Listing Agency: Keller Williams Collective

Listed By: Ryan Dorazil Show Phone

Source: Kcrea.resimplifi

Added: Jul 9 Changed: Oct 9 Last Checked: Oct 12 at 4:48PM

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Investment Insights

Based on property information with market context.

This mixed-use property at 1625 Market St includes 38 self-storage units, a 1,474-square-foot retail building, and a 1,563-square-foot residence with two bedrooms and two bathrooms. The retail component and residence are leased, while the storage units provide a separate operating component. The improvements occupy a 0.82-acre commercial site with C2 zoning and all city utilities.

Market Street provides access to the property in Charlestown, Indiana. The offering brings together retail, residential, and self-storage uses within one 3,037-square-foot property. Existing leases and multiple operating components create a diversified configuration for commercial real estate ownership.

Key Highlights

• 38 self‑storage units
• 1,474 SF leased retail building
• 1,563 SF leased 2‑bedroom, 2‑bath residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,659

Cap Rate

6.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$733,180 $733.2K

Cap Rate 7%

$523,700 $523.7K

Cap Rate 9%

$407,322 $407.3K

Market Conditions

NOI Build-Up for 3,037 SF

Gross rent

$54.7K $18.00/SF

− Vacancy

−$2.3K −$0.76/SF

EGI

$52.4K $17.24/SF

− OpEx

−$15.7K −$5.17/SF

NOI

$36.7K $12.07/SF

Area

Clark County, IN

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$733,180

Cap Rate 7%

$523,700

Cap Rate 9%

$407,322

Alternative Uses

Best Use

Retail

$523.7K

$458.2K – $611.0K (±1% cap)

NOI $36,659 @ 7.0% cap · market cap 6.38%

Second Best

Apartment 5plus

$457.3K

$400.2K – $533.5K (±1% cap)

NOI $32,012 @ 7.0% cap · market cap 5.57%

Theoretical Best

Office A

$883.0K

$772.6K – $1.03M (±1% cap)

NOI $61,809 @ 7.0% cap · market cap 10.75%

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

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Grocery & Convenience Store Kitchen & Bath Showroom Locksmith

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

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Explore this area Business Placement

Demographics for 47111, IN

16,972

Population

7,011

Households

2.4

Avg Household Size

40

Median Age

28%

College-Educated

91%

High-School Grad

86.0 sq mi

ZIP Area

197

Density / Sq Mi

$93,418

Median Household Income

$51,170

Median Earnings

$906

Median Rent

$261,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercially zoned site combines leased retail and residential space with self-storage operations.

Where is this mixed-use property located?

The property is located at 1625 Market St Charlestown, IN.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 38 self‑storage units; 1,474 SF leased retail building; 1,563 SF leased 2‑bedroom, 2‑bath residence