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

    902 Wallington Cir Greenwood, IN 46143-2353

    • Hotels
    • 3,406 SF
    • 20.34 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1077796
    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

    • Ashmore Trace Apartments in Greenwood / Apartment Complex / Apartment Building

    Property Details for 902 Wallington Cir

    Year built
    1973
    Construction
    WOOD
    Lot size
    20.34 lot acres
    Property size
    3,406 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    41-05-05-021-012.000-026
    APU
    410505021012000026

    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
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1106
    Latitude
    39.603
    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
    $226,444
    $940,000
    $12,421,800
    $13,361,800
    -
    $940,000
    $12,421,800
    $13,361,800

    Comparable in this City

    • Value Estimation by Request
      4,722 SF

      1180 Emerald Lks

      HOTEL/MOTEL • 4,722 SF
      1180 Emerald Lks, Greenwood, IN 46143-8051
      View Details
    • Value Estimation by Request
      2,480 SF

      610 Paradise Ct

      HOTEL/MOTEL • 2,480 SF
      610 Paradise Ct, Greenwood, IN 46143-2001
      View Details
    • Value Estimation by Request
      3,877 SF

      1570 Countryside Dr

      HOTEL/MOTEL • 3,877 SF
      1570 Countryside Dr, Greenwood, IN 46143-2753
      View Details
    • Value Estimation
      $600,000
      41,556 SF

      1190 Graham Rd

      HOTEL/MOTEL • 41,556 SF
      1190 Graham Rd, Greenwood, IN 46143-7997
      View Details
    • Value Estimation
      $670,000
      50,085 SF

      887 Main St

      HOTEL/MOTEL • 50,085 SF
      887 Main St, Greenwood, IN 46143-1431
      View Details
    • Value Estimation by Request
      0.95 Acres

      151 Byrd Way

      Multifamily properties • 0.95 Acres
      151 Byrd Way, Greenwood, IN 46143
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15.76 Acres

      Greenwood Commercial Land Investment

      15.76 Acres, I-65 Access, Shovel Ready
      0 Main St & Graham Rd, Greenwood, IN 46143
      View Details
    • $799,000
      3,552 SF

      Greenwood Commercial Property - 2 Acres

      Prime Greenwood location, flexible zoning, 3,552 sq ft building.
      774 Morgantown Rd, Greenwood, IN 46143
      View Details
    • $645,000
      0.89 Acres

      Greenwood Office Building - High Visibility

      Prime Greenwood location, tenant-occupied office.
      1764 Stones Crossing Rd, Greenwood, IN 46143
      View Details
    • Contact for pricing

      Greenwood Development Land For Sale

      51 acres of prime residential development land in Greenwood, Indiana.
      N Five Points Rd, Greenwood, IN 46143
      View Details
    • $1,990,000

      Shovel Ready Land For Sale

      Land available for sale or land lease near I-65.
      2433 E Main St, Greenwood, IN 46143
      View Details
    • New
      $990,000
      Pending

      Greenwood Land with Development Potential

      9.963 acres of land in Center Grove with mature trees.
      2231 S State Road 135, Greenwood, IN 46143
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      241,800 SF

      Modern Industrial Distribution Center

      241,800 SF Distribution Facility - Space Available
      497 Chaney Ave, Greenwood, IN 46143
      View Details
    • Contact for pricing
      81,436 SF

      Summerfield Crossing Retail Center

      Greenwood, IN shopping center; 6 spaces available
      2200 Independence Dr, Greenwood, IN 46143
      View Details
    • Contact for pricing
      141,622 SF

      Industrial Warehouse Space Available

      141,622 SF industrial space for lease in Greenwood, IN.
      2018 Main St, Greenwood, IN 46143
      View Details
    • Contact for pricing
      446,500 SF

      Modern Distribution Warehouse in Greenwood

      446,500 SF warehouse with expansion potential and ample parking.
      1415 Collins Rd, Greenwood, IN 46143
      View Details
    • Contact for pricing

      Land Available in Greenwood, IN

      Five parcels of land for rent in Greenwood, Indiana.
      N Graham Rd, Greenwood, IN 46143
      View Details
    • Contact for pricing

      Land Available For Lease

      Up to 13 acres available for lease or build-to-suit.
      State Road 37, Greenwood, IN 46143
      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.
    902 Wallington Cir
    Greenwood, IN 46143-2353
    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.