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    6 Copperfield Dr Georgetown, IN 47122
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    6 Copperfield Dr, Georgetown, IN 47122

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    • Retail properties & Spaces
    • 3.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6 Copperfield Dr

    Lot size
    3.19 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 3.19-acre commercial land parcel presents a compelling investment opportunity in Georgetown, Indiana. Located within the thriving Copperfield Commons Commercial Complex, this property boasts unparalleled visibility from State Road 64, experiencing over 16,000 vehicles daily. Its strategic location at the entrance of a nearly completed 170-home subdivision ensures consistent high traffic and strong potential for future growth. The land is zoned B-2, offering flexibility for a variety of commercial uses, including office, retail, retail-pad, and hospitality establishments. The parcel encompasses Lots 4, 5, and 6 on Copperfield Drive, Floyd County, Indiana, 47122. With a total asking price of $590,000, this translates to an attractive price per acre of $184,952. The property's prime location within one of Floyd County's fastest-growing areas makes it an ideal investment for developers and businesses seeking high visibility and access to a substantial consumer base. The APN is 22-02-03-200-314.000-003. This is a rare opportunity to acquire a significant commercial land holding in a rapidly expanding market. Don't miss out on this chance to secure a prime location for your next venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Floyd
    State
    Indiana
    Longitude
    -85.9456
    Latitude
    38.2974

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      6 Copperfield Dr

      Land
      6 Copperfield Dr, Georgetown, IN 47122
      View Details
    • Value Estimation by Request
      720 SF

      4985 Hwy 64th NE

      RETAIL STORES (PERSONAL SERVICES)
      4985 Hwy 64th NE, Georgetown, IN 47122-7520
      View Details
    • Value Estimation by Request
      2,344 SF

      9111 State Rd 64

      RETAIL STORES (PERSONAL SERVICES)
      9111 State Rd 64, Georgetown, IN 47122-8978
      View Details
    • Value Estimation by Request
      6,000 SF

      Knable Rd

      RETAIL STORES (PERSONAL SERVICES)
      Knable Rd, Georgetown, IN 47122
      View Details
    • Value Estimation
      $845,000
      8,640 SF

      8390 State Rd 64

      RETAIL STORES (PERSONAL SERVICES)
      8390 State Rd 64, Georgetown, IN 47122-9193
      View Details
    • Value Estimation by Request
      1,472 SF

      8255 State Rd 64

      RETAIL STORES (PERSONAL SERVICES)
      8255 State Rd 64, Georgetown, IN 47122-9056
      View Details

    Similar Nearby for Sale

    • $1,000,000
      Pending

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      Versatile Commercial Property on State Road

      Adaptable commercial space suitable for retail, warehouse, or entertainment.
      8368 State Road 64, Georgetown, IN 47122
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      Commercial Land Investment Opportunity

      3.187-acre commercial land with high visibility in growing area.
      Copperfield Dr, Georgetown, IN 47122
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      High Visibility Land I-64

      Land with high visibility along I-64 in Georgetown, Indiana.
      1320 W Knable Rd, Georgetown, IN 47122
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      Commercial Land with High Visibility

      3.19-acre commercial land with high traffic count.
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      Commercial Land on Copperfield Drive

      0.9964 acre commercial land with high traffic visibility.
      5 Copperfield Dr, Georgetown, IN 47122
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    Georgetown, IN 47122
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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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