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

    Bluelick Rd Unit Lot Memphis, IN 47143

    Sponsored
    For Sale
    $700,000

    1.16 Acres, I-65 Access, Build to Suit

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    362
    This exceptional 1.16-acre commercial lot presents a remarkable opportunity for development in a high-traffic area of Memphis, Indiana. Strategically located off a major commercial and residential thoroughfare, this property boasts unparalleled visibility and accessibility. Its prime location offers immediate access to Interstate 65, ensuring convenient access for both employees and customers. The lot is ideally suited for a wide range of commercial ventures, from retail establishments and restaurants to light industrial uses. The seller is open to both outright sale and ground lease options, providing flexibility for potential buyers or lessees. This presents a unique chance to establish a strong presence in a thriving market. The property's size and location make it an attractive investment for businesses seeking high visibility and convenient access to a major transportation artery. Given the high traffic volume of the surrounding area, this lot offers significant potential for substantial return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property is ready for immediate development, offering a streamlined path to establishing your business in a prime location. Don't miss this opportunity to secure a valuable piece of commercial real estate in a rapidly growing area. Contact us today to learn more about this exceptional offering.

    Property Features for Bluelick Rd Unit Lot

    General Information

    Property type
    Other commercial real estate
    Lot Size
    50,530 SF

    We can help!

    Listing Contact
    John Lopp

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.76308
    Latitude
    38.48442

    Nearby Comparable

    • $610,000
      1.22 Acres

      Memphis Commercial Land - I-65 Access

      Prime 1.22-acre lot, ideal for ground lease or sale.
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $1,500,000
      3.29 Acres

      Memphis Commercial Land - I-65 Access

      Prime 3.29-acre lot, ideal for commercial development.
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $1,400,000
      2.58 Acres

      Prime Memphis Commercial Land

      2.58 Acres, I-65 Access
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $800,000
      1.15 Acres

      Prime Memphis Commercial Lot

      1.15 Acres, I-65 Access, High Traffic
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $600,000
      1.30 Acres

      Prime Memphis Commercial Lot

      1.3-Acre Lot, I-65 Access
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $700,000
      4.00 Acres

      14312 Railroad St, Memphis, IN 47126

      Commercial real estate • 4.00 Acres
      14312 Railroad St, Memphis, IN 47126
      View Details
    • $1,075,000
      5.00 Acres

      Prime Commercial Tract in Memphis

      5-acre commercial tract with high visibility and accessibility.
      13517 Blue Lick Rd, Memphis, IN 47143
      View Details
    • $350,000
      4.93 Acres

      Prime I-65 Industrial Land in Memphis, IN

      High-Visibility Industrial Lot, Excellent Location
      506 Crone Rd, Memphis, IN 47143
      View Details
    • $673,000
      4.50 Acres

      Prime Memphis Commercial Land

      High-traffic I-65 location, development potential.
      5706 Greenland Unit, Memphis, IN 47143
      View Details
    • $690,000
      4.60 Acres

      Prime Memphis Commercial Land

      I-65 Frontage, Development Opportunity
      Memphis-Bluelick Rd, Memphis, IN 47143
      View Details
    • $1,430,000
      9.55 Acres

      Prime Memphis Commercial Land

      I-65 Frontage, Development Opportunity
      Memphis-Bluelick, Memphis, IN 47143
      View Details

    Nearby Similar for Sale

    • $690,000
      4.60 Acres

      Prime Memphis Commercial Land

      I-65 Frontage, Development Opportunity
      Memphis-Bluelick Rd, Memphis, IN 47143
      View Details
    • $350,000
      4.93 Acres

      Prime I-65 Industrial Land in Memphis, IN

      High-Visibility Industrial Lot, Excellent Location
      506 Crone Rd, Memphis, IN 47143
      View Details
    • $1,430,000
      9.55 Acres

      Prime Memphis Commercial Land

      I-65 Frontage, Development Opportunity
      Memphis-Bluelick, Memphis, IN 47143
      View Details
    • $673,000
      4.50 Acres

      Prime Memphis Commercial Land

      High-traffic I-65 location, development potential.
      5706 Greenland Unit, Memphis, IN 47143
      View Details
    • $1,400,000
      2.58 Acres

      Prime Memphis Commercial Land

      2.58 Acres, I-65 Access
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $1,500,000
      3.29 Acres

      Memphis Commercial Land - I-65 Access

      Prime 3.29-acre lot, ideal for commercial development.
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $610,000
      1.22 Acres

      Memphis Commercial Land - I-65 Access

      Prime 1.22-acre lot, ideal for ground lease or sale.
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $800,000
      1.15 Acres

      Prime Memphis Commercial Lot

      1.15 Acres, I-65 Access, High Traffic
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $600,000
      1.30 Acres

      Prime Memphis Commercial Lot

      1.3-Acre Lot, I-65 Access
      Bluelick Rd Unit Lot, Memphis, IN 47143
      View Details
    • $850,000
      9,180 SF

      Highway 160 E Warehouse For Sale

      9,180 SF Warehouse, Henryville, IN
      0 Hwy 160, Memphis, IN 47126
      View Details
    • $700,000
      4.00 Acres

      14312 Railroad St, Memphis, IN 47126

      Commercial real estate • 4.00 Acres
      14312 Railroad St, Memphis, IN 47126
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 1.16 Acres, I-65 Access, Build to Suit
    Where is this commercial real estate located?
    The property is located at Bluelick Rd Unit Lot Memphis, IN.
    What is the asking price?
    The asking price for this property is $700,000.
    (812) 728-8181
    Request Owner's contact information
    Bluelick Rd Unit Lot Memphis, IN 47143
    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.
    Bluelick Rd Unit Lot
    Memphis, IN 47143
    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
    Bluelick Rd Unit Lot Memphis, IN 47143
    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
    John Lopp
    (812) 728-8181
    Learn more
    Google sign-in failed. Please try again or use another login method.