway 40, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Class A Distribution Facility

      535,800 SF distribution facility with expansion opportunities in Greenfield, IN.
      7114 West North St North, Greenfield, IN 46140
      View Details

    Similar Nearby for Sale

    • $825,000
      2,756 SF

      Renovated Pole Barn on Acreage

      Renovated pole barn on 1.91 acres in Hancock County.
      2440 N Buck Creek Rd, Greenfield, IN 46140
      View Details
    • 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
    • Contact for pricing
      236,759 SF

      Industrial Development Opportunity

      State-of-the-art industrial property with significant development potential.
      7780 W 200 N, 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
    • $910,000

      Industrial Warehouse with Office Space

      9,000 SF industrial property with office and loading docks.
      7363 E Us Highway 40, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Class A Distribution Facility

      535,800 SF distribution facility with expansion opportunities in Greenfield, IN.
      7114 West North St North, 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
      737,352 SF

      Planned Greenfield Industrial Logistics Park

      Planned industrial logistics park with cross-docked distribution buildings.
      W 500 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      636,120 SF

      Greenfield Industrial Logistics Park Opportunity

      Industrial park with build-to-suit options in Greenfield, Indiana.
      6595 N 500 E, Greenfield, IN 46140
      View Details
    • Contact for pricing
      377,781 SF

      Industrial Warehouse Space in Greenfield

      Modern industrial park location with ample parking and dock doors.
      6887 W 350 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      802,907 SF

      802,907 SF Industrial Space

      Large industrial space available for lease in Greenfield, Indiana.
      6905 W 300 N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      236,759 SF

      Industrial Space Near I-70 Access

      Industrial space available for build-to-suit with I-70 access.
      7800 W 200 N, Greenfield, IN 46140
      View Details
    View Listing
    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.
    7716 W 200 N
    Greenfield, IN 46140
    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.
    Sign Up Successful!
    You now have access to more from Realmo!