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

    1412 Market St Charlestown, IN 47111

    • Commercial real estate
    • 1.21 lot acres
    For Sale
    View listing
    $139,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0389360
    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

    • Commercial real estate

    Property Details for 1412 Market St

    Lot size
    1.21 lot acres
    Property type
    Commercial real estate

    Description

    This 1.21-acre commercial property located at 1412 Market Street in Charlestown, Indiana, presents a unique investment opportunity. Currently featuring a two-bedroom, one-bathroom home with a detached one-car concrete block garage, the property offers significant redevelopment potential. The property is zoned commercial, per the city zoning department, and buyers are responsible for verifying permitted uses with the city zoning director. The seller is offering the property "as is" in an estate sale, with no contingencies accepted. Key features include a paved driveway, updated electrical service, thermopane windows, and all appliances remaining. The home boasts approximately a nine-year-old roof (per seller). The property benefits from high visibility and road frontage on a four-lane highway, near a Casey's Food Mart, ensuring excellent accessibility and exposure. Given its size and location, this property is ideal for a variety of commercial ventures. A lender letter confirming commercial lending for this specific property must accompany any purchase agreement. Serious inquiries only. Buyers are urged to independently verify all information and conduct due diligence regarding zoning and permitted uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.66948
    Latitude
    38.45927

    Comparable in this City

    • $150,000
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      Charlestown Commercial Lot - High Traffic

      Prime Charlestown Development Opportunity
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    • $3,500,000
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      Charlestown, IN: 27 Acres Development Land

      Prime Charlestown acreage, ideal for mixed-use development.
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    • $800,000
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      Charlestown Commercial Land - Highway 62

      Prime 2-acre commercial site, B1 zoning, excellent visibility.
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    • $150,000
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      Charlestown Investment Opportunity

      Prime Charlestown location, flexible zoning.
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    • $400,000
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      Charlestown Commercial Land - Hwy 62

      Prime 1.23-acre development site.
      11500 In-62, Charlestown, IN 47111
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    • $2,704,800
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      Charlestown Commercial Land - Highway 62

      Prime 11.5-Acre Commercial Plot
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      View Details

    Similar Nearby for Sale

    • $150,000
      0.92 Acres

      Charlestown Commercial Lot - High Traffic

      Prime Charlestown Development Opportunity
      Market St Unit, Charlestown, IN 47111
      View Details
    • $3,500,000
      27.24 Acres

      Charlestown, IN: 27 Acres Development Land

      Prime Charlestown acreage, ideal for mixed-use development.
      0 Coomer Way, Charlestown, IN 47111
      View Details
    • $800,000
      2.00 Acres

      Charlestown Commercial Land - Highway 62

      Prime 2-acre commercial site, B1 zoning, excellent visibility.
      7601 In-62, Charlestown, IN 47111
      View Details
    • $150,000
      0.37 Acres

      Charlestown Investment Opportunity

      Prime Charlestown location, flexible zoning.
      177 Level St, Charlestown, IN 47111
      View Details
    • $400,000
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      Charlestown Commercial Land - Hwy 62

      Prime 1.23-acre development site.
      11500 In-62, Charlestown, IN 47111
      View Details
    • $2,704,800
      11.50 Acres

      Charlestown Commercial Land - Highway 62

      Prime 11.5-Acre Commercial Plot
      62 Plot A Of 11452 Hwy, Charlestown, IN 47111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
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      Charlestown Medical Office Space

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    1412 Market St
    Charlestown, IN 47111
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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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