Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 Plum St Terre Haute, IN 47803-1133

    • Commercial real estate
    • 43,200 SF
    • 7.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1521451
    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

    • Modern Welding & Boiler Works / General Contractor

    Property Details for 3500 Plum St

    Year built
    1965
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.00 lot acres
    Property size
    43,200 SF
    Property type
    Commercial real estate
    APN
    84-06-13-301-001.000-002
    APU
    840613301001000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $952,000
      Market price range: $953k - $4.75M

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.3662
    Latitude
    39.4845
    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
    $8,522
    $47,800
    $221,700
    $269,500
    -
    $47,800
    $221,700
    $269,500

    Comparable in this City

    • Value Estimation by Request
      3.32 Acres

      301 Home Ave

      COMMERCIAL (GENERAL) • 3.32 Acres
      301 Home Ave, Terre Haute, IN 47803-1202
      View Details
    • Value Estimation by Request
      0.23 Acres

      2900 Wabash Ave

      COMMERCIAL (GENERAL) • 0.23 Acres
      2900 Wabash Ave, Terre Haute, IN 47803
      View Details
    • Value Estimation by Request
      3,047 SF

      2101 Hulman St

      COMMERCIAL (GENERAL) • 3,047 SF
      2101 Hulman St, Terre Haute, IN 47803-3631
      View Details
    • Value Estimation by Request
      1,482 SF

      10205 Us Hwy 40

      COMMERCIAL (GENERAL) • 1,482 SF
      10205 Us Hwy 40, Terre Haute, IN 47803
      View Details
    • Value Estimation by Request
      875 SF

      1500 25th St

      COMMERCIAL (GENERAL) • 875 SF
      1500 25th St, Terre Haute, IN 47803-1077
      View Details
    • Value Estimation by Request
      1,500 SF

      5170 Poplar Dr

      COMMERCIAL (GENERAL) • 1,500 SF
      5170 Poplar Dr, Terre Haute, IN 47803-9313
      View Details

    Similar Nearby for Sale

    • $129,900
      1.71 Acres

      Prime Terre Haute Commercial Land

      1.71 Acres, High-Traffic Location
      4355 Wabash Ave, Terre Haute, IN 47803
      View Details
    • $2,500,000
      36.83 Acres

      Hulman Street Development Land

      37 Acres near Terre Haute Airport
      0 Hulman St, Terre Haute, IN 47803
      View Details
    • $59,400
      0.46 Acres

      Residential Lot in Hawthorn Woods

      0.46 acre residential lot in Terre Haute, Indiana.
      2587 Hawthorn Woods Rd, Terre Haute, IN 47803
      View Details
    • $80,100
      1.36 Acres

      Residential Lot in Hawthorn Woods

      1.36 acre residential lot in Terre Haute, Indiana.
      2541 Birchwood Ln, Terre Haute, IN 47803
      View Details
    • $1,200,000
      18.00 Acres

      Prime Commercial Land on State Road

      18-acre commercial land with high visibility and development potential.
      1800 Block Of State Rd 46, Terre Haute, IN 47803
      View Details
    • $47,000
      0.39 Acres

      Residential Lot in Blumberg Estates

      Residential lot in Terre Haute's east side luxury community.
      2551 Wainwright Ct, Terre Haute, IN 47803
      View Details

    Similar Nearby for Lease

    • $9,200 /Mo
      145,055 SF

      Terre Haute Industrial/Warehouse Space

      Industrial/warehouse space with office, docks, and ample parking.
      5150 E Margaret Dr, Terre Haute, IN 47803
      View Details
    • Contact for pricing
      969 SF

      Meijer In-Store Retail Space

      Prime Retail, High Traffic, Midwest
      5600 New Margaret Dr, Terre Haute, IN 47803
      View Details
    • Contact for pricing

      Prime Commercial Outlot Opportunity

      0.66 AC outlot in front of Rural King.
      3235 Wabash Ave, Terre Haute, IN 47803
      View Details
    • Contact for pricing
      194,233 SF

      The Meadows Shopping Center: Terre Haute

      Prime Terre Haute Retail & Office Space
      2800 Poplar St, Terre Haute, IN 47803
      View Details
    • $1,000 /Mo
      130,680 SF

      Commercial Land Near Walmart

      Commercial land available for rent near Walmart in Terre Haute.
      E Bill Farr Dr, Terre Haute, IN 47803
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3500 Plum St
    Terre Haute, IN 47803-1133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.