Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    621 Indiana Ave Sellersburg, IN 47172

    Sponsored
    For Sale
    $270,000

    carry-out and there is plenty onsite private parking. Obviously being zoned B-1 it has a great variety of options for service

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    353
    retail and others. Contact us today and lets take a closer look.""""}"""

    Property Features for 621 Indiana Ave

    General Information

    Property type
    Investment properties
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Mike Kopp

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.7553
    Latitude
    38.39213

    Nearby Similar for Sale

    • $301,695
      1,468 SF

      Sellersburg Home with Custom Build

      Three-bedroom, two-bath home with open floor plan and modern amenities.
      4517- Venice Way, Sellersburg, IN 47172
      View Details
    • $2,460,000
      123.07 Acres

      Sellersburg Farm: 123 Acres Development Land

      Prime Clark County farmland, development potential.
      Allentown Rd, Sellersburg, IN 47172
      View Details
    • $700,000
      1.78 Acres

      Sellersburg Commercial Land & Home

      Prime I-65 location, 1.78 acres, high potential.
      7519-7521 Highway 60, Sellersburg, IN 47172
      View Details
    • $500,000
      4.00 Acres

      Sellersburg Commercial Property - 4 Acres

      Two structures, lake, utilities included. Prime Sellersburg location.
      8614 Old State Road 60, Sellersburg, IN 47172
      View Details
    • Contact for pricing

      Sellersburg Medical/Office Space

      Prime Location, 2262 sq ft, High Visibility
      433 Indiana Ave, Sellersburg, IN 47172
      View Details
    • $300,000
      3.31 Acres

      Sellersburg Commercial Land Opportunity

      High-traffic location, 3.31 acres.
      Indiana Ave, Sellersburg, IN 47172
      View Details
    • $620,000
      1.13 Acres

      Sellersburg Commercial Land - I-65 Access

      Prime 1.13-acre lot, build-to-suit opportunity.
      60 State Rd, Sellersburg, IN 47172
      View Details
    • $1,295,000

      Sellersburg Town Center Opportunity

      Prime Sellersburg Commercial Land
      60 And Cp Run Rd, Sellersburg, IN 47172
      View Details
    • $475,000
      87.70 Acres

      Sellersburg Commercial Land Opportunity

      Highway 31 frontage, development potential.
      Highway 31, Sellersburg, IN 47172
      View Details
    • Contact for pricing

      Sellersburg Office Space - 565 SF

      Efficient Sellersburg office, ready to occupy.
      310 Hunter Station Rd, Sellersburg, IN 47172
      View Details
    • $2,900,000
      123.07 Acres

      Sellersburg Farm: 123 Acres

      Prime Clark County development land. Farm with home, barn, & silo.
      Allentown Rd, Sellersburg, IN 47172
      View Details
    • $525,000
      0.63 Acres

      Sellersburg Commercial Building - Highway 31 E

      Prime Commercial Property: Move-in Ready, High Visibility
      1226 Bringham Dr, Sellersburg, IN 47172
      View Details

    FAQs

    What type of property is this?
    Investment property - carry-out and there is plenty onsite private parking. Obviously being zoned B-1 it has a great variety of options for service
    Where is this investment property located?
    The property is located at 621 Indiana Ave Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $270,000.
    (812) 283-4778
    Request Owner's contact information
    621 Indiana Ave Sellersburg, IN 47172
    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.
    621 Indiana Ave
    Sellersburg, IN 47172
    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
    621 Indiana Ave Sellersburg, IN 47172
    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
    Mike Kopp
    (812) 283-4778
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.