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    Kirklin Church Facility For Sale Title is generated by Realmo AI

    420 E Pike St, Kirklin, IN 46050

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    Well-maintained church facility with flexible space and recent updates.

    Type:Special Purpose
    Property size:
    3,392 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $112/SF
    Added:
    Mar 18, 2026
    Days on Market:
    56
    Last Refresh:
    Mar 20 at 12:03 am

    Property Features for 420 E Pike St

    General Information

    Standard status
    Active
    Size
    3,392 SF
    Lot size
    0.25 Acres
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Annie Scott

    Listing agent Annie Scott License #IN

    Listing office Annie Scott Commercial Real Estate

    Listing date Mar 18, 2026

    Source Crexi

    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 Annie Scott Commercial Real Estate

    HighLights

    • Well‑maintained 3,392 sq ft building with recent updates to HVAC, roof, electrical, plumbing, and windows.
    • Flexible floor plan suitable for various institutional or community‑oriented uses.
    • Includes an adjacent lot providing additional open space and parking potential.
    • Resealed asphalt parking (2021).
    • Convenient access to Frankfort and Lebanon while serving the surrounding rural area.
    • Waterline updates and roof improvements.

    Overview

    The commercial building, currently used as a church facility, is located on E Pike Street in Kirklin. Constructed in 1950, the single-story building has approximately 3,392 square feet and sits on an approximately 83’ x 132’ lot. The interior features a large open gathering area, multiple classrooms or meeting rooms, offices, restrooms, and support spaces. The flexible floor plan accommodates a variety of institutional or community-oriented uses. Recent improvements include resealed asphalt parking in 2021, along with updates to major building systems such as HVAC, roof, electrical, plumbing, and windows. The building also features waterline updates and roof improvements, and the structure has been maintained for continued occupancy. An adjacent lot to the west provides additional open space and flexibility for parking or outdoor use. Located within the Town of Kirklin in Clinton County, the property offers convenient access to Frankfort and Lebanon, serving the surrounding rural area. This property presents an opportunity to acquire a well-maintained institutional building with supporting land in a small-town setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Auto Repair Shop Kitchen & Bath Showroom Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirklin
    County
    Clinton
    State
    Indiana
    Longitude
    -86.354774
    Latitude
    40.190792

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    FAQs

    What type of property is this?
    Church & religious facility - Well-maintained church facility with flexible space and recent updates.
    Where is this church & religious facility located?
    The property is located at 420 E Pike St Kirklin, IN.
    What is the asking price?
    The asking price for this property is $380,010.
    What are key features of this property?
    This property features: Well‑maintained 3,392 sq ft building with recent updates to HVAC, roof, electrical, plumbing, and windows.; Flexible floor plan suitable for various institutional or community‑oriented uses.; Includes an adjacent lot providing additional open space and parking potential.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Annie Scott
    Real Estate License ID: IN
    Learn More
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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.

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