Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1404 South St Lebanon, IN 46052
    Back to Search
    Property profile & analytics

    1404 South St, Lebanon, IN 46052

    View on Map
    • Retail properties & Spaces
    • 12,759 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Backroads BBQ / Restaurant
    • Jerry's Truck & Trailer / Auto Repair Shop
    • J & J Muffler / Auto Repair Shop
    • Cross Fit 180 / Gym & Fitness Center
    • Gracie Jiu-Jitsu LebanonIN / Training Center / Sports School

    Property Details for 1404 South St

    Property type
    Retail properties & Spaces
    Property subtype
    Flex space

    Description

    This exceptional retail property, located at 1404 W South St in Lebanon, Indiana, 46052, offers a prime opportunity for businesses seeking a flexible and spacious location. The property is classified as Retail Flex, encompassing a total of 12,759 square feet, with 3,200 square feet currently available for lease. Situated in Boone County, this multi-tenant building benefits from high visibility and convenient access. The available space is ideal for a variety of retail uses, providing ample room for inventory, display, and customer interaction. The property's location in Lebanon, Indiana ensures a strong customer base and easy access to major transportation routes. The building's design allows for adaptability to suit diverse business needs. This is a fantastic chance to establish or expand your business in a thriving community. The property is ready for immediate occupancy. Interested parties are encouraged to inquire about lease terms and conditions. The property's address is 1404 West South Street, Lebanon, IN 46052. The latitude and longitude coordinates are 40.0470821, -86.483899 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Boone
    State
    Indiana
    Longitude
    -86.4839
    Latitude
    40.0471

    Comparable in this City

    • Value Estimation by Request
      1,563 SF

      217 Meridian St

      Flex space
      217 Meridian St, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      3,698 SF

      1360 In-32

      Restaurants
      1360 In-32, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      2.27 Acres

      825 375

      Land
      825 375, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      50,055 SF

      2423 Lebanon St

      Individual retail properties
      2423 Lebanon St, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      19,430 SF

      101 Meridian St

      Medical Office Space
      101 Meridian St, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      0.22 Acres

      440 Elm St

      INDUSTRIAL (GENERAL)
      440 Elm St, Lebanon, IN 46052-2416
      View Details

    Similar Nearby for Sale

    • New
      $489,900
      2,100 SF

      Versatile Commercial Property on State Road

      Commercial property with high visibility and flexible space.
      7984 W State Road 32, Lebanon, IN 46052
      View Details
    • Contact for pricing
      868 SF

      Retail Space on Heavily Traveled Street

      Retail space in high-traffic area near new field house.
      1223 Lebanon St S, Lebanon, IN 46052
      View Details
    • Contact for pricing

      Development Land Near Eli Lilly

      4.75+/- acres near planned developments in Lebanon, Indiana.
      3760 W 375 N, Lebanon, IN 46052
      View Details
    • $6,200,000
      57.00 Acres

      57 Acres Development Land Lebanon

      57 acres of prime development land in Boone County.
      4755 N 275 W, Lebanon, IN 46052
      View Details
    • Contact for pricing

      Boone County Land Opportunity

      2.65 acres near Eli Lilly development in Boone County.
      690 W State Road 47, Lebanon, IN 46052
      View Details
    • Contact for pricing

      Commercial Land Near I-65

      Two lots available near I-65 and Whitestown Parkway.
      780 S & 525 E, Whitestown, IN 46052
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      304 S Baldwin Ave, Unit 306

      Retail Space On Bypass
      304 S Baldwin Ave, Marion, IN 46052
      View Details
    • Contact for pricing

      Lebanon Industrial/Distribution Property

      Industrial/Distribution property located in Lebanon, Indiana.
      I-65 & Sr 39, Lebanon, IN 46052
      View Details
    • Contact for pricing
      168,480 SF

      Lebanon Industrial Space Available

      168,480 square foot industrial space for lease in Lebanon.
      3150 Couden Dr, Lebanon, IN 46052
      View Details
    • Contact for pricing
      200,000 SF

      Lebanon Industrial Property Available

      200,000 SF industrial space for rent in Lebanon, Indiana.
      I-65 & Sr 39, Lebanon, IN 46052
      View Details
    • Contact for pricing
      172,454 SF

      Whitestown Warehouse with 32' Clearance

      172,454 SF warehouse with 32 dock doors for lease.
      6350 Commerce Dr, Whitestown, IN 46052
      View Details
    • Contact for pricing
      9,840 SF

      Lebanon Warehouse with Excellent Access

      Warehouse space with convenient I-65 access and local management.
      953 Monument Dr, Lebanon, IN 46052
      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.
    1404 South St
    Lebanon, IN 46052
    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
    1404 South St, Lebanon, IN, 46052
    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!