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    11653 In-67 Bicknell, IN 47512

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    11653 In-67 Bicknell, IN 47512

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    • Retail properties & Spaces
    • 1,946 SF
    • 0.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 11653 In-67

    Year built
    1949
    Lot size
    0.73 lot acres
    Property size
    1,946 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 1,946 square foot storefront property at 11653 State Road 67 in Bicknell, Indiana, presents a compelling investment opportunity. Located on a high-traffic section of State Highway 67, this vacant building boasts excellent visibility and accessibility. Built in 1949, the single-story brick structure features two offices, a waiting room, a receptionist area, and an attached storage/workshop space offering an additional potential 675 square feet. The property sits on a sizable 0.73-acre lot, providing ample space for expansion or outdoor activities. A three-bay lean-to with 10-foot ceilings and a two-car carport further enhance the property's functionality. The property is zoned A1 and has an APN of 42-08-17-300-002.000-018. The asking price is $149,900. Note that an existing business, operating for over 50 years, may be available for separate purchase. This location offers significant potential for a variety of retail ventures. Don't miss this chance to acquire a well-positioned commercial property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bicknell
    County
    Knox
    State
    Indiana
    Longitude
    -87.324
    Latitude
    38.7798

    Comparable in this City

    • Value Estimation by Request
      1,320 SF

      5723 Golf Crse Rd

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    • Value Estimation by Request
      3,164 SF

      221 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,164 SF
      221 Main St, Bicknell, IN 47512-2103
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    • Value Estimation
      $590,000
      8,232 SF

      7362 Russell Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,232 SF
      7362 Russell Dr, Bicknell, IN 47512-9666
      View Details
    • Value Estimation by Request
      2,220 SF

      202 11th St

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      202 11th St, Bicknell, IN 47512-1009
      View Details
    • Value Estimation by Request
      4,441 SF

      223 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,441 SF
      223 Main St, Bicknell, IN 47512-2103
      View Details
    • Value Estimation by Request
      2,240 SF

      404 Fremont St

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      404 Fremont St, Bicknell, IN 47512-1816
      View Details

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    • $40,000
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      Residential Land in Bicknell, Indiana

      Corner lot ready for new construction in Bicknell, Indiana.
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      Residential Lots in Bicknell, IN

      Corner lot ready for new construction in Bicknell, Indiana.
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    • $340,000
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      Commercial Building in Bicknell, IN

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    Bicknell, IN 47512
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    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
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