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    113 Hunter Station Way Sellersburg, IN 47172
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    113 Hunter Station Way, Sellersburg, IN 47172

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    • Retail properties & Spaces
    • 2,798 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 113 Hunter Station Way

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 2,798 square foot commercial property, located at 113 Hunter Station Way in Sellersburg, Indiana, presents a unique opportunity for a variety of businesses. Currently vacant, this single-tenant space is zoned commercial and offers significant flexibility. Previously utilized as a medical office, the layout is easily adaptable to suit diverse needs, including coworking spaces, high-tech firms, or other office-based enterprises. The building is part of a retail center experiencing high traffic volume, providing excellent visibility and accessibility. Ample parking is available for tenants and clients. The property features a total of 2,798 square feet of usable space, all currently available. The Clark County location, with a zip code of 47172, offers convenient access to local amenities and transportation routes. The property's APN is 102610800471000040. This is an ideal space for businesses seeking a well-located, adaptable, and readily available office solution in a thriving retail environment. The property type is classified as Retail and Office, with subtypes including Coworking, Medical Office, Commercial, Governmental, High-Tech, Flex Space, and Office Building. This versatile space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.7721
    Latitude
    38.3828

    Comparable in this City

    • Value Estimation by Request
      40,000 SF

      11515 Us-31

      Office Units
      11515 Us-31, Sellersburg, IN 47172
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    • Value Estimation by Request
      8.40 Acres

      Cp Run Pkwy

      Individual retail properties
      0 Cp Run Pkwy, Sellersburg, IN 47172
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    • Value Estimation by Request

      7600 In-60

      Restaurants
      7600 In-60, Sellersburg, IN 47172
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    • Value Estimation by Request
      4,692 SF

      300 Hunter Station Way

      Restaurants
      300 Hunter Station Way, Sellersburg, IN 47172
      View Details
    • Value Estimation by Request
      4,692 SF

      300 Hunter Station Way

      Office Spaces
      300 Hunter Station Way, Sellersburg, IN 47172
      View Details
    • Value Estimation
      $1,300,000
      11,847 SF

      7117 Hwy 311

      MEDICAL BUILDING
      7117 Hwy 311, Sellersburg, IN 47172-2043
      View Details

    Similar Nearby for Sale

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      Sellersburg Industrial Park Commercial Property

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      New Commercial Building For Sale

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    • $39,999
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      Sellersburg Flex Space Opportunity

      Flex space with garage in downtown Sellersburg, Indiana.
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      Sellersburg Retail Space - Highway 311

      High-traffic location, excellent investment opportunity.
      7311 Highway 311, Sellersburg, IN 47172
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      Downtown Office & Apartment Building

      Renovated office and apartment building in Sellersburg's Downtown District.
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    Similar Nearby for Lease

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      Modern Industrial Facility in Sellersburg

      Like-new industrial facility with office and warehouse space for lease.
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      E. Utica Flex Space Available

      4,590 SF flex space with drive-in doors for rent.
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      Finished and Unfinished Space Available

      Retail or office space available on heavily traveled road.
      324 N Indiana Ave, Sellersburg, IN 47172
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    • New
      Contact for pricing
      4,968 SF

      Flexible Office-Retail Space

      Flexible layout with large windows and ample parking, suited for office, retail, service, or medical use.
      7225 Novas Lndg, Sellersburg, IN 47172
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    • Contact for pricing
      2,150 SF

      Finished Retail Space on Highway

      Finished and unfinished retail space on a high-traffic road.
      324-326 N Indiana Ave, Sellersburg, IN 47172
      View Details
    • Contact for pricing

      Retail Pad Sites For Lease

      Retail pad sites available for ground lease or build-to-suit.
      7312 Apple Leaf Ln, Sellersburg, IN 47172
      View Details
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    Sellersburg, IN 47172
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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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