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    821 Mount Tabor Rd New Albany, IN 47150

    Sponsored
    For Lease
    $14 SF/Yr

    Prime New Albany office building, flexible suites available.

    Lot size:
    21,534 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story office building, located at 821 Mt. Tabor Rd in New Albany, Indiana, presents a unique investment or leasing opportunity. The property boasts a total of 21,534 square feet, situated on a 0.38-acre lot (16,606 square feet). Built in 2000, this Class C building features two suites, with a minimum divisible space of 2,231 square feet and a maximum contiguous space of 3,312 square feet. Currently, 5,543 square feet are vacant, offering significant potential for expansion or customization. The building's convenient location, just off Grant Line Road and I-265, provides easy access to major transportation routes. The interior has undergone significant renovations in recent years, and the property has been meticulously maintained. Zoned for commercial use, this property is ideal for businesses seeking a high-quality, well-maintained office space in a desirable location. The flexible layout allows for various configurations, accommodating tenants needing anywhere from approximately 2,231 to 3,312 square feet. The property is available for sale or lease. Floyd County zoning applies.

    Property Features for 821 Mount Tabor Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,534 SF
    Class
    C
    Total Rate
    26020.25

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 201
    Size
    2,231 SF
    Rate per SF
    $16
    Space
    Suite 202
    Size
    3,312 SF
    Rate per SF
    $16

    HighLights

    • Exceptional three‑story, 21,534 SF office building in New Albany, IN.
    • Situated on a 0.38‑acre lot, built in 2000.
    • Features two suites, with divisible space from 2,231 SF to a maximum contiguous 3,312 SF.
    • Currently, 5,543 SF of vacant space is available.
    • Convenient location near Grant Line Road and I‑265, with recent renovations and meticulous maintenance.
    • Zoned commercial, available for sale or lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mildred I. Carney, ... Counselor Associates in Pediatric Therapy- ... Pediatric Clinic Planet Home Lending, ... Mortgage Lender McGehee Judith F ... Accountant Ms. Cheryl Neal Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8158675
    Latitude
    38.3322229

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    FAQs

    What type of property is this?
    Office Property / Space - Prime New Albany office building, flexible suites available.
    Where is this office property / space located?
    The property is located at 821 Mount Tabor Rd New Albany, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Exceptional three-story, 21,534 SF office building in New Albany, IN.; Situated on a 0.38-acre lot, built in 2000.; Features two suites, with divisible space from 2,231 SF to a maximum contiguous 3,312 SF.
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    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
    821 Mount Tabor Rd New Albany, IN 47150
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