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    5040 Progress Way Sellersburg, IN 47172

    • Warehouses
    • 7,500 SF
    • 3.67 lot acres
    For Sale
    View listing
    $1.00
    Value Estimation
    Last Sale
    Aug 05, 2024
    Location Intelligence
    Property ID
    US31-3227093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 5040 Progress Way

    Year built
    2019
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.67 lot acres
    Property size
    7,500 SF
    Property type
    Warehouses
    APN
    10-17-08-900-633.000-031
    APU
    101708900633000031

    Description

    This exceptional investment opportunity presents a nearly new (2019 construction) 9950+ square foot, two-story building ideally situated within the Sellersburg Industrial Park. The property boasts a spacious office area, highlighted by a 630 square foot executive suite complete with a private bathroom. A substantial clear-span warehouse complements the office space, providing ample room for various operational needs. Zoned I-2 Heavy Industrial, this location offers unparalleled access to transportation networks, being adjacent to the Clark Regional Airport and a mere 1.5 miles from Interstate 65. The 3.67-acre lot includes a significant 14,000 square foot paved parking area, partially enclosed by a chain link fence. Currently utilized by a cargo and freight trucking company, this property presents a unique chance to acquire a move-in ready building, eliminating the time and expense of new construction. The property's versatile design and prime location make it suitable for a wide range of businesses. Auction details and terms are available online. Don't miss this rare opportunity!

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.7412
    Latitude
    38.3792
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,336
    $201,600
    $577,100
    $778,700
    -
    $201,600
    $577,100
    $778,700

    Comparable in this City

    • Value Estimation
      $840,000
      40,095 SF

      Bud Prather Rd

      STORAGE YARD, OPEN STORAGE • 40,095 SF
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    • Value Estimation
      $435,000
      12,000 SF

      4711 Commerce Pass

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      4711 Commerce Pass, Sellersburg, IN 47172-1356
      View Details
    • Value Estimation
      $360,000
      8,000 SF

      7226 Novas Lndg

      WAREHOUSE, STORAGE • 8,000 SF
      7226 Novas Lndg, Sellersburg, IN 47172-1790
      View Details
    • Value Estimation
      $820,000
      48,600 SF

      3011 Progress Way

      WAREHOUSE, STORAGE • 48,600 SF
      3011 Progress Way, Sellersburg, IN 47172-2022
      View Details
    • Value Estimation
      $460,000
      14,358 SF

      609 Utica St

      STORAGE YARD, OPEN STORAGE • 14,358 SF
      609 Utica St, Sellersburg, IN 47172-1408
      View Details
    • Value Estimation by Request
      5,400 SF

      Commercial Park

      MINI-WAREHOUSE, STORAGE • 5,400 SF
      Commercial Park, Sellersburg, IN 47172
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $7 SF/Yr
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      Sellersburg Industrial Build-to-Suit

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      4600 Progress Way, Sellersburg, IN 47172
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    • $18 SF/Yr
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      Sellersburg Commercial Space

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    • $1,500,000
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      Finished and unfinished retail space on a high-traffic road.
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      View Details
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    5040 Progress Way
    Sellersburg, IN 47172
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    Realmo Value Estimation

    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.

    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.

    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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