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Property profile & analytics
OFF-MARKET
Warehouses

102 Gaslight Dr Versailles, IN 47042-9066

1,302 SF 0.54 ac lot Built 1992
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1261363
Property summary
AI-generated overview

This versatile commercial building at 102 Gaslight Drive, Versailles, Indiana, presents a unique investment opportunity. Boasting 18 individual offices, a spacious reception and waiting area, a dedicated conference room, and an open area ideal for cubicles, this property offers significant flexibility for a variety of uses. Currently, 1,450 square feet are occupied by existing tenants who are keen to remain, generating immediate income. The remaining space is readily leasable, providing substantial potential for growth. Strategically located just off US 50, this property enjoys excellent visibility and convenient access. The building features a full-size kitchen and three restrooms, situated outside a preschool area. A portion of the backyard is fenced for the preschool's use. The layout is thoughtfully designed, with the occupied spaces on opposite ends of the building, leaving the entire central section available for lease. Five separate entrances provide convenient access for tenants and clients. The property is equipped with a comprehensive fire alarm system and four independent gas HVAC systems, ensuring efficient climate control. Ample electrical capacity is available to power all offices. The 0.98-acre lot provides ample space and parking. This property is priced at $350,000 and offers a compelling combination of immediate income and significant future growth potential.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1992
Construction WOOD
Total area 1,302 SF
Lot 0.54 ac (23,392 SF)
APN 69-13-11-100-002.003-014
UPID US31-1261363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gaslight Village Manufactured Home Community Campground & RV Park
  • Gaslight Village Self Storage Storage Facility
  • Gaslight MHP LLC Storage Facility
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
FOXHOLE 83 LLC
FOXHOLE 83 LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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