Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7311 Highway 311 Sellersburg, IN 47172

    View on Map
    Claim this Listing
    For Sale
    $385,000

    LAND - Sellersburg, IN

    Lot size:
    1.00 Acre
    Added:
    Aug 28, 2025
    Days on Market:
    242
    Last Refresh:
    Apr 26 at 11:06 am

    Property Features for 7311 Highway 311

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    101708800125000031
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    4049
    Tax Description
    GT 88 1 AC
    Tax Annual Amount
    2740

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    David B Bauer
    David B Bauer

    Listing agent David B Bauer License #RB14014626

    Listing office Schuler Bauer Real Estate Services ERA Powered (N 4206 Charlestown Road, # 200, New Albany, IN

    Listing date Aug 28, 2025

    MLS# 2025010701 Listing URL

    Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sellersburg Commercial Land For Sale

    This property, located in Sellersburg, Indiana, is zoned for commercial use and offers commercial potential. The property is approximately 1 acre in size. It is situated within 1/4 mile of the intersection of State Highway 311 and State Highway 60 in Hamburg, and is proximate to Interstate 65 at Exit 7 (Hamburg Exit). Nearby commercial properties include Auto Zone, Tractor Supply Company, and Red Umbrella Roofing. The location offers great traffic, visibility, and access, and is near many residential subdivisions. The most likely use for this property is business retail, office, or services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.771142
    Latitude
    38.377867

    Nearby Similar for Sale

    • $385,000

      Sellersburg Commercial Land For Sale

      Commercial land with potential for retail, office, or services.
      7315 Highway 311, Sellersburg, IN 47172
      View Details
    • $385,000

      Commercial Land on Highway 311

      Commercial land with frontage on State Highway 311.
      7307 Highway 311, Sellersburg, IN 47172
      View Details
    • $174,999

      Sellersburg Land Ready to Build

      4.75 acres in Sellersburg, ready for your dream home.
      Highway 60, Sellersburg, IN 47172
      View Details
    • $495,000

      Commercial Lot in Growing Area

      Vacant commercial lot in Sellersburg, great location for development.
      7121 Highway 311 lot: 3, Sellersburg, IN 47172
      View Details
    • $395,000

      Commercial Lot in Growing Area

      Vacant commercial lot in fast growing Sellersburg area.
      7213 Highway 311 lot: 4, Sellersburg, IN 47172
      View Details
    • $100,000

      Corner Lot with B3 Zoning

      Corner lot with B3 zoning at Highway 31 and Lincoln.
      158 Indiana Ave, Sellersburg, IN
      View Details
    • $385,000
      43,560 SF

      Commercial Land with Highway Access

      Commercial land near major highways, suitable for retail or office.
      7315 Highway 311, Sellersburg, IN 47172
      View Details
    • $1,600,000
      7,500 SF

      Industrial Property with Penske Lease

      Industrial property with existing Penske lease and additional land.
      1234 Bringham Dr, Sellersburg, IN
      View Details
    • $2,500,000

      Rare 30 Acres Development Opportunity

      30 acres near I-65, suitable for various commercial developments.
      115 Enterprise Way, Sellersburg, IN
      View Details
    • $1.00
      9,950 SF

      Sellersburg Industrial Park Commercial Property

      Like-new industrial building with office and warehouse space for sale.
      5040 Progress Way, Sellersburg, IN 47172
      View Details
    • $475,000

      Highway 31 Commercial Development Potential

      Land with commercial development and recreational use potential.
      Highway 31, Sellersburg, IN 47172
      View Details
    • $600,000

      Highway 311 Development Site

      1.46 acre commercial land for sale on Highway 311.
      6705 Hwy 311, Sellersburg, IN 47172
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with potential for retail, office, or service use.
    Where is this commercial land located?
    The property is located at 7311 Highway 311 Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Prime commercial zoning and potential.; Excellent location near State Highway 311 and State Highway 60 intersection.; Proximity to Interstate 65 (Exit 7).
    (812) 948-2888
    We can help!
    Listing Contact
    David B Bauer
    David B Bauer
    Real Estate License ID: RB14014626
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!