Furnished Office
For Sale
Contact for pricing
332 3rd Avenue Unit 6, Jasper, IN 47546
Two separate rooms and included office furnishings support a ready-to-use workspace.
Property Size400 SF
Price / SF$21
Days on Market10
Property Features for 332 3rd Avenue Unit 6
General Information
Standard status
Active
Size
400 SF
Property subtype
Commercial
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Additional Details
Property Use
Office
Amenities
electronic card key system
security camera system
roadside marquee sign for signage
Building Details
Year Built
1950
Listing Agency:
SELL4FREE-WELSH REALTY CORPORATION
Listed By:
Andrew Welsh · License #RB14022959
(812) 309-0628
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 11:29AM
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 SELL4FREE-WELSH REALTY CORPORATION
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 400-square-foot office unit is arranged as two rooms and comes with desks, file storage, seating, a conference table, and a storage cabinet. Building access uses an electronic card-key system, and security cameras are installed.
A large parking area serves the property, and the unit has an allocated position on the roadside marquee for business signage.
A large parking area serves the property, and the unit has an allocated position on the roadside marquee for business signage.
Key Highlights
- Approximately 400 square feet arranged in two rooms
- Furnishings include two desks, file cabinets, office chairs, side tables, a conference table with four chairs, and a storage cabinet
- Electronic card‑key access and security camera system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,178
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,560
$123.6K
Cap Rate 7%
$88,257
$88.3K
Cap Rate 9%
$68,644
$68.6K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$10.6K $26.40/SF
− Vacancy
−$2.3K −$5.81/SF
EGI
$8.2K $20.59/SF
− OpEx
−$2.1K −$5.15/SF
NOI
$6.2K $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%
$123,560
Cap Rate 7%
$88,257
Cap Rate 9%
$68,644
Alternative Uses
Best Use
Office B
$88.3K
$77.2K – $103.0K
NOI $6,178 @ 7.0% cap · market cap 73.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.84M
$2.49M – $3.32M
NOI $198,919 @ 7.0% cap · market cap 2,368.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Two separate rooms and included office furnishings support a ready-to-use workspace.
Where is this office unit located?
The property is located at 332 3rd Avenue Unit 6 Jasper, IN.
What are key features of this property?
This property features: Approximately 400 square feet arranged in two rooms; Furnishings include two desks, file cabinets, office chairs, side tables, a conference table with four chairs, and a storage cabinet; Electronic card‑key access and security camera system
