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    3425 S 6Th St Terre Haute, IN 47802

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    For Sale
    $925,000

    Regional franchise restaurant with high visibility and accessibility.

    Property size:
    2,800 SF
    Lot size:
    0.34 Acres

    Property Features for 3425 S 6Th St

    General Information

    Standard status
    Active
    Zoning
    Commercial 2
    Size
    2,800 SF
    Lot size
    0.34 Acres

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Becky Klingele
    Becky Klingele
    Source: Crexi

    Listing Agency: Preferred Realty LLC Listing Agent: Becky Klingele

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Restaurant on Highway Route

    This established specialty drinks and snacks regional franchise restaurant is positioned along the highly traveled U.S. Hwy Route 41 near the Interstate 70 interchange. It offers exceptional visibility and accessibility in Terre Haute’s most active commercial corridor. The location benefits from a commuter-driven and destination retail market, with consistent demand from both drive-thru and walk-in customers. The site is engineered for efficient ingress and egress, supporting strong throughput and optimal drive-thru performance during peak hours. Nearby traffic counts exceed 25,000–35,000 vehicles per day. The property is in proximity to national retailers and major shopping destinations, as well as strong interstate spillover traffic from I-70. This tertiary market draws from a diverse and reliable customer base including retail employees from surrounding big-box and national retailers, healthcare professionals from nearby medical facilities, logistics and light industrial workforce, interstate and regional highway travelers, and a consistent student population. The property size is 2800 square feet.
    Location Intelligence

    Current Use by Public Records

    Ginger Ale's Terre ... Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.409559
    Latitude
    39.427084

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    FAQs

    What type of property is this?
    Drive through restaurant - Regional franchise restaurant with high visibility and accessibility.
    Where is this drive through restaurant located?
    The property is located at 3425 S 6Th St Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - High-visibility location on U.S. Hwy Route 41 near Interstate 70 interchange.; - Established specialty drinks and snacks regional franchise restaurant.; - Engineered for efficient ingress/egress and optimal drive-thru performance.
    (812) 249-3920
    Request Owner's contact information
    3425 S 6Th St Terre Haute, IN 47802
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    Terre Haute, IN 47802
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3425 S 6Th St Terre Haute, IN 47802
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    We can help!
    Listing Contact
    Becky Klingele
    Becky Klingele
    Real Estate License ID: RB14028499
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