Furnished Executive Office
For Sale
Contact for pricing
821 Mount Tabor Road, New Albany, IN 47150
Commercial, New Albany, IN
Property Size18,294 SF
Lot Size0.52 Acres
Price / SF$0.00
Days on Market141
Property Features for 821 Mount Tabor Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
220506200063002008
Size
18,294 SF
Lot size
0.52 Acres
Additional Details
Property Use
Executive Suites
Condition
Turnkey
Taxes and HOA fees
Tax Year
4051
Tax Description
62 ILL GNT 0.52 AC REAR MT. TABOR RD.
Tax Annual Amount
31321
Legal Description
62 ILL GNT 0.52 AC REAR MT. TABOR RD.
Amenities
reception area/lobby
private offices
conference rooms
training room
kitchenettes
restrooms
Building Details
Year built
1995
Number of units
1
Listing Agency:
Keller Williams Realty Consultants
(812) 944-7024
Listed By:
Brian Haeseley · License #RB14040159
(502) 269-6898
Added: Jun 17
Changed: Nov 1
Last Checked: Nov 4 at 1:06AM
MLS# 202609007
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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Investment Insights
Based on property information with market context.
This 18,294-square-foot office property, built in 1995, is configured as a furnished executive suite with existing wiring and immediate-use improvements. The layout includes a reception and lobby area, 13 private offices, three conference rooms, a training room, two kitchenettes, and two restrooms. Elevator access supports circulation throughout the space.
The property occupies 0.52 acres at 821 Mount Tabor Road in New Albany, Indiana, within ZIP Code 47150. Existing furniture, office infrastructure, and a completed interior configuration provide a functional setting for professional operations without requiring a new buildout.
The property occupies 0.52 acres at 821 Mount Tabor Road in New Albany, Indiana, within ZIP Code 47150. Existing furniture, office infrastructure, and a completed interior configuration provide a functional setting for professional operations without requiring a new buildout.
Key Highlights
- 18,294‑square‑foot office property built in 1995
- 13 private offices plus three conference rooms and a training room
- Furnished interior with existing wiring and reception/lobby area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,385
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,587,700
$4.6M
Cap Rate 7%
$3,276,929
$3.3M
Cap Rate 9%
$2,548,722
$2.5M
Market Conditions
NOI Build-Up for 18,294 SF
Gross rent
$395.2K $21.60/SF
− Vacancy
−$89.3K −$4.88/SF
EGI
$305.8K $16.72/SF
− OpEx
−$76.5K −$4.18/SF
NOI
$229.4K $12.54/SF
Area
Floyd County, IN
Vacancy
22.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,587,700
Cap Rate 7%
$3,276,929
Cap Rate 9%
$2,548,722
Alternative Uses
Best Use
Office B
$3.28M
$2.87M – $3.82M
NOI $229,385 @ 7.0% cap · market cap 1,911,541.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.22M
$11.57M – $15.43M
NOI $925,615 @ 7.0% cap · market cap 7,713,458.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
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Business Placement
Demographics for 47150, IN
49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Ready-to-use office configuration with private workrooms, meeting areas, kitchenettes, restrooms, and elevator access.
Where is this office unit located?
The property is located at 821 Mount Tabor Road New Albany, IN.
What are key features of this property?
This property features: 18,294‑square‑foot office property built in 1995; 13 private offices plus three conference rooms and a training room; Furnished interior with existing wiring and reception/lobby area
