Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6543 In-42 Terre Haute, IN 47803
    Back to Search
    Property profile & analytics

    6543 In-42, Terre Haute, IN 47803

    View on Map
    • Land
    • 3.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6543 In-42

    Lot size
    3.15 lot acres
    Property type
    Land

    Description

    This exceptional 3.15-acre commercial land parcel presents a unique investment opportunity in Terre Haute, Indiana. Located on the east side of the city, the property boasts excellent visibility and accessibility with direct frontage on State Road 42, placing it conveniently near the Terre Haute Regional Airport. Its strategic location also benefits from proximity to the expanding retail corridor along Highways 46 and 40, ensuring high traffic volume and potential customer base. Furthermore, easy access to Interstate 70 provides seamless connectivity to regional and national transportation networks. The property is zoned Commercial C-5, allowing for a wide range of development possibilities, including warehouses, service centers, or office buildings. This versatile parcel offers significant potential for investors seeking to capitalize on Terre Haute's growing commercial market. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving area. The parcel's APN is 84-07-29-200-007.000-009. The asking price for this prime commercial land is $450,000. Don't miss this chance to acquire a highly desirable piece of commercial real estate in a rapidly developing 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
    -87.3158
    Latitude
    39.4628

    Comparable in this City

    • Value Estimation by Request
      36.83 Acres

      Hulman St

      Land
      0 Hulman St, Terre Haute, IN 47803
      View Details
    • Value Estimation by Request
      0.66 Acres

      3235 Wabash Ave

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

      4051 Margaret Ave

      Land
      4051 Margaret Ave, Terre Haute, IN 47803
      View Details
    • Value Estimation by Request
      0.23 Acres

      2900 Wabash Ave

      COMMERCIAL (GENERAL)
      2900 Wabash Ave, Terre Haute, IN 47803
      View Details
    • Value Estimation by Request
      3.32 Acres

      301 Home Ave

      COMMERCIAL (GENERAL)
      301 Home Ave, Terre Haute, IN 47803-1202
      View Details
    • Value Estimation by Request
      3,047 SF

      2101 Hulman St

      COMMERCIAL (GENERAL)
      2101 Hulman St, Terre Haute, IN 47803-3631
      View Details

    Similar Nearby for Sale

    • $129,900
      1.71 Acres

      Prime Terre Haute Commercial Land

      1.71 Acres, High-Traffic Location
      4355 Wabash Ave, Terre Haute, IN 47803
      View Details
    • $2,500,000
      36.83 Acres

      Hulman Street Development Land

      37 Acres near Terre Haute Airport
      0 Hulman St, Terre Haute, IN 47803
      View Details
    • $55,800
      0.66 Acres

      Residential Lot in Hawthorn Woods

      0.66 acre lot in desirable Terre Haute subdivision.
      6214 Woodhill Ln, Terre Haute, IN 47803
      View Details
    • $76,000
      0.92 Acres

      Residential Land in Terre Haute

      Large residential lot available in a sought-after community.
      287 Kensington Ct, Terre Haute, IN 47803
      View Details
    • $62,100
      0.45 Acres

      Residential Lot in Hawthorn Woods

      Residential lot in desired Eastside Hawthorn Woods Subdivision.
      2517 Birchwood Ln, Terre Haute, IN 47803
      View Details
    • $52,200
      0.44 Acres

      Residential Lot in Terre Haute

      0.44 acre lot in Hawthorn Woods Subdivision.
      6220 Woodhill Ln, Terre Haute, IN 47803
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      130,680 SF

      Commercial Land Near Walmart

      Commercial land available for rent near Walmart in Terre Haute.
      E Bill Farr Dr, Terre Haute, IN 47803
      View Details
    • Contact for pricing

      Prime Commercial Outlot Opportunity

      0.66 AC outlot in front of Rural King.
      3235 Wabash Ave, Terre Haute, IN 47803
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space Near Indiana State

      Retail units suitable for various businesses near Indiana State University.
      2550-2720 Wabash Ave, Terre Haute, IN 47803
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity with high visibility and customer traffic.
      5600 New Margaret Dr, Terre Haute, IN 47803
      View Details
    • $1,400 /Mo

      Office Space For Rent

      Commercial office space available for rent in Terre Haute.
      60 N Brown Ave, Terre Haute, IN 47803
      View Details
    • Contact for pricing
      1,791 SF

      Retail Space Near Indiana State

      Retail property near Indiana State University and Rose-Hulman Institute.
      2512-2520 Wabash Ave, Terre Haute, IN 47803
      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.
    6543 In-42
    Terre Haute, IN 47803
    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
    6543 In-42, Terre Haute, IN, 47803
    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!