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

    Bringham Drive, Sellersburg, IN 47172

    View on Map
    Claim this Listing
    For Sale
    $275,000

    0.87 acre commercial lot zoned for heavy industrial use.

    Type:Retail
    Lot size:
    0.87 Acres
    Added:
    Dec 1, 2021
    Days on Market:
    1646
    Last Refresh:
    May 12 at 8:51 pm

    Property Features for Bringham Drive

    General Information

    Standard status
    Active
    Lot size
    0.87 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Candice Ritchie

    Listing agent Candice Ritchie

    Listing office Schuler Bauer Real Estate Services ERA Powered (N

    Listing date Dec 1, 2021

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Schuler Bauer Real Estate Services ERA Powered (N

    HighLights

    • Prime location directly off I‑65 and Highway 60.
    • Zoned I‑2 Heavy Industrial, the most intense zoning use available.
    • 0.87 acres of prime real estate.
    • Fully paved lot.
    • Completely enclosed with an electric security fence.
    • Suitable for a wide range of commercial uses, such as vehicle impound, auto sales & repair.

    Overview

    This commercial property features 0.87 acres of land located off I-65 and Highway 60 in Sellersburg. The property is zoned I-2 HEAVY INDUSTRIAL, allowing for a wide range of commercial uses. The fully paved lot is enclosed by an electric security fence. Potential uses include vehicle impound, and auto sales and repair, due to its zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.7713
    Latitude
    38.3931

    Nearby Similar for Sale

    • $699,900
      4,464 SF

      Turnkey Recreation Center with Pool

      Turnkey recreation center with renovated pool facilities, courts, and multi-level office and party space.
      12701 Covered Bridge Road, Sellersburg, IN 47172
      View Details
    • $525,000
      1,653 SF

      Sellersburg Commercial Building or Land

      Commercial building or land for development in prime location.
      7312 Hwy 311, Sellersburg, IN 47172
      View Details
    • $1,600,000
      9,000 SF

      New Commercial Building Investment Opportunity

      Fully leased, new construction commercial building in high-demand Southern Indiana.
      8000 Hardy Way, Sellersburg, IN 47172
      View Details
    • $1,600,000
      9,200 SF

      New Commercial Building For Sale

      Fully leased commercial building in high-demand Southern Indiana corridor.
      8000 Hardy Way, Sellersburg, IN 47172
      View Details
    • $385,000

      Sellersburg Commercial Land For Sale

      Commercial land with potential for retail, office, or services.
      7315 Highway 311, Sellersburg, IN 47172
      View Details
    • $385,000

      Commercial Land on Highway 311

      Commercial land with frontage on State Highway 311.
      7307 Highway 311, Sellersburg, IN 47172
      View Details
    • $385,000

      Sellersburg Commercial Land For Sale

      Commercial land with potential for retail, office, or service use.
      7311 Highway 311, Sellersburg, IN 47172
      View Details
    • $174,999

      Sellersburg Land Ready to Build

      4.75 acres in Sellersburg, ready for your dream home.
      Highway 60, Sellersburg, IN 47172
      View Details
    • $239,900

      Sellersburg Land Near Golf Course

      6.9 acre residential building lot near Covered Bridge Golf Club.
      Covered Bridge - 6.952 Acres Road, Sellersburg, IN 47172
      View Details
    • $495,000

      Commercial Lot in Growing Area

      Vacant commercial lot in Sellersburg, great location for development.
      7121 Highway 311 lot: 3, Sellersburg, IN 47172
      View Details
    • $395,000

      Commercial Lot in Growing Area

      Vacant commercial lot in fast growing Sellersburg area.
      7213 Highway 311 lot: 4, Sellersburg, IN 47172
      View Details
    • $1,600,000
      7,500 SF

      Industrial Property with Penske Lease

      Industrial property with existing Penske lease and additional land.
      1234 Bringham Dr, Sellersburg, IN
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.87 acre commercial lot zoned for heavy industrial use.
    Where is this commercial land located?
    The property is located at Bringham Drive Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location directly off I‑65 and Highway 60.; Zoned I‑2 Heavy Industrial, the most intense zoning use available.; 0.87 acres of prime real estate.
    (812) 948-2888
    We can help!
    Listing Contact
    Candice Ritchie
    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
    Bringham Drive, Sellersburg, IN 47172
    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!