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    700 Pearl St New Albany, IN 47150

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    For Lease
    $10 SF/Yr ($6,050 /Mo)

    Professional office space in growing downtown New Albany.

    Property size:
    7,260 SF
    Lot size:
    0.85 Acres

    Property Features for 700 Pearl St

    General Information

    Size
    7,260 SF
    Lot size
    0.85 Acres

    Source: RE/MAX FIRST Agent Michael A Kopp

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

    Overview

    Downtown New Albany Office Space

    Located in Downtown New Albany at 700 Pearl St and Culbertson Ave, this professional office space offers a setting with conference rooms, a kitchenette, large and small offices, and an open area suitable for cubicle space users. The property includes ample parking, free bonus storage, and an overhead door to the rear of the building, allowing for additional storage if needed. Lawn care, landscaping, and snow removal are included. The 7,260-square-foot site is easily accessible from I-64 exit and the Sherman Minton Bridge. The location is next to the proposed Padgett District Development, which is planned to include new residential opportunities for apartments and townhomes, as well as restaurants, pubs, entertainment, and social activities. Downtown New Albany is experiencing growth and attracting investors, business owners, and consumers. The area includes banks, legal offices, title companies, and local, state, and federal government offices, including court systems, police, and sheriff offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Data Strategy Computer Security Service Floyd County Head ... Preschool

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8243305
    Latitude
    38.2896325

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    FAQs

    What type of property is this?
    Office space - Professional office space in growing downtown New Albany.
    Where is this office space located?
    The property is located at 700 Pearl St New Albany, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Proximity to the $80-90 million Padgett District Development (new residential, restaurants, entertainment).; - Professional office setting with conference rooms, kitchenette, large/small offices, and open cubicle area.; - Ample parking and free bonus storage, including overhead door access.
    (502) 386-9022
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    700 Pearl St New Albany, IN 47150
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    New Albany, IN 47150
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    Realmo Value Estimation

    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.

    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.

    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
    700 Pearl St New Albany, IN 47150
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