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    Property profile & analytics

    400 Poplar St Terre Haute, IN 47807

    • Office Properties & Spaces
    For Lease
    View listing
    $186 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UAP & S Clinic LLC / Physician
    • Edward Jones - Financial Advisor: Tina Jacks / Financial Advisor
    • Pollyanna Sumansky / Physician

    Property Details for 400 Poplar St

    Year built
    1987
    Property type
    Office Properties & Spaces
    Property subtype
    Coworking space

    Description

    This exceptional 2100-square-foot coworking space is ideally situated in Terre Haute, Indiana's vibrant downtown business district at the corner of 4th and Poplar Streets, offering excellent visibility from 3rd Street. Built in 1987, this single-tenant office space, zoned C-5, features eight individual offices, a spacious reception area, and a dedicated conference room, making it perfect for a variety of professional uses, including law, medical, or insurance practices. The second-floor location is easily accessible via elevator and is handicap-accessible. Ample parking is available for tenants and clients. The current monthly base rent is $3,987. Additional costs include $5.78 per square foot for NNN expenses (taxes, insurance, and common area maintenance), which also covers all utilities. The property's current tenants include Culp Ventures LLC, Edward Jones, and Holbert Phipps LLP (a CPA firm), demonstrating its desirability and strong location. This is a rare opportunity to secure a well-established, versatile office space in a thriving 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
    -87.4124
    Latitude
    39.4637

    Comparable in this City

    • Value Estimation by Request
      4,960 SF

      125 8th St

      OFFICE (GENERAL) • 4,960 SF
      125 8th St, Terre Haute, IN 47807-3703
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    • Value Estimation
      $3,660,000
      34,379 SF

      1433 6th 12th St

      OFFICE (GENERAL) • 34,379 SF
      1433 6th 12th St, Terre Haute, IN 47807-1037
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    • Value Estimation by Request
      700 SF

      1649 Tippecanoe St

      OFFICE (GENERAL) • 700 SF
      1649 Tippecanoe St, Terre Haute, IN 47807-2345
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    • Value Estimation
      $1,700,000
      15,953 SF

      800 Ohio St

      OFFICE (GENERAL) • 15,953 SF
      800 Ohio St, Terre Haute, IN 47807-3720
      View Details
    • Value Estimation
      $6,835,000
      64,196 SF

      635 Wabash Ave

      OFFICE (GENERAL) • 64,196 SF
      635 Wabash Ave, Terre Haute, IN 47807
      View Details
    • Value Estimation
      $1,700,000
      28,080 SF

      686 Wabash Ave

      OFFICE (GENERAL) • 28,080 SF
      686 Wabash Ave, Terre Haute, IN 47807-3202
      View Details

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    Similar Nearby for Lease

    • $186 SF/Yr
      2,100 SF

      Downtown Terre Haute Coworking Space

      2100 sq ft Office, Prime Location
      400 Poplar St, Terre Haute, IN 47807
      View Details
    • $16 SF/Yr
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      Downtown Terre Haute Office Suite

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    • $2,625 /Mo

      Downtown Terre Haute Office Space

      Office space in the heart of Terre Haute's business district.
      400 Poplar St, Terre Haute, IN 47807
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      Downtown Terre Haute Office Space

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      Restaurant/Bar Space in Terre Haute

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    Terre Haute, IN 47807
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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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