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    Property profile & analytics

    300 Pike St Charlestown, IN 47111

    • Retail space
    • 2,356 SF
    • 0.33 lot acres
    For Sale
    View listing
    $269,900
    Last Sale
    Sep 28, 2023
    $263,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1307853
    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

    • Allen's Heating & Air inc / Hvac Contractor / Air Conditioning Contractor

    Property Details for 300 Pike St

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    2,356 SF
    Property type
    Retail space
    APN
    10-18-09-600-084.000-004
    APU
    101809600084000004

    Description

    This exceptional 0.33-acre industrial property, located at 300 Pike Street in Charlestown, Indiana, presents a unique investment opportunity. Situated within the Charlestown Industrial Park, this building boasts unparalleled visibility from Highway 62, ensuring high traffic exposure for your business. The property is zoned I1 (Industrial One) and is conveniently located near the new Shadow Lake Development, offering access to a growing community. The building itself features several garage spaces, including a 36 x 20 Quonset Hut garage equipped with electricity and a concrete floor, providing ample storage and workspace. Additional amenities include offices, a reception area, and a covered porch. A fenced area with a folding gate and electric slide opener enhances security. Both indoor and outdoor parking options are available. The property also features a lighted 25-foot sign facing both directions of Highway 62, maximizing visibility. The interior layout is flexible, with non-load-bearing walls that can be removed to create open space. Climate control is ensured with a central HVAC system and three mini-split systems. This property is located within the Charlestown Historical District, making it eligible for facade grants, offering potential cost savings for renovations or improvements. This is a truly remarkable opportunity to establish or expand your business in a prime Charlestown location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $280,000
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $475,000
      6.5%
      $440,000
      7%
      $405,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $210,000
      Current use
      WAREHOUSE, STORAGE
      $185,000
      Change: -13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $175,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.6627
    Latitude
    38.4337
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-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
    $2,404
    $38,100
    $57,600
    $95,700
    -
    $38,100
    $57,600
    $95,700

    Comparable in this City

    • Value Estimation
      $240,000
      4,048 SF

      101 Stacy Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,048 SF
      101 Stacy Rd, Charlestown, IN 47111
      View Details
    • Value Estimation
      $230,000
      1,334 SF

      905 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,334 SF
      905 Market St, Charlestown, IN 47111-1930
      View Details
    • Value Estimation
      $230,000
      2,701 SF

      1091 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,701 SF
      1091 Market St, Charlestown, IN 47111-1966
      View Details
    • Value Estimation
      $260,000
      1,430 SF

      320 Main Cross St

      RETAIL STORES (PERSONAL SERVICES) • 1,430 SF
      320 Main Cross St, Charlestown, IN 47111-1230
      View Details
    • Value Estimation
      $255,000
      1,246 SF

      209 Riv W Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,246 SF
      209 Riv W Rd, Charlestown, IN 47111-8844
      View Details
    • Value Estimation by Request
      5.20 Acres

      Jeffersonville In

      Individual retail properties • 33,200 SF
      0 Jeffersonville In, Charlestown, IN 47111
      View Details

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    300 Pike 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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