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    0000 Margaret Dr Terre Haute, IN 47802

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0000 Margaret Dr

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 11+ acre industrial land parcel, totaling 488,743 square feet, presents a unique investment opportunity in a rapidly expanding area of Terre Haute, Indiana. Situated near the intersection of I-70 and SR 46, this strategically located property offers unparalleled access to major transportation arteries, connecting it to Indianapolis, Chicago, St. Louis, Louisville, and Cincinnati. The site benefits from its proximity to significant commercial developments, including the Terre Haute Casino Resort (owned by Churchill Downs), a Walmart Supercenter, Meijer, numerous restaurants, hotels, travel centers, apartment complexes, and distribution centers such as FedEx Ground and Clabber Girl. This high-traffic area provides excellent visibility and accessibility for a variety of potential uses. The property's zoning allows for a mixed-use development, encompassing retail, commercial, and residential possibilities. Vertical development is considered optimal given the site's size and location. Furthermore, the property is located within a Tax Increment Financing (TIF) District, potentially offering significant financial incentives for qualified projects. This presents a rare chance to acquire a substantial land holding in a thriving market with strong potential for significant return on investment. The asking price for this exceptional property is $4,700,000.

    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
    -87.4162
    Latitude
    39.4338

    Comparable in this City

    • Value Estimation by Request
      1.92 Acres

      4 Margaret Ave

      Land • 1,421 SF
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    • Value Estimation by Request
      1,074 SF

      4106 7Th St

      Specialty properties • 1,074 SF
      4106 7Th St, Terre Haute, IN 47802
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      1.00 Acre

      750 Johnson Dr

      Land • 1.00 Acre
      750 Johnson Dr, Terre Haute, IN 47802
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      113.39 Acres

      1 1St St

      Farms • 113.39 Acres
      1 1St St, Terre Haute, IN 47802
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    • Value Estimation by Request
      182.00 Acres

      Us Highway 41

      Land • 182.00 Acres
      0 Us Highway 41, Youngstown, IN 47802
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    • Value Estimation by Request
      1.20 Acres

      1730 Springhill Dr

      Land • 1.20 Acres
      1730 Springhill Dr, Terre Haute, IN 47802
      View Details

    Similar Nearby for Sale

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      Terre Haute Commercial Land Opportunity

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      Prime Terre Haute Commercial Land

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      Prime Terre Haute Land Investment

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      Prime Terre Haute Commercial Land

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    Similar Nearby for Lease

    • $1,900 /Mo
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      Versatile Commercial Space on US 41

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      Terre Haute Warehouse Space Available

      15,616 SF warehouse space with easy highway access.
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    • $4,500 /Mo
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      Versatile Commercial Space in Terre Haute

      New commercial building with office, warehouse, and flexible options.
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    • New
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      376,358 SF

      Commercial Land on US Hwy 41

      Prime commercial land for ground lease or build to suit.
      S Us Highway 41, Terre Haute, IN 47802
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    • $1,734 /Mo

      Retail/Service Space For Rent

      High-traffic location ideal for retail, restaurant, or office.
      688 E Springhill Dr, Terre Haute, IN 47802
      View Details
    • $2,700 /Mo
      22,651 SF

      Retail Space in High Traffic Area

      Retail space available in high-traffic Terre Haute location.
      501 Honey Creek Dr, Terre Haute, IN 47802
      View Details
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    0000 Margaret Dr
    Terre Haute, IN 47802
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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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