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    2800 Poplar St Terre Haute, IN 47803

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    2800 Poplar St Terre Haute, IN 47803

    View on Map
    • Lifestyle centers
    • 194,233 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parsons Corporation / Engineer
    • Antiques at the Meadows / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Tribune-Star Publishing Co Inc / Publishing House / Newspaper & Magazine
    • Country Cabin / (Bike/Boat/Book/etc) Store
    • Meadows Cafe' / Cafe & Coffee Shop

    Property Details for 2800 Poplar St

    Property size
    194,233 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    The Meadows Shopping Center, located at 2800 Poplar St, Terre Haute, IN 47803, offers a unique investment opportunity in a thriving retail and office environment. This 194,233 square foot shopping center sits on a 1.32-acre lot in Vigo County and boasts a diverse tenant mix including Baesler's Market, Ace Hardware, First Financial Bank, Ivy Tech, MCL, and Dollar General. Currently, there are 14 available spaces ranging from a minimum of 208 square feet to a maximum contiguous space of 9,423 square feet, with a total of 33,287 square feet currently vacant. The property's strategic location provides easy access to Indiana State University and downtown Terre Haute, benefiting from a dense population of over 55,000 people within a 3-mile radius and strong daytime traffic counts. The property is classified as Retail and Office, with a subtype of Executive Office and Shopping Center, and features multiple tenancies. This presents a compelling opportunity for businesses seeking high-visibility locations within a well-established and successful shopping center. The flexible space options cater to a wide range of business needs, making this a versatile and attractive investment. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.376
    Latitude
    39.4642

    Comparable in this City

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      $1,660,000
      48,360 SF

      2139 State Rd 46

      SHOPPING CENTER, STRIP CENTER • 48,360 SF
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    • Value Estimation
      $4,630,000
      7,876 SF

      5510 New Margaret Dr

      SHOPPING CENTER, STRIP CENTER • 7,876 SF
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    • Value Estimation by Request
      5,232 SF

      101 Fruitridge Ave

      SHOPPING CENTER, STRIP CENTER • 5,232 SF
      101 Fruitridge Ave, Terre Haute, IN 47803-1643
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    • Value Estimation by Request
      3,941 SF

      3801 Wabash Ave

      SHOPPING CENTER, STRIP CENTER • 3,941 SF
      3801 Wabash Ave, Terre Haute, IN 47803-1611
      View Details
    • Value Estimation by Request
      0.66 Acres

      3235 Wabash Ave

      Land • 0.66 Acres
      3235 Wabash Ave, Terre Haute, IN 47803
      View Details
    • Value Estimation by Request
      969 SF

      5600 New Margaret Dr

      Retail properties & Spaces • 969 SF
      5600 New Margaret Dr, Terre Haute, IN 47803
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Terre Haute Retail/Office Space

      Centrally located retail and office spaces with high traffic.
      2800 Poplar St, Terre Haute, IN 47803
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    • $1,400 /Mo

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    Terre Haute, IN 47803
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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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