Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    203 In-68 Haubstadt, IN 47639

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    203 In-68 Haubstadt, IN 47639

    View on Map
    • Office properties & Spaces
    • 1,440 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 203 In-68

    Year built
    1984
    Property size
    1,440 SF
    Property type
    Office properties & Spaces

    Description

    This 1,440 square foot office building, constructed in 1984, is situated at 203 W State Road 68 in Haubstadt, Indiana (APN: 25-19-31-303-000.103-009). The single-story building is priced at $154,900, or $107.57 per square foot. Previously used as a veterinary clinic, the property offers versatile space adaptable to various uses. Features include several exam rooms ideal for conversion into offices, a spacious reception area, and ample parking. The building boasts durable metal siding, minimizing maintenance needs. A former kennel area presents additional space for expansion or repurposing. Its convenient location off Highway 68, just a mile from Highway 41, ensures high visibility and accessibility, making it an attractive investment opportunity for businesses seeking a prominent location in Gibson County. The property is ready for immediate occupancy and offers significant potential for a variety of commercial ventures. The building's solid construction and prime location combine to create a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Haubstadt
    County
    Gibson
    State
    Indiana
    Longitude
    -87.5757
    Latitude
    38.2016

    Comparable in this City

    • Value Estimation by Request
      504 SF

      304 Gibson St

      OFFICE (GENERAL) • 504 SF
      304 Gibson St, Haubstadt, IN 47639-8203
      View Details
    • Value Estimation by Request
      1,404 SF

      104 State Rd 68

      OFFICE (GENERAL) • 1,404 SF
      104 State Rd 68, Haubstadt, IN 47639
      View Details
    • Value Estimation
      $650,000
      5,632 SF

      101 State Rd 68

      OFFICE (GENERAL) • 5,632 SF
      101 State Rd 68, Haubstadt, IN 47639-8840
      View Details
    • Value Estimation by Request
      1,379 SF

      517 1250th S

      OFFICE (GENERAL) • 1,379 SF
      517 1250th S, Haubstadt, IN 47639-8710
      View Details
    • Value Estimation by Request
      1,440 SF

      203 State Rte 68

      OFFICE (GENERAL) • 1,440 SF
      203 State Rte 68, Haubstadt, IN 47639-8145
      View Details
    • Value Estimation by Request
      1,106 SF

      121 Vine St

      OFFICE (GENERAL) • 1,106 SF
      121 Vine St, Haubstadt, IN 47639
      View Details

    Similar Nearby for Sale

    • $81,500
      1.63 Acres

      Residential Land in Southern Hills

      Land for new home construction in South Gibson County.
      3 Cr 925, Haubstadt, IN 47639
      View Details
    • $53,500
      Pending

      Residential Land in Southern Hills

      Residential land for new home construction in Haubstadt, Indiana.
      5 Cr 925, Haubstadt, IN 47639
      View Details
    • $108,888
      Pending

      Haubstadt Residential Land Opportunity

      2.274 acre residential lot in Warrenton, Indiana.
      000 S 200 E, Haubstadt, IN 47639
      View Details
    • $250,000
      0.15 Acres

      Haubstadt Retail Property For Sale

      Well-maintained brick building with open rooms and garage.
      119 S Vine St St, Haubstadt, IN 47639
      View Details
    • $66,000
      1.32 Acres

      Residential Land in Southern Hills

      Land for new home construction in desirable South Gibson County.
      1 Cr 925, Haubstadt, IN 47639
      View Details
    • $65,500
      1.31 Acres

      Residential Land in Southern Hills

      Land for new home construction in desirable South Gibson County.
      6 Cr 925, Haubstadt, IN 47639
      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.
    203 In-68
    Haubstadt, IN 47639
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!