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    Property profile & analytics

    1705 Industrial Dr Terre Haute, IN 47802

    • Medical offices
    • 7,936 SF
    • 3.19 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2751000
    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

    • Fresenius Kidney Care Vigo County / Dialysis Center

    Property Details for 1705 Industrial Dr

    Year built
    2014
    Construction
    WOOD
    Lot size
    3.19 lot acres
    Property size
    7,936 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    84-13-03-200-016.000-024
    APU
    841303200016000024

    Description

    This exceptional sublease opportunity presents a 7,936-square-foot retail building ideally suited for healthcare use. Located at 1705 E Industrial Dr, Terre Haute, IN 47802, this single-tenant property boasts excellent visibility along US 41, a major thoroughfare with an average daily traffic count of approximately 20,299 vehicles. Built in 2018, the building sits on a 3.19-acre lot and is zoned C-4. The property features a prominent monument sign along Industrial Drive, enhancing its visibility and brand recognition. The existing lease has a remaining term of just under five years. The property's APN is 84-13-03-200-016.000-024. This turnkey space offers immediate occupancy and is ready for a new tenant to establish their presence in a high-traffic area. The building's previous use as a Fresenius Dialysis Clinic speaks to its suitability for similar medical or healthcare businesses. This is a rare opportunity to acquire a well-located, modern building with significant remaining lease term in a thriving Indiana market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,050,000
      6.5%
      $965,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $798,000
      Market price range: $337k - $798k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $610,000
      Current use
      COMMERCIAL (GENERAL)
      $635,000
      Change: +5% Conversion: Easy
      RESTAURANT
      $630,000
      Change: +4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $600,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.3894
    Latitude
    39.3454
    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
    $23,831
    $158,100
    $735,000
    $893,100
    -
    $158,100
    $735,000
    $893,100

    Comparable in this City

    • Value Estimation by Request
      2,190 SF

      2940 Professional Ln

      MEDICAL BUILDING • 2,190 SF
      2940 Professional Ln, Terre Haute, IN 47802-3300
      View Details
    • Value Estimation
      $510,000
      5,427 SF

      3498 4th St

      MEDICAL BUILDING • 5,427 SF
      3498 4th St, Terre Haute, IN 47802-4168
      View Details
    • Value Estimation
      $970,000
      8,730 SF

      227 Hospital Ln

      MEDICAL BUILDING • 8,730 SF
      227 Hospital Ln, Terre Haute, IN 47802-4248
      View Details
    • Value Estimation by Request
      2,260 SF

      2112 3rd St

      MEDICAL BUILDING • 2,260 SF
      2112 3rd St, Terre Haute, IN 47802-3045
      View Details
    • Value Estimation by Request
      2,337 SF

      3396 4th St

      MEDICAL BUILDING • 2,337 SF
      3396 4th St, Terre Haute, IN 47802-5544
      View Details
    • Value Estimation by Request
      1,560 SF

      3020 7th St

      MEDICAL BUILDING • 1,560 SF
      3020 7th St, Terre Haute, IN 47802-3902
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Former Dialysis Clinic For Sublease

      Sublease opportunity: highly visible medical space near Terre Haute, Indiana.
      1705 East Industrial Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing
      7,936 SF

      Terre Haute Retail Space - Sublease

      7,936 SF Healthcare Building, High Visibility
      1705 Industrial Dr, Terre Haute, IN 47802
      View Details
    • $1,100 /Mo
      15,682 SF

      Move-in Ready Office Space

      Office space with high-traffic road frontage available for lease.
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    • $10 SF/Yr
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      Retail/Service Space in Terre Haute

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    • New
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      49,223 SF

      Versatile Commercial Space on US 41

      Flexible commercial property with warehouse space for lease on US 41.
      10524 S Us 41 Hwy, Terre Haute, IN 47802
      View Details
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    Terre Haute, IN 47802
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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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