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    1730 Springhill Dr Terre Haute, IN 47802
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    Property profile & analytics

    1730 Springhill Dr Terre Haute, IN 47802

    View on Map
    • Commercial real estate
    • 1.20 lot acres
    Off-Market
    Property ID
    US31-1630518
    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 real estate

    Property Details for 1730 Springhill Dr

    Lot size
    1.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.2-acre commercial land parcel presents a remarkable opportunity for investors and developers in Terre Haute, Indiana. Located at 1730 Springhill, Vigo County, zip code 47802 (latitude 39.4130139, longitude -87.389988), this property offers significant potential for a variety of commercial ventures. The asking price is $65,000. The expansive lot size provides ample space for construction or redevelopment, catering to a wide range of commercial uses. Its strategic location within Terre Haute offers convenient access to major transportation routes, ensuring high visibility and accessibility for any future business. The property is designated as commercial land, providing flexibility for various development plans. This is a rare opportunity to acquire a sizable, well-situated commercial lot in a growing Indiana market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate development, making it an attractive investment for those seeking a quick return. Don't miss this chance to secure a prime piece of Terre Haute real estate.

    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
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.389988
    Latitude
    39.4130139

    Comparable in this City

    • $64,900
      1.00 Acre

      Land For Sale, Terre Haute

      One acre commercial land available in Terre Haute, Indiana.
      750 W Johnson Dr, Terre Haute, IN 47802
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    • $71,900
      0.51 Acres

      Residential Lot in Lakewood Subdivision

      Residential lot suitable for building a home in Terre Haute.
      5795 Shady Grove Ct, Terre Haute, IN 47802
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    • $120,000
      0.30 Acres

      Commercial Land in Terre Haute

      Vacant lot in heavy traffic area, Terre Haute, Indiana.
      1600 S 3Rd St, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Commercial Land Near Retail Center

      Commercial land parcel near Haute Center with high traffic.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Commercial Land Near Retail Center

      Commercial land for sale near Haute Center.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Commercial Land Near Haute Center

      Commercial land suitable for service, office, or medical development.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details

    Similar Nearby for Sale

    • $64,900
      1.00 Acre

      Land For Sale, Terre Haute

      One acre commercial land available in Terre Haute, Indiana.
      750 W Johnson Dr, Terre Haute, IN 47802
      View Details
    • $71,900
      0.51 Acres

      Residential Lot in Lakewood Subdivision

      Residential lot suitable for building a home in Terre Haute.
      5795 Shady Grove Ct, Terre Haute, IN 47802
      View Details
    • $120,000
      0.30 Acres

      Commercial Land in Terre Haute

      Vacant lot in heavy traffic area, Terre Haute, Indiana.
      1600 S 3Rd St, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Commercial Land Near Retail Center

      Commercial land parcel near Haute Center with high traffic.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Commercial Land Near Retail Center

      Commercial land for sale near Haute Center.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Commercial Land Near Haute Center

      Commercial land suitable for service, office, or medical development.
      500 W Honey Creek Dr, Terre Haute, IN 47802
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      376,358 SF

      Commercial Land on US Hwy 41

      Prime commercial land for ground lease or build to suit.
      S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $3,000 /Mo

      Commercial Warehouse Building For Lease

      Well-maintained commercial warehouse building suitable for various business uses.
      1430 E Springhill Dr, Terre Haute, IN 47802
      View Details
    • $18 SF/Yr
      50,094 SF

      Terre Haute Office Space Available

      Variety of office spaces for lease in Terre Haute.
      501 E Hospital Ln, Terre Haute, IN 47802
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    • $16 SF/Yr
      40,511 SF

      Retail Space in Express Plaza

      Retail/service space available in high-traffic Terre Haute location.
      4400 S 7Th St, Terre Haute, IN 47802
      View Details
    • Contact for pricing

      Sublease Opportunity South of Terre Haute

      Former dialysis clinic available for sublease with high traffic visibility.
      1705 E Industrial Dr, Terre Haute, IN 47802
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    • $6,000 /Mo
      55,757 SF

      Spacious Office Building For Lease

      Versatile office space with ample parking and recent upgrades.
      3900 S 7Th St, 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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