Building Details

Year Built 1997

Buildings 1

Building Size 3,400 SF

Construction brick

Listing Agency: Landmark Realty & Development, Inc

Listed By: Stacy Stevens · License #69697 Show Phone

Source: Callcriswell

Added: Jul 21 Changed: Oct 14 Last Checked: Oct 12 at 9:11PM

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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 Landmark Realty & Development, Inc

Investment Insights

Based on property information with market context.

Built in 1997, this all-brick office property in Darmstadt occupies 1.8 acres and provides a substantial professional-office configuration. The building includes 10 private offices, a large waiting room, administrative areas, file rooms, a kitchen, and separate front and rear entrances.

A large parking lot supports the building, while the layout offers dedicated areas for office work, visitor reception, administration, records, and staff functions. The property was previously used as a medical building and is subject to a deed restriction prohibiting medical use that would compete with medical services provided by Deaconess Hospital.

Key Highlights

• All‑brick office building constructed in 1997
• 10 private offices with a large waiting room
• Administrative areas, file rooms, and kitchen included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,915

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$698,300 $698.3K

Cap Rate 7%

$498,786 $498.8K

Cap Rate 9%

$387,944 $387.9K

Market Conditions

NOI Build-Up for 3,403 SF

Gross rent

$61.3K $18.00/SF

− Vacancy

−$14.7K −$4.32/SF

EGI

$46.6K $13.68/SF

− OpEx

−$11.6K −$3.42/SF

NOI

$34.9K $10.26/SF

Area

Vanderburgh County, IN

Vacancy

24.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$698,300

Cap Rate 7%

$498,786

Cap Rate 9%

$387,944

Alternative Uses

Best Use

Office B

$498.8K

$436.4K – $581.9K (±1% cap)

NOI $34,915 @ 7.0% cap · market cap 7.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$657.8K

$575.5K – $767.4K (±1% cap)

NOI $46,043 @ 7.0% cap · market cap 9.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Restaurant Garden Center Dental Office Cafe & Coffee Shop Barber Shop Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

Explore this area Business Placement

Demographics for 47725, IN

19,220

Population

7,861

Households

2.4

Avg Household Size

40

Median Age

44%

College-Educated

98%

High-School Grad

55.1 sq mi

ZIP Area

349

Density / Sq Mi

$105,528

Median Household Income

$53,430

Median Earnings

$1,632

Median Rent

$270,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Configured with private offices, a substantial waiting area, administrative space, support rooms, and a kitchen.

Where is this office building located?

The property is located at 13330 Darmstadt Rd Darmstadt, IN.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: All‑brick office building constructed in 1997; 10 private offices with a large waiting room; Administrative areas, file rooms, and kitchen included