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    1412 Market St Charlestown, IN 47111
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    1412 Market St Charlestown, IN 47111

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    • Commercial land
    For Sale
    $139,900
    View Listing →
    Commercial Land with Highway Frontage For Sale
    $139,900

    Commercial Land with Highway Frontage

    1.2 acre commercial land with road frontage and existing structure.

    1412 Market Street, Charlestown, IN 47111
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1412 Market St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    NO CONTINGENCY OFFERS. (REDUCED AS OF 1/9/2022.) CONTACT THE CITY ZONING DIRECTOR FOR USEAGE FOR THIS PROPERTY. SELLER SELLING "AS IS" ESTATE SALE. 2 BDRM 1 BATH HOME. DET GARAGE. LOTS OF RD FRTG. LOOK AT THE POSSIBILITIES THIS PROP HAS TO OFFER. ZONED COMMERCIAL PER CITY ZONING. SELLER STATES A ... PPROC 9 YR OLD ROOF ? CONCRETE BLOCK ONE CAR DET GARAGE. SUPER SIZE CITY LOT 1.2 AC GREAT POTENTIAL. BUYER MUST CHECK WITH CITY ZONING DIRECTOR FOR THEIR "INTENDED USE" FOR THE PROP. LOCATION LOCATION. LOCATED ON 4 LANE HWY 3 NEAR CASEY'S FOOD MART. UPDATED ELEC SERVICE. PAVED DRIVEWAY. ALL APPLIANCES REMAIN. THERMOPANE WINDOWS. AFFORDABLE HOME WITH NICE RD FRTG. LENDER LETTER MUST BE ATTACHED TO PUR AGREEMENT STATING FOR COMMERCIAL LENDING FOR THIS SPECIFIC PROP.

    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
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.6697423
    Latitude
    38.459576

    Comparable in this City

    • Contact for pricing

      Charlestown Development Opportunity

      Prime B1 zoned land for development in Charlestown, Indiana.
      Market St Unit, Charlestown, IN 47111
      View Details
    • $899,000

      Prime Commercial Land Opportunity

      Highly visible land with development potential in growing area.
      8911 Highway 62, Charlestown, IN 47111
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    • $2,704,800

      Charlestown Commercial Land For Sale

      Prime commercial land available in Charlestown, Indiana.
      Plot A Of 11452 Hwy 62, Charlestown, IN 47111
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    • $940,800

      Prime Commercial Land For Sale

      Corner lot suitable for retail, restaurants, offices, and more.
      E Of 11452 Hwy 62, Charlestown, IN 47111
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    • Contact for pricing

      Commercial Land Near River Ridge

      6.5 acres of commercial land near River Ridge Commerce Center.
      9019 6.5 Acres, Charlestown, IN 47111
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      Charlestown Commercial Lot For Sale

      Vacant commercial lot in Charlestown, investment opportunity.
      1500 Market St, Charlestown, IN 47111
      View Details

    Similar Nearby for Sale

    • $720,300

      Charlestown Commercial Property on Highway

      Updated office on 1.5 acres, Highway 62 frontage.
      Plot B Of 11452 Hwy 62, Charlestown, IN 47111
      View Details
    • Contact for pricing

      Charlestown Development Opportunity

      Prime B1 zoned land for development in Charlestown, Indiana.
      Market St Unit, Charlestown, IN 47111
      View Details
    • Contact for pricing

      Commercial Land Near River Ridge

      6.5 acres of commercial land near River Ridge Commerce Center.
      9019 6.5 Acres, Charlestown, IN 47111
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      Charlestown Commercial Lot For Sale

      Vacant commercial lot in Charlestown, investment opportunity.
      1500 Market St, Charlestown, IN 47111
      View Details
    • Contact for pricing

      Retail Development Land For Sale

      Land for retail development with highway visibility and access.
      11500 In-62, Charlestown, IN 47111
      View Details
    • Contact for pricing

      2 Acre B1 Zoned Site

      2 acre B1 zoned development site for sale.
      7601 In-62, Charlestown, IN 47111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,200 SF

      River Ridge Parkway Opportunity

      Jeffersonville, IN commercial property
      0 Jeffersonville In, Charlestown, IN 47111
      View Details
    • Contact for pricing

      Retail Development Near River Ridge

      Retail spaces available near River Ridge Commerce Center.
      9401 County Road 403, Charlestown, IN 47111
      View Details
    • Contact for pricing
      2,000 SF

      Retail Endcap in High-Growth Area

      2,000 SF retail endcap in a growing Louisville MSA.
      80 Market St, Charlestown, IN 47111
      View Details
    View Listing
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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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