Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1900 Ohio St Martinsville, IN 46151

    For Sale
    $3,450,000

    High-Yield Indiana Pharmacy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 14,525 square foot Walgreens, situated at 1900 S Ohio St, Martinsville, IN 46151. The property boasts a 100% occupancy rate with a strong franchisee tenant under an absolute NNN lease, ensuring minimal landlord responsibilities. The asking price is $3,450,000, offering a compelling 9.42% capitalization rate. Strategically located directly off Highway I-69, this property benefits from high visibility and convenient access. Its prime location also provides easy access to both Indianapolis (approximately 20 minutes north) and Bloomington (approximately 20 minutes south), ensuring a robust customer base. The single-building property is classified as retail and specifically as a pharmacy/drug store. This is a rare opportunity to acquire a stable, high-yielding investment in a desirable location with a nationally recognized tenant. The property's strong performance and favorable lease terms make it an attractive addition to any investment portfolio. The property is located in Morgan County, Indiana.

    Property Features for 1900 Ohio St

    General Information

    Property type
    Individual retail properties

    Building Details

    Buildings
    1

    HighLights

    • $3,450,000 asking price for a Walgreens retail property.
    • Absolute NNN lease.
    • 9.42% cap rate.
    • 14,525 square feet.
    • 100% occupancy.
    • Located at 1900 S Ohio St, Martinsville, IN 46151.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.424219227362
    Latitude
    39.40838901704

    Nearby Similar for Sale

    • $449,900
      1,432 SF

      Prime Commercial Corner Lot

      High-visibility corner lot with immediate I-69 access in Martinsville.
      9393 N Waverly Park Rd, Martinsville, IN 46151
      View Details
    • $229,900
      0.20 Acres

      Martinsville Office/Showroom with Development Potential

      Prime location office space in developing Martinsville, near I-69.
      610 E Morgan St, Martinsville, IN 46151
      View Details
    • $435,000
      5,934 SF

      Updated Retail Building in Downtown

      Updated commercial building in revitalized downtown Martinsville, Indiana.
      159 N Main St, Martinsville, IN 46151
      View Details
    • $229,900
      1,390 SF

      Martinsville Office Ready for Business

      Turn-key office space in high-traffic area near I-69.
      610 E Morgan St, Martinsville, IN 46151
      View Details
    • $75,000
      0.63 Acres

      Retail Opportunity in Martinsville, IN

      Retail property available for sale in Martinsville, Indiana.
      2119 E Morgan St, Martinsville, IN 46151
      View Details
    • $380,000
      2,580 SF

      Corner Lot Mixed-Use Building

      High-visibility corner lot suitable for retail, office, or auto businesses.
      709 Morton Ave, Martinsville, IN 46151
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-Yield Indiana Pharmacy
    Where is this individual retail property located?
    The property is located at 1900 Ohio St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: $3,450,000 asking price for a Walgreens retail property.; Absolute NNN lease.; 9.42% cap rate.
    Request Owner's contact information
    1900 Ohio St Martinsville, IN 46151
    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.
    1900 Ohio St
    Martinsville, IN 46151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1900 Ohio St Martinsville, IN 46151
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.