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Property profile & analytics
FOR SALE
Office Spaces

1209 E Morgan St Martinsville, IN 46151

2,185 SF 0.4 ac lot Built 1978
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-2017895
Property summary
AI-generated overview

This exceptional single-tenant office building at 1209 E Morgan St presents a rare investment opportunity, hitting the open market for the first time. Built in 1978 and renovated in 2000, this 2,000 square foot property sits on a 0.4-acre lot and is zoned B2. The building boasts a classic brick exterior, ample paved parking accommodating 17 vehicles, and convenient access with four entry/exit points. Inside, you'll find a well-designed layout including a conference room, a large open flex space ideal for various uses, seven private offices, two bathrooms, and a full kitchen. The current tenant lease expires November 30, 2024; please refrain from contacting the occupants directly. Several interior walls are easily removable, offering significant flexibility to customize the space and create larger offices or work areas to suit your needs. Furthermore, a spacious attic presents potential for conversion or expansion, adding valuable square footage. This property is perfect for a variety of uses, including traditional office, medical office, or creative office space. The single-story building offers convenient access and functionality.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction WOOD
Total area 2,185 SF
Lot 0.4 ac (17,424 SF)
APN 55-09-34-370-006.000-021
UPID US31-2017895
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Doug Daniel · 11 yrs held
Doug Daniel
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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