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    1002 Boggstown Rd Shelbyville, IN 46176

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    1002 Boggstown Rd Shelbyville, IN 46176

    View on Map
    • Truck terminals
    • 30.81 lot acres
    Off-Market
    Property ID
    US31-2257761
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shotgun Farm Bird Dog Training and German Shorthaired Pointers. / Pet Store

    Property Details for 1002 Boggstown Rd

    Lot size
    30.81 lot acres
    Property type
    Truck terminals

    Description

    This exceptional 30.81-acre industrial land parcel in Shelbyville, Indiana, presents a unique investment opportunity. Located at 1002 W. Boggstown Rd, this property boasts an IG (Heavy Industrial) zoning designation and is fully serviced with utilities, making it ideal for immediate development. Priced at $120,000 per acre, the site's strategic location near I-74 and only 35 miles from the Indianapolis International Airport offers unparalleled access to major transportation corridors. Approved for truck terminal use, this land can accommodate over 600 tractor-trailer parking spaces, catering to the growing demands of logistics and distribution businesses. The property's size and infrastructure make it an attractive option for investors and companies seeking a high-capacity, strategically located operational base in a thriving industrial area. Its ready-for-development status and high capacity for truck parking positions this land as a prime asset for significant returns. The Shelby County location and proximity to major transportation hubs ensure efficient distribution and connectivity. This is a rare opportunity to acquire a substantial, fully-serviced industrial land parcel perfectly suited for a large-scale truck terminal operation. The existing zoning and infrastructure eliminate lengthy permitting processes, allowing for rapid development and immediate occupancy. This property offers a compelling investment opportunity with significant potential for long-term growth and profitability within the logistics sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.796261
    Latitude
    39.53268

    Comparable in this City

    • $550,000
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      Industrial Land For Sale

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      Shelbyville Mixed-Use Property For Sale

      4,500 sq ft mixed-use property with recent renovations.
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      45,000 SF

      Shelbyville Warehouse on 5.7 Acres

      45,000 SF warehouse with ample parking and convenient location.
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      0.26 Acres

      Residential Lots in Shelbyville, IN

      Residential lots available in Shelbyville, Indiana.
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      0.23 Acres

      Residential Lots in Shelbyville, IN

      Residential lots available for sale in Shelbyville, Indiana.
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    Similar Nearby for Sale

    • $550,000
      3.00 Acres

      Industrial Land For Sale

      3.705 acres of industrial-zoned land suitable for truck parking.
      1325 Enterprise Dr, Shelbyville, IN 46176
      View Details
    • $3,925,000
      45,000 SF

      Shelbyville Warehouse: 45,000 SF

      Spacious warehouse, 5.7 acres, excellent access.
      1805 South Miller Avenue, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      4,500 SF

      Shelbyville Mixed-Use Property For Sale

      4,500 sq ft mixed-use property with recent renovations.
      925 Virginia St, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      45,000 SF

      Shelbyville Warehouse on 5.7 Acres

      45,000 SF warehouse with ample parking and convenient location.
      1805 Miller Ave, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      0.26 Acres

      Residential Lots in Shelbyville, IN

      Residential lots available in Shelbyville, Indiana.
      Lt4 Hasecuster Ln, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Lots in Shelbyville, IN

      Residential lots available for sale in Shelbyville, Indiana.
      Lt3 Hasecuster Ln, Shelbyville, IN 46176
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Shelbyville Land For Rent

      Land available for rent in Shelbyville, Indiana.
      1840 E Michigan Rd, Shelbyville, IN 46176
      View Details
    • $13 SF/Yr
      35,310 SF

      Restaurant Space in Historic Building

      Prime restaurant space in downtown Shelbyville's historic J.G. DePrez building.
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    • $3,900 /Mo
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      Office Space in Historic Lofts

      Office floor with private offices, lab, conference, and breakroom.
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      2,840 SF

      Retail Space in Shelbyville

      Retail space available in busy Shelbyville trade area.
      2505-2519 E State Road 44, Shelbyville, IN 46176
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      Restaurant, Bar & Event Space

      Restaurant, bar, and event space at Blue Bear Golf Club.
      2660 North Riley Hwy, Shelbyville, IN 46176
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    • $195 SF/Yr
      12,000 SF

      Unique Downtown Shelbyville Office Space

      Shared and private office memberships available in downtown Shelbyville.
      110 S Harrison St, Shelbyville, IN 46176
      View Details
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    1002 Boggstown Rd
    Shelbyville, IN 46176
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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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