Technical
Financial
Distress signals
Property profile

227 Water St Borden, IN 47106

OFF-MARKET
Other warehouses
Property ID
US31-2241732
2,500 SF 0.4 ac lot Built 1955
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a commercial building located in the valley of Borden, offering 2,500 square feet of interior space. The layout includes an office area of approximately 700 square feet, a half bath, and a separate storage area. The building is equipped with ductless HVAC, including ductless HVAC serving the office area. The property was remodeled in 2018 and is connected to public utilities including Borden Tri-County Water, Borden Sewer, and Duke Energy. The building is designed to be easily divisible and includes substantial on-site parking and highway road frontage. Zoning or configuration supports a range of potential uses, including retail, office, storage, and mechanical services.

Property profile

Verified
Property type Other warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1955
Construction TYPE NOT SPECIFIED
Total area 2,500 SF
Lot 0.4 ac (17,424 SF)
APN 10-16-00-300-459.000-036
UPID US31-2241732

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

227 Water St Borden, IN 47106-8810
Borden metro Census 50801 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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