Add Listing
    For Lease
    • 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

    400 Poplar St Terre Haute, IN 47807

    View on Map
    Sponsored
    For Lease
    $2,625 /Mo

    Office - Terre Haute, IN

    Type:Office
    Days on Market:
    249
    Last Refresh:
    Mar 13 at 6:06 am

    Property Features for 400 Poplar St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C-5
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    84-06-21-462-003.000-002
    Interior features
    Elevator
    Accessibility
    Accessible Elevator Installed

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Dave Cash

    Remax Real Estate Associates (812) 235-4433

    Listing agent DAVE CASH (812) 235-4433 License #RB14017104

    Listing date Jul 8, 2025

    MLS# 105604 Listing URL

    Copyright © 2026 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Terre Haute Office Space

    Located at 4th and Poplar Street in the heart of the downtown business district of Terre Haute, Indiana, this office space offers 2,100 square feet on the second floor. The space is accessible via elevator and is handicap accessible. The layout includes 8 offices, a reception area, and a conference room. The location is visible from 3rd Street and provides ample parking. The space is suitable for various professional uses, including law, medical, and insurance practices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UAP & S Clinic ... Physician Edward Jones - Financial ... Financial Advisor Pollyanna Sumansky Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.412307
    Latitude
    39.463719

    Nearby Similar for Lease

    • New
      $18 SF/Yr
      50,094 SF

      Terre Haute Office Space Available

      Variety of office spaces for lease in Terre Haute.
      501 E Hospital Ln, Terre Haute, IN 47802
      View Details
    • New
      $3,000 /Mo

      Commercial Warehouse Building For Lease

      Well-maintained commercial warehouse building suitable for various business uses.
      1430 E Springhill Dr, Terre Haute, IN 47802
      View Details
    • $1,100 /Mo
      15,682 SF

      Move-in Ready Office Space

      Office space with high-traffic road frontage available for lease.
      4445 South 10Th St S 10th, Terre Haute, IN 47802
      View Details
    • New
      $1,700 /Mo

      Modern Office Space in Historic Building

      Modern office space with amenities in historic Deming building.
      619 Cherry St, Terre Haute, IN 47808
      View Details
    • $1,900 /Mo
      49,223 SF

      Versatile Commercial Space on US 41

      Flexible commercial property with warehouse space for lease on US 41.
      10524 S Us 41 Hwy, Terre Haute, IN 47802
      View Details
    • $16 SF/Yr
      40,511 SF

      Retail Space in Express Plaza

      Retail/service space available in high-traffic Terre Haute location.
      4400 S 7Th St, Terre Haute, IN 47802
      View Details
    • $3,904 /Mo
      87,120 SF

      Terre Haute Warehouse Space Available

      15,616 SF warehouse space with easy highway access.
      145 Voorhees St, Terre Haute, IN 47802
      View Details
    • $1,500 /Mo

      Retail/Office Space in Terre Haute

      2,430 sq ft retail or office space in active district.
      3175 S 3Rd Pl, Terre Haute, IN 47802
      View Details
    • $5,700 /Mo

      Restaurant/Bar Space in Terre Haute

      Newly built-out 5,200 SF restaurant/bar space for lease.
      555 S 3Rd St, Terre Haute, IN 47807
      View Details
    • $6,000 /Mo
      55,757 SF

      Spacious Office Building For Lease

      Versatile office space with ample parking and recent upgrades.
      3900 S 7Th St, Terre Haute, IN 47802
      View Details
    • $4,500 /Mo
      17,424 SF

      Versatile Commercial Space in Terre Haute

      New commercial building with office, warehouse, and flexible options.
      1460 Washington Ave, Terre Haute, IN 47802
      View Details
    • $10 SF/Yr
      66,211 SF

      Retail/Service Space in Terre Haute

      Retail/service space in a high-traffic Terre Haute location.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in the heart of Terre Haute's business district.
    Where is this office units located?
    The property is located at 400 Poplar St Terre Haute, IN.
    What is the lease rate?
    The lease rate is $2,625 /Mo.
    What are key features of this property?
    This property features: - Prime downtown location at 4th and Poplar, visible from 3rd Street; - 2,100 sq ft of office space featuring 8 offices, reception area, and conference room; - Elevator access and handicap accessibility
    (812) 235-4433
    Request Owner's contact information
    400 Poplar St Terre Haute, IN 47807
    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.
    400 Poplar St
    Terre Haute, IN 47807
    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
    400 Poplar St Terre Haute, IN 47807
    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

    We can help!
    Listing Contact
    Dave Cash
    Real Estate License ID: RB14017104
    (812) 235-4433 (812) 243-0930
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!