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    4883 State Road 46 Nashville, IN 47448

    • Commercial real estate
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4883 State Road 46

    Year built
    1900
    Lot size
    0.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2750 square foot commercial building, situated on a 0.62-acre lot in Gnaw Bone, Indiana, presents a unique investment opportunity. Originally the Gnaw Bone Sorghum Mill, this property has undergone significant renovations, boasting a completely updated interior. Improvements completed in 2023 include a brand-new HVAC system and electrical panel, ensuring modern functionality and efficiency. The versatile layout includes a dedicated office space, a fully equipped commercial kitchen, a spacious showroom perfect for displaying products or services, three convenient bathrooms, and ample storage rooms. The building is zoned General Business, offering flexibility for a wide range of commercial uses. Imagine establishing a retail store, a professional office, a light industrial warehouse, or even a unique tourist-oriented rental property. Its prime location along heavily traveled State Road 46 East guarantees high visibility and easy access for customers. Convenient on-site parking is also available. Priced at $330,000, this property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a versatile and well-located commercial space. The property's address is 4883 E State Road 46, Nashville, IN.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Brown
    State
    Indiana
    Longitude
    -86.1573
    Latitude
    39.1903

    Comparable in this City

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      2444 Old State Rd

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      125 Van Buren St, Unit 2E

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    • Value Estimation
      $320,000
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      3288 State Rd 46th E

      COMMERCIAL (GENERAL) • 1,152 SF
      3288 State Rd 46th E, Nashville, IN 47448-8689
      View Details
    • Value Estimation
      $280,000
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      136 Van Buren St

      COMMERCIAL (GENERAL) • 2,880 SF
      136 Van Buren St, Nashville, IN 47448-7030
      View Details

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    4883 State Road 46
    Nashville, IN 47448
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    Realmo Value Estimation

    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.

    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.

    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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