New
For Sale
$265,000
7904 Highway 311, Sellersburg, IN 47172
Commercial, Sellersburg, IN
Property Size1,983 SF
Lot Size0.94 Acres
Price / SF$133.64
Days on Market5
Property Features for 7904 Highway 311
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Charlestown Rd. towards Sellersburg - turns into 311 through SR 60 intersection property on the right
Standard status
Active
APN
09000070620
Size
1,983 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Year
4051
Tax Description
GT 108 0.94 AC
Tax Annual Amount
1119
Legal Description
GT 108 0.94 AC
Building Details
Year built
1965
Listing Agency:
Schuler Bauer Real Estate Services ERA Powered (N · ERA Real Estate
Listed By:
Matt Lincoln
(812) 948-2888
Added: Oct 20
Last Checked: Oct 24 at 7:06AM
MLS# 2026011611
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.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,902
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,040
$418.0K
Cap Rate 7%
$298,600
$298.6K
Cap Rate 9%
$232,244
$232.2K
Market Conditions
NOI Build-Up for 1,983 SF
Gross rent
$40.2K $20.28/SF
− Vacancy
−$2.2K −$1.12/SF
EGI
$38.0K $19.16/SF
− OpEx
−$17.1K −$8.62/SF
NOI
$20.9K $10.54/SF
Area
Clark County, IN
Vacancy
5.50%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,040
Cap Rate 7%
$298,600
Cap Rate 9%
$232,244
Alternative Uses
Best Use
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,902 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.5K
$504.5K – $672.6K
NOI $40,358 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
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Business Placement
Demographics for 47172, IN
19,821
Population
8,537
Households
2.3
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
816
Density / Sq Mi
$80,525
Median Household Income
$48,560
Median Earnings
$1,152
Median Rent
$249,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this single family property located?
The property is located at 7904 Highway 311 Sellersburg, IN.
What is the asking price?
The asking price for this property is $265,000.
