Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1090 Copperfield Dr Georgetown, IN 47122

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1090 Copperfield Dr Georgetown, IN 47122

    View on Map
    • Investment properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gracie Jiu Jitsu of Indiana / Training Center / Sports School

    Property Details for 1090 Copperfield Dr

    Year built
    2006
    Property type
    Investment properties

    Description

    This exceptional 3,000 square foot commercial space is ideally situated in the heart of a Georgetown building, boasting excellent visibility and accessibility. Currently available for lease, this unit presents a unique opportunity for a variety of businesses. Its open-concept design makes it particularly well-suited for uses such as fitness centers, martial arts studios, or gymnastics facilities. The landlord is committed to customizing the space to meet the specific needs of the tenant, offering a flexible and adaptable environment. The lease rate is $10 per square foot, with an additional $2.50 per square foot for Common Area Maintenance (CAM). This CAM charge encompasses a comprehensive range of services, including insurance coverage for the property, property taxes, reliable dumpster service, professional landscaping maintenance, fire sprinkler system monitoring, efficient snow removal during winter months, and essential utilities. The building's central location and the landlord's willingness to collaborate on build-outs make this a truly exceptional opportunity for a business seeking a prominent and functional space in Georgetown. The property is offered at a competitive rate and includes a wide array of services within the CAM fee, minimizing additional operational costs for the tenant. This is a rare chance to secure a well-located, adaptable space with a landlord dedicated to tenant satisfaction.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Floyd
    State
    Indiana
    Longitude
    -85.947
    Latitude
    38.2955

    Comparable in this City

    • Value Estimation by Request
      6.79 Acres

      1320 Knable Rd

      Investment properties • 6.79 Acres
      1320 Knable Rd, Georgetown, IN 47122
      View Details
    • Value Estimation by Request
      3,808 SF

      State Rd 64

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,808 SF
      State Rd 64, Georgetown, IN 47122
      View Details
    • Value Estimation by Request
      2,856 SF

      State Rd 64

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,856 SF
      State Rd 64, Georgetown, IN 47122
      View Details
    • Value Estimation by Request
      0.16 Acres

      Caroyln Ave

      VACANT COMMERCIAL LAND • 0.16 Acres
      Caroyln Ave, Georgetown, IN 47122
      View Details
    • Value Estimation by Request
      1.30 Acres

      Kepley Rd

      COMMERCIAL (GENERAL) • 1.30 Acres
      Kepley Rd, Georgetown, IN 47122
      View Details
    • Value Estimation by Request
      0.09 Acres

      State Rd 64

      VACANT COMMERCIAL LAND • 0.09 Acres
      State Rd 64, Georgetown, IN 47122
      View Details

    Similar Nearby for Sale

    • $270,000

      High Visibility Land I-64

      Land with high visibility along I-64 in Georgetown, Indiana.
      1320 W Knable Rd, Georgetown, IN 47122
      View Details
    • Contact for pricing
      1,639 SF

      Georgetown Home with Acreage & Barn

      Two-bedroom home on five acres with detached garage and pole barn.
      6875 Wolfe Rd NE, Georgetown, IN 47122
      View Details
    • Contact for pricing

      Commercial Land Investment Opportunity

      3.187-acre commercial land with high visibility in growing area.
      Copperfield Dr, Georgetown, IN 47122
      View Details
    • Contact for pricing
      3,278 SF

      Secluded Farm with Development Potential

      Farm with horse barn, pole barn, and development potential.
      6312 Highway 64 NE, Georgetown, IN 47122
      View Details
    • Contact for pricing

      Versatile Commercial Property on State Road

      Adaptable commercial space suitable for retail, warehouse, or entertainment.
      8368 State Road 64, Georgetown, IN 47122
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      3,000 sq ft unit suitable for various businesses.
      1090 Copperfield Dr, Georgetown, IN 47122
      View Details
    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.
    1090 Copperfield Dr
    Georgetown, IN 47122
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!