Office Suite with Private
New
For Sale
Contact for pricing
1482 Executive Boulevard, Jasper, IN 47546
A flexible floor plan combines enclosed work areas, meeting space, and a large reception or open-work area.
Property Size1,418 SF
Price / SF$15.23
Days on Market5
Property Features for 1482 Executive Boulevard
General Information
Standard status
Active
Size
1,418 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
ADA accessible
Building Details
Year Built
1989
Listing Agency:
RE/MAX Local
Listed By:
Fallon Knies · License #RB22001597
(502) 794-0920
Source:
Jmrealtyonline
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:20PM
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 RE/MAX Local
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Investment Insights
Based on property information with market context.
This 1,418-square-foot office suite was built in 1989 and has been updated. Its layout includes three private offices, a large open area suited to reception or front-office functions, and a sizable room that can serve as a conference or break room. The space is ADA accessible. Two restrooms are located down the hall, and the property has a spacious parking lot.
Key Highlights
- 1,418 square feet of office space
- Three private offices
- Large open area for reception, front‑office, or open‑work use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,000
$438.0K
Cap Rate 7%
$312,857
$312.9K
Cap Rate 9%
$243,333
$243.3K
Market Conditions
NOI Build-Up for 1,418 SF
Gross rent
$37.4K $26.40/SF
− Vacancy
−$8.2K −$5.81/SF
EGI
$29.2K $20.59/SF
− OpEx
−$7.3K −$5.15/SF
NOI
$21.9K $15.44/SF
Area
Dubois County, IN
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,000
Cap Rate 7%
$312,857
Cap Rate 9%
$243,333
Alternative Uses
Best Use
Office B
$312.9K
$273.8K – $365.0K
NOI $21,900 @ 7.0% cap · market cap 101.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.07M
$8.81M – $11.75M
NOI $705,167 @ 7.0% cap · market cap 3,264.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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Business Placement
Demographics for 47546, IN
22,445
Population
10,080
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
121.6 sq mi
ZIP Area
185
Density / Sq Mi
$67,806
Median Household Income
$41,824
Median Earnings
$767
Median Rent
$232,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible floor plan combines enclosed work areas, meeting space, and a large reception or open-work area.
Where is this office unit located?
The property is located at 1482 Executive Boulevard Jasper, IN.
What are key features of this property?
This property features: 1,418 square feet of office space; Three private offices; Large open area for reception, front‑office, or open‑work use
