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    853 Columbia Rd Plainfield, IN 46168
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    Property profile & analytics

    853 Columbia Rd Plainfield, IN 46168

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    • Industrial properties
    • 104,400 SF
    • 7.09 lot acres
    For Lease
    $1,230,000
    View Listing →
    Industrial Property for Rent For Lease
    $1,230,000

    Industrial Property for Rent

    Industrial property available for rent in Plainfield, Indiana.

    853 Columbia Road, Plainfield, IN 46168
    View Listing
    Property ID
    US31-0594316
    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
    $1,230,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sky Zone / Arcade & Gaming Center / Family Recreation Center
    • Ennis Fabrics / Big Box & Wholesale Store
    • ARS/Rescue Rooter Heating, Air Conditioning, & Plumbing / Plumbing Service / General Contractor
    • ARS / Rescue Rooter / HVAC Service / General Contractor
    • Banning Engineering / General Contractor

    Property Details for 853 Columbia Rd

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.09 lot acres
    Property size
    104,400 SF
    Property type
    Industrial properties
    APN
    32-09-32-351-001.000-012
    APU
    320932351001000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,556,000
      Market price range: $467k - $3.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3366
    Latitude
    39.6943
    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
    $102,247
    $709,000
    $4,335,500
    $5,044,500
    -
    $709,000
    $4,335,500
    $5,044,500

    Comparable in this City

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      262,710 SF

      845 Airtech Pkwy

      INDUSTRIAL (GENERAL) • 262,710 SF
      845 Airtech Pkwy, Plainfield, IN 46168-7450
      View Details
    • Value Estimation by Request
      810 SF

      680 Carr Rd

      HEAVY INDUSTRIAL • 810 SF
      680 Carr Rd, Plainfield, IN 46168-1600
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    • Value Estimation by Request
      7,760 SF

      5698 Us Hwy 40

      INDUSTRIAL (GENERAL) • 7,760 SF
      5698 Us Hwy 40, Plainfield, IN 46168-9766
      View Details
    • Value Estimation
      $2,485,000
      220,302 SF

      2301 Airwest Blvd

      HEAVY INDUSTRIAL • 220,302 SF
      2301 Airwest Blvd, Plainfield, IN 46168-7718
      View Details
    • Value Estimation
      $4,935,000
      480,000 SF

      2675 Reeves Rd

      HEAVY INDUSTRIAL • 480,000 SF
      2675 Reeves Rd, Plainfield, IN 46168-7936
      View Details
    • Value Estimation by Request
      1.94 Acres

      2159 Commercial Dr

      INDUSTRIAL (GENERAL) • 1.94 Acres
      2159 Commercial Dr, Plainfield, IN 46168
      View Details

    Similar Nearby for Sale

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      500,192 SF

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      70,425 SF

      70,425 SF Industrial Warehouse

      Divisible 70,425 SF warehouse with interstate access in Plainfield, Indiana.
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    • $900,000
      2.87 Acres

      Commercial Land on Highway 40

      2.87 acres of commercial land with highway frontage.
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    • $1,199,999

      Hospitality Redevelopment Opportunity in Plainfield

      Shovel-ready site with approved plans for a four-story hotel.
      6023 Gateway Dr, Plainfield, IN 46168
      View Details
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      Prime Commercial Land For Sale

      One acre commercial land ideal for hotel, motel, or restaurant.
      6019 Gateway Dr, Plainfield, IN 46168
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property for Rent

      Industrial property available for rent in Plainfield, Indiana.
      853 Columbia Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      107,051 SF

      Plainfield Industrial Space Available

      Industrial space available for lease in Plainfield, Indiana.
      9400 Bradford Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      176,930 SF

      Plainfield Warehouse with Cross-Dock

      353,860 SF warehouse space available for lease in Plainfield.
      2370 E Perry Rd, Plainfield, IN 46168
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    • Contact for pricing
      402,932 SF

      Plainfield Warehouse and Distribution Center

      Prime location near Indianapolis Airport and major interstates.
      807 S Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Plainfield Warehouse Space Available

      81,304 SF warehouse space for sublease in Plainfield, Indiana.
      730 Columbia Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Plainfield Industrial Space Available

      235,105 SF industrial space with office and parking.
      595 Perry Rd, Plainfield, IN 46168
      View Details
    View Listing
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    853 Columbia Rd
    Plainfield, IN 46168
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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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