Add Listing
    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

    110 Carolyn Ave Georgetown, IN 47122

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Prime location, high growth potential.

    Property size:
    992 SF

    Property Features for 110 Carolyn Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    992 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Chuck Lehman

    Listing Agency: RE/MAX Advantage Listing Agent: Chuck Lehman

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.24-acre commercial development opportunity is located at 110 Carolyn Avenue in Georgetown, Indiana. The property boasts 992 square feet and presents a unique chance to establish a thriving business in a high-traffic area. Its strategic location offers convenient access to key amenities, residential neighborhoods, and major transportation routes, ensuring high visibility and accessibility for your venture. The property's potential is significant, making it ideal for a variety of commercial uses. However, prospective buyers should be aware that any commercial development is subject to zoning approval. This property is ready for your vision, offering ample space to create a successful and impactful business. The address is 110 Carolyn Avenue, Georgetown, IN 47122. Seize this chance to establish your business in a dynamic and growing community. The property's prime location and substantial size make it an attractive investment for entrepreneurs seeking a foothold in a thriving market. Don't miss this opportunity to shape the future of Georgetown's commercial landscape. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Building Supply Dental Office Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Pharmacy Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Floyd
    State
    Indiana
    Longitude
    -85.90932
    Latitude
    38.28411

    Nearby Similar for Sale

    • $499,000
      1.41 Acres

      Georgetown Commercial Corner Lot

      High-visibility I-64 corner lot, great growth potential.
      991 Knable Rd, Georgetown, IN 47122
      View Details
    • $725,000
      0.79 Acres

      Georgetown Business Opportunity: High Traffic Location

      Versatile Commercial Building, High Traffic Count
      8368 State Road 64, Georgetown, IN 47122
      View Details
    • $500,000
      6.41 Acres

      High-Visibility Georgetown Commercial Land

      I-64 Frontage, 6.41 Acres, High Traffic
      Knable Rd, Georgetown, IN 47122
      View Details
    • Contact for pricing
      1.53 Acres

      Georgetown Industrial Property - 4200 sqft

      Spacious industrial building, ideal for various uses.
      521 Maplewood Blvd, Georgetown, IN 47122
      View Details
    • $299,900
      0.25 Acres

      Georgetown Ice Cream Shop For Sale

      Turnkey Ice Cream Business, High Traffic Area
      9280 State Road 64, Georgetown, IN 47122
      View Details
    • Contact for pricing

      Georgetown Business Opportunity

      Prime 3,000 sq ft space, flexible layout.
      1090 Copperfield Dr, Georgetown, IN 47122
      View Details
    • $285,000
      738 SF

      Georgetown Commercial Development Site

      Prime location, high growth potential.
      112 Carolyn Ave, Georgetown, IN 47122
      View Details
    • $590,000
      3.19 Acres

      Georgetown Commercial Land Investment

      High-traffic, 3-acre commercial lots
      Lot #4 #5 #6 Copperfield Dr, Georgetown, IN 47122
      View Details
    • $195,000
      0.95 Acres

      Georgetown Commercial Land Investment

      High-traffic lot, prime location.
      Lot #6 Copperfield Dr, Georgetown, IN 47122
      View Details
    • $205,000
      1.00 Acre

      Georgetown Commercial Land Investment

      High-traffic lot, prime location.
      Lot #5 Copperfield Dr, Georgetown, IN 47122
      View Details
    • $275,000
      1.24 Acres

      Georgetown Commercial Land Investment

      High-traffic lot, prime location.
      Lot #4 Copperfield Dr, Georgetown, IN 47122
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high growth potential.
    Where is this commercial real estate located?
    The property is located at 110 Carolyn Ave Georgetown, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    (812) 923-7050
    Request Owner's contact information
    110 Carolyn Ave Georgetown, IN 47122
    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.
    110 Carolyn Ave
    Georgetown, IN 47122
    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
    110 Carolyn Ave Georgetown, IN 47122
    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
    Chuck Lehman
    (812) 923-7050
    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!