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Property profile & analytics
OFF-MARKET
Office Spaces

35 State St North Vernon, IN 47265-1800

3,960 SF 0.16 ac lot Built 1974
Individually Owned 10-yr Hold Free & Clear
Property ID
US31-1316090
Property summary
AI-generated overview

This 780-square-foot traditional office space, located at State Street, Unit 5 in North Vernon, Indiana, presents a fantastic leasing opportunity. Conveniently situated off State Highway 7, this single-tenant property offers easy accessibility for clients and employees. The space is zoned for commercial use, making it suitable for a variety of businesses. Inside, you'll find a well-designed layout including a welcoming lobby area, a dedicated storage closet for efficient organization, ample office space to accommodate your team, a private bathroom, and a convenient kitchenette. This all-inclusive lease simplifies your operational costs; rent covers all utilities. Tenants are solely responsible for internet connectivity (WiFi), maintaining cleanliness (janitorial services), and any additional amenities they may require. The property's prime location and comprehensive features make it an ideal choice for businesses seeking a comfortable and functional workspace in a readily accessible location. This is a single-tenant occupancy. The property is located in Jennings County. Don't miss this chance to secure this versatile and well-appointed office space.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1974
Construction WOOD
Total area 3,960 SF
Lot 0.16 ac (7,100 SF)
APN 40-09-34-330-001.000-004
UPID US31-1316090
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Larry J Greathouse · 10 yrs held
Larry J Greathouse
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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