Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1324 National Ave Brazil, IN 47834

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1324 National Ave Brazil, IN 47834

    View on Map
    • Parking lots & garages
    • 0.42 lot acres
    Off-Market
    Property ID
    US31-2550751
    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

    • Parking lots & garages

    Property Details for 1324 National Ave

    Year built
    1976
    Lot size
    0.42 lot acres
    Property type
    Parking lots & garages
    APN
    11-01-31-100-313.000-002
    APU
    110131100313000002

    Description

    This exceptional 0.42-acre industrial property located at 1324 E National Avenue in Brazil, Indiana, presents a unique opportunity for discerning investors and entrepreneurs. Currently vacant, this site eliminates the expense and time associated with demolition or site preparation, allowing for immediate development. The property's strategic location ensures high visibility and significant traffic flow, making it an exceptionally attractive site for a wide range of commercial ventures. Its size offers ample space for construction of a new building or expansion of an existing operation. The asking price is $499,000. This is a rare chance to acquire a ready-to-develop industrial parcel in a prime location with excellent potential for immediate return on investment. The absence of existing structures minimizes upfront costs and streamlines the development process, making this an exceptionally attractive proposition for businesses seeking a strategic location with minimal initial investment. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is zoned for industrial use.

    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
    Brazil
    County
    Clay
    State
    Indiana
    Longitude
    -87.1095
    Latitude
    39.5277
    CBSA code
    45460
    CBSA name
    TERRE HAUTE, 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
    $687
    $22,800
    $100
    $22,900
    -
    $22,800
    $100
    $22,900

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Walnut St

      PARKING LOT • 0.04 Acres
      Walnut St, Brazil, IN 47834
      View Details
    • Value Estimation by Request
      0.23 Acres

      Walnut St

      PARKING LOT • 0.23 Acres
      Walnut St, Brazil, IN 47834
      View Details
    • Value Estimation by Request
      0.25 Acres

      Church St

      PARKING LOT • 0.25 Acres
      Church St, Brazil, IN 47834
      View Details
    • Value Estimation by Request
      0.66 Acres

      Murphy

      PARKING LOT • 0.66 Acres
      Murphy, Brazil, IN 47834
      View Details
    • Value Estimation by Request
      1,310 SF

      530 Jackson St

      PARKING LOT • 1,310 SF
      530 Jackson St, Brazil, IN 47834-2651
      View Details
    • Value Estimation by Request
      0.17 Acres

      Church St

      PARKING LOT • 0.17 Acres
      Church St, Brazil, IN 47834
      View Details

    Similar Nearby for Sale

    • $215,000
      1,800 SF

      Renovated Retail Space in Brazil

      Updated retail/service building with modern amenities in prime location.
      504 W National Ave, Brazil, IN 47834
      View Details
    • $97,400
      768 SF

      Charming Retail/Service Space in Brazil

      768 SF commercial space in downtown Brazil, Indiana.
      116 S Franklin St, Brazil, IN 47834
      View Details
    • $230,000

      Versatile Commercial Building on National Avenue

      All-brick commercial building with high visibility and ample parking.
      623 W National Ave, Brazil, IN 47834
      View Details
    • $99,900
      768 SF

      Turn Key Office or Retail

      Turn key office or retail space available for sale.
      116 S Franklin St, Brazil, IN 47834
      View Details
    • $1,290,000
      2.31 Acres

      Prime Brazil Retail Opportunity

      High-traffic retail site, 2.74 acres
      1922 National Ave, Brazil, IN 47834
      View Details
    • $149,000

      Unique Commercial Property with Pool

      Commercial property with two buildings and a rare pool.
      551 E National Ave, Brazil, IN 47834
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,185 SF

      Retail Space in Prime Location

      Retail spaces available in high-traffic area near Kroger.
      631 E National Ave, Brazil, IN 47834
      View Details
    • $1,000 /Mo

      Versatile Commercial Space with Yard

      780 SF commercial space with flexible layout and fenced yard.
      623 W National Ave, Brazil, IN 47834
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1324 National Ave
    Brazil, IN 47834
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!