Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Business on 15 Acres Title is generated by Realmo AI

    3100 Clifty Drive, Madison, IN 47250

    View on Map
    Claim this Listing
    For Sale
    $2,500,000

    Turn-key business opportunity with inventory and living quarters included.

    Type:Retail
    Lot size:
    15.00 Acres
    Added:
    Aug 27, 2023
    Days on Market:
    1015
    Last Refresh:
    May 13 at 8:04 pm

    Property Features for 3100 Clifty Drive

    General Information

    Standard status
    Active
    Lot size
    15.00 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    John Harrell

    Listing agent John Harrell

    Listing office Coldwell Banker Harrell & Asso

    Listing date Aug 27, 2023

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Harrell & Asso

    HighLights

    • Established business included in sale
    • Over $1,000,000 in inventory included
    • 15 acres of prime real estate
    • Updated 2 bedroom, 1 bath apartment
    • 10+ acres of woods
    • 25 parking spaces

    Overview

    This property offers a rare opportunity to own 15 acres of prime real estate with an established business. The sale includes a complete turn-key operation with over $1,000,000 in inventory. The property features an updated two-bedroom, one-bath apartment with a large living room and kitchen. Over 10 acres of the property are wooded.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anderson Hardware Building Supply Social Security Buddies Community Center

    Suggested Use

    Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Storage Facility HVAC Service Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.4186
    Latitude
    38.7969

    Nearby Similar for Sale

    • $459,000
      1,300 SF

      Restored Log Cabin Retreat

      Authentic 19th-century log home on 30 acres in Madison, Indiana.
      2945 N Greenbrier Rd., Madison, IN 47250
      View Details
    • $350,000

      Madison, Indiana Mobile Home Park

      Value-add mobile home park with single-family home and garage.
      3471 West Pin Oak Court, Madison, IN 47250
      View Details
    • $525,000
      6,750 SF

      Versatile Commercial Building on Clifty Drive

      6,750 sq ft building on 1.04 acres with income potential.
      2929 Clifty Dr, Madison, IN 47250
      View Details
    • $224,900

      Adaptable Commercial Building on Hilltop

      Versatile commercial building with Local Business zoning in Madison, IN.
      1402 Bear Street, Madison, IN 47250
      View Details
    • $2,000,000
      682 SF

      Scooter’s Coffee NNN Asset

      682 SF Scooter’s Coffee in Madison, IN For Sale.
      335 Clifty Dr, Madison, IN
      View Details
    • $350,000

      Mobile Home Park Investment Opportunity

      Mobile home park with single-family home in Madison, Indiana.
      3471 Pin Oak Ct, Madison, IN 47250
      View Details
    • $200,000

      Residential Duplex in Madison, Indiana

      Residential duplex with income potential in Madison, Indiana.
      1820 Meridian St, Madison, IN 47250
      View Details
    • $1,008,000
      1,500 SF

      Low Rent Circle K

      Circle K retail property for sale with low rent.
      115 Clifty Dr, Madison, IN 47250
      View Details
    • $239,000
      2,041 SF

      A-Frame Retreat with Valley Views

      Charming A-frame retreat with valley views near Madison, Indiana.
      1921 E Sr 250, Madison, IN 47250
      View Details
    • $239,900

      Commercial Space on Clifty Drive

      High-traffic location with income potential on Clifty Drive.
      202 Clifty Drive, Madison, IN 47250
      View Details
    • $895,000
      17,986 SF

      Historic Downtown Multi-Use Building

      Commercial space in historic downtown Madison, Indiana. Real estate only.
      301 West Street, Madison, IN 47250
      View Details
    • $215,000

      Former Medical Office Ready to Use

      Adaptable commercial space, formerly medical office, convenient location.
      3400 W Sr 56, Madison, IN 47250
      View Details

    FAQs

    What type of property is this?
    Retail property - Turn-key business opportunity with inventory and living quarters included.
    Where is this retail property located?
    The property is located at 3100 Clifty Drive Madison, IN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Established business included in sale; Over $1,000,000 in inventory included; 15 acres of prime real estate
    (812) 265-3000
    We can help!
    Listing Contact
    John Harrell
    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

    Thank You for Inquiry
    3100 Clifty Drive, Madison, IN 47250
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!