4235 W State Road 46, Bloomington, IN
Commercial/Retail building on 1.27 acres with high visibility.
- Added:
- Nov 18, 2024
- Days on Market:
- 574
- Last Refresh:
- May 20 at 10:01 pm
Property Features for 4235 W State Road 46
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.27 Acres
- Property subtype
- RETAIL
Listing agent Dan Rarey (812) 334-1252
Listing office Dan Rarey Real Estate (812) 334-1252
Listing date Nov 18, 2024
Source Moodyscre
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 Dan Rarey Real Estate
HighLights
- Excellent visibility on the busiest section of Highway 46.
- 1.27 acres with lots of paved parking and road frontage.
- Ellettsville C‑3 zoning allows for most commercial or retail usage.
- Nearly 3,000 s.f. of mostly open space, easy to reconfigure.
- Hard to find commercial property.
- Located on busy W State Road 46.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $20.04 |
| − Vacancy | −$2.6k | −$0.88 |
| EGI | $57.5k | $19.16 |
| − OpEx | −$17.2k | −$5.75 |
| NOI | $40.2k | $13.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5898
- Latitude
- 39.2124
