Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 40 Commercial Barn Title is generated by Realmo AI

    4155 W US Highway 40, Brazil, IN 47834

    View on Map
    Claim this Listing
    For Sale
    $267,000

    COMMERCIAL - Brazil, IN

    Property size:
    4,800 SF
    Lot size:
    0.84 Acres
    Price / SF:
    $55/SF
    Added:
    May 19, 2026
    Days on Market:
    12
    Last Refresh:
    May 30 at 6:06 pm

    Property Features for 4155 W US Highway 40

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Other Comm
    Interior features
    Restroom(s), 440 Volts, Inside Storage, Living Space
    Standard status
    Active
    APN
    11-03-04-400-097.00-011
    Size
    4,800 SF
    Lot size
    0.84 Acres

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    John Hamblin
    John Hamblin

    Listing agent John Hamblin License #RB14052343

    Listing office REMAX R.E.A. 1000 S Third St., Terre Haute, IN

    Listing date May 19, 2026

    MLS# 109417

    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.

    HighLights

    • HUGE 60x80 barn directly on Highway 40 with high traffic and road frontage.
    • 4800 sq ft including 3500 sq ft with concrete, 600 sq ft unfinished office with restroom, and a 600 sq ft loft.
    • Features 16' ceilings and multiple doors: one 16x14 slider, one 10x10 roll‑up, and a service entrance.
    • Benefit from 400 amp electrical service.
    • City water access and septic system.
    • Located on .84 acres with room to expand.

    Overview

    Located on Highway 40 between Terre Haute and Brazil, this commercial property features a 60x80 barn with frontage and traffic exposure. The barn includes a horseshoe double entrance for accessibility. The building features 16' ceilings, one 16x14 slider door, a 10x10 roll-up door, and a service entrance door. The interior provides 4800 sq ft of space, including 3500 sq ft with concrete flooring, a 600 sq ft unfinished office space with a restroom, and a 600 sq ft loft. The property is equipped with a 400 amp electrical service, city water access, and a septic system. Situated on 0.84 acres, the property offers room for expansion. The intended use of the property is commercial, with potential for various business applications.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Storage Facility Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Brazil
    County
    Clay
    State
    Indiana
    Longitude
    -87.185004
    Latitude
    39.507168

    Nearby Similar for Sale

    • $799,999

      Turn-Key Bait Business Opportunity

      Established wholesale bait business with loyal customer base and growth potential.
      500 S Alabama Street, Brazil, IN 47834
      View Details
    • $215,000
      1,800 SF

      Renovated Commercial Space on National

      Updated 1800 SF commercial building in Brazil, Indiana.
      504 W National Avenue, Brazil, IN 47834
      View Details
    • $2,275,000
      3,171 SF

      Diverse 160-Acre Farm/Estate

      160-acre property with agricultural income, water features, wildlife, and home.
      10738 County Road 100, Brazil, IN 47834
      View Details
    • $100,000
      4,800 SF

      Downtown Brazil Office with Expansion

      Spacious office with expansion potential in downtown Brazil.
      11 W National Avenue, Brazil, IN 47834
      View Details
    • $195,900
      576 SF

      Versatile Commercial Building, Brazil, IN

      Adaptable commercial property suited for various business uses.
      8985 N CR 200 W Road, Brazil, IN 47834
      View Details
    • $97,400
      768 SF

      Downtown Brazil Retail Opportunity

      Charming retail space near Main Street, ready for immediate occupancy.
      116 S Franklin Street, Brazil, IN 47834
      View Details
    • $209,900

      Versatile Commercial Building on National Avenue

      Prime commercial property with high visibility and flexible layout.
      623 W National Avenue, Brazil, IN 47834
      View Details
    • $195,900

      Versatile Commercial Building, Brazil, IN

      Adaptable commercial property suited for various business uses.
      8985 N CR 200 W Road, Brazil, IN 47834
      View Details
    • $209,900

      Duplex in Brazil, Indiana

      Duplex located in Brazil, Indiana available for purchase.
      623 W National Ave, Brazil, IN 47834
      View Details
    • $2,587,085
      10,640 SF

      New Development Dollar General Store

      New Dollar General store in Brazil, IN, opening February 2025.
      608 W National Ave, Brazil, IN
      View Details
    • $175,000

      Triplex in Brazil, Indiana

      Triplex property for sale in Brazil, Indiana.
      1016 W County Rd 700 N, Brazil, IN 47834
      View Details
    • $99,900
      768 SF

      Turn Key Office or Retail

      Turn key office or retail space available for sale.
      116 S Franklin St, Brazil, IN 47834
      View Details

    FAQs

    What type of property is this?
    Auto shop - Large commercial barn on Highway 40 with expansion potential.
    Where is this auto shop located?
    The property is located at 4155 W US Highway 40 Brazil, IN.
    What is the asking price?
    The asking price for this property is $267,000.
    What are key features of this property?
    This property features: HUGE 60x80 barn directly on Highway 40 with high traffic and road frontage.; 4800 sq ft including **3500 sq ft with concrete**, 600 sq ft unfinished office with restroom, and a 600 sq ft loft.; Features **16' ceilings** and multiple doors: one 16x14 slider, one 10x10 roll‑up, and a service entrance.
    (812) 208-5953
    We can help!
    Listing Contact
    John Hamblin
    John Hamblin
    Real Estate License ID: RB14052343
    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.
    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

    Thank You for Inquiry
    4155 W US Highway 40, Brazil, IN 47834
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!