Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    403 Wabash Ave Terre Haute, IN 47807
    Back to Search
    Property profile & analytics

    403 Wabash Ave, Terre Haute, IN 47807

    View on Map
    • Office Spaces
    • 6,706 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Selected Insurance Indiana / Insurance Agency

    Property Details for 403 Wabash Ave

    Year built
    2001
    Property type
    Office Spaces

    Description

    This exceptional 2,514 square foot office suite is ideally situated in the heart of downtown Terre Haute, at the corner of Wabash and 4th Street. The single-tenant space is located within a well-maintained, one-story building constructed in 2001, offering excellent visibility and accessibility. The building boasts a total of 6,706 square feet, with ample parking provided by 30 spaces. This prime location offers unparalleled convenience, with easy walking access to a variety of restaurants, services, and Indiana State University (ISU). The property is zoned C-9, reflecting its suitability for commercial use. The suite itself presents a fantastic opportunity for businesses seeking a prominent downtown presence. With 2,514 square feet of vacant space, this property is ready for immediate occupancy. The building's excellent condition and desirable location make this an exceptional investment opportunity for businesses seeking a thriving downtown Terre Haute address. The combination of ample parking, high visibility, and proximity to key amenities makes this suite a truly attractive option. Don't miss this chance to secure a prime office space in a vibrant and growing downtown area.

    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
    -87.4123
    Latitude
    39.4665

    Comparable in this City

    • Value Estimation
      $5,940,000
      91,069 SF

      420 Ctr St

      OFFICE (GENERAL)
      420 Ctr St, Terre Haute, IN 47807-4436
      View Details
    • Value Estimation by Request
      4,698 SF

      425 4th St

      OFFICE (GENERAL)
      425 4th St, Terre Haute, IN 47807-4301
      View Details
    • Value Estimation by Request
      1,808 SF

      110 13th St

      OFFICE (GENERAL)
      110 13th St, Terre Haute, IN 47807-3910
      View Details
    • Value Estimation
      $3,670,000
      60,738 SF

      453 6th 12th St

      OFFICE (GENERAL)
      453 6th 12th St, Terre Haute, IN 47807
      View Details
    • Value Estimation by Request
      4,694 SF

      11 Cherry St

      OFFICE (GENERAL)
      11 Cherry St, Terre Haute, IN 47807-2942
      View Details
    • Value Estimation
      $1,695,000
      28,000 SF

      539 4th St

      OFFICE (GENERAL)
      539 4th St, Terre Haute, IN 47807-1046
      View Details

    Similar Nearby for Sale

    • $259,900
      10,000 SF

      Commercial Warehouse with Office Space

      Warehouse with office space for sale or lease.
      131 N 10Th 1/2 St, Terre Haute, IN 47807
      View Details
    • $299,000
      0.17 Acres

      Historical Downtown Office Building

      Historical building in downtown business district with off-street parking.
      219 Ohio St, Terre Haute, IN 47807
      View Details
    • $195,000
      4,288 SF

      Downtown Commercial Corner Location

      High-visibility commercial building in downtown Terre Haute.
      33 S 6Th St, Terre Haute, IN 47807
      View Details
    • $1,008,000

      Wabash Avenue Office Building For Sale

      NNN leased office building with options and additional parking.
      1605 Wabash Ave, Terre Haute, IN 47807
      View Details
    • Contact for pricing

      182 Acres Prime Commercial Land

      182 acres of commercial land at bypass 641 exit.
      S Us Highway 41, Terre Haute, IN 47807
      View Details
    • $400,000

      Historic Theater Near Convention Center

      1,400-seat theater near convention center with adaptive reuse potential.
      727 Ohio St, Terre Haute, IN 47807
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Downtown Terre Haute Office Space

      Professional office space in downtown Terre Haute with ample parking.
      401 Ohio St, Terre Haute, IN 47807
      View Details
    • $1,400 /Mo
      7,841 SF

      Remodeled Commercial Space For Rent

      Remodeled commercial space suitable for salon, office, retail, or service.
      2022 Wabash Ave, Terre Haute, IN 47807
      View Details
    • $6,688 /Mo
      8,276 SF

      Remodeled Downtown Office Spaces

      Remodeled office spaces in prime downtown location for lease.
      635 Ohio St, Terre Haute, IN 47807
      View Details
    • $2,600 /Mo

      Office Space Near Downtown

      Professional office space near downtown and Meadows Shopping Center.
      1318 Ohio St, Terre Haute, IN 47807
      View Details
    • $17 SF/Yr
      19,602 SF

      Premier Office Space in Terre Haute

      Highly visible office space in downtown Terre Haute for rent.
      401-403 Wabash Ave, Terre Haute, IN 47807
      View Details
    • Contact for pricing
      4,600 SF

      Retail End Cap with Patio

      Mixed-use retail and student housing complex near ISU campus.
      500 Wabash Ave, Terre Haute, IN 47807
      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.
    403 Wabash Ave
    Terre Haute, IN 47807
    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
    403 Wabash Ave, Terre Haute, IN, 47807
    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!