Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 Industrial Dr Terre Haute, IN 47802-9828

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Industrial Dr Terre Haute, IN 47802-9828

    View on Map
    • Office properties & Spaces
    • 12,876 SF
    • 67.51 lot acres
    Off-Market
    Property ID
    US31-3034123
    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
    $1,565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Casey's / Gas Station
    • Casies / Warehouse & Storage

    Property Details for 400 Industrial Dr

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    67.51 lot acres
    Property size
    12,876 SF
    Property type
    Office properties & Spaces
    APN
    84-13-04-300-008.000-024
    APU
    841304300008000024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,530,000
      7%
      $1,420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,414,000
      Market price range: $284k - $1.41M
      AI Estimate
      $1,753,000
      Market price range: $467k - $1.75M

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4235
    Latitude
    39.3404
    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
    $337,524
    $1,403,300
    $13,675,400
    $15,078,700
    -
    $1,403,300
    $13,675,400
    $15,078,700

    Comparable in this City

    • Value Estimation by Request
      468 SF

      2918 7th St

      OFFICE (GENERAL) • 468 SF
      2918 7th St, Terre Haute, IN 47802-3840
      View Details
    • Value Estimation by Request
      3,400 SF

      3150 Houseman St

      OFFICE (GENERAL) • 3,400 SF
      3150 Houseman St, Terre Haute, IN 47802-8815
      View Details
    • Value Estimation
      $3,945,000
      53,449 SF

      2700 Wallace Ave

      OFFICE (GENERAL) • 53,449 SF
      2700 Wallace Ave, Terre Haute, IN 47802-2836
      View Details
    • Value Estimation by Request
      4,650 SF

      875 College Ave

      OFFICE (GENERAL) • 4,650 SF
      875 College Ave, Terre Haute, IN 47802-1223
      View Details
    • Value Estimation
      $9,140,000
      123,786 SF

      1800 6th St

      OFFICE (GENERAL) • 123,786 SF
      1800 6th St, Terre Haute, IN 47802-2304
      View Details
    • Value Estimation
      $670,000
      5,527 SF

      215 Hospital Ln

      OFFICE (GENERAL) • 5,527 SF
      215 Hospital Ln, Terre Haute, IN 47802-4248
      View Details

    Similar Nearby for Sale

    • $315,000
      4,576 SF

      Versatile Commercial Property in Terre Haute

      Suite-configured property ideal for salon, spa, medical, or office use.
      455 West Springhill Dr, Terre Haute, IN 47802
      View Details
    • $579,900
      3,600 SF

      Terre Haute Investment Opportunity

      Three-building commercial package with retail, rental, and residential potential.
      3403 S 7Th St, Terre Haute, IN 47802
      View Details
    • $1,600,000
      1.31 Acres

      Remodeled Office Building Investment Opportunity

      5,600 SF commercial building with long-term tenant in place.
      525 W Honey Creek Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing
      12,180 SF

      Versatile Commercial Property on US-41

      1.29-acre property with showroom, office, and warehouse space.
      5015 S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $215,000
      2,700 SF

      Terre Haute Commercial Property US41

      Commercial property with warehouse component, ideal for service-based businesses.
      10524 S Us 41 Hwy, Terre Haute, IN 47802
      View Details
    • $199,900
      4,692 SF

      Versatile Mixed-Use Property, Terre Haute

      Former church suitable for various commercial or community purposes.
      1442 S 10Th St, Terre Haute, IN 47802
      View Details

    Similar Nearby for Lease

    • $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
      View Details
    • $1,734 /Mo

      Retail/Service Space For Rent

      High-traffic location ideal for retail, restaurant, or office.
      688 E Springhill Dr, Terre Haute, IN 47802
      View Details
    • $4,500 /Mo
      17,424 SF

      New Flex Space in Terre Haute

      Brand-new flex space with office and warehouse in Terre Haute.
      1460 Washington Ave, Terre Haute, IN 47802
      View Details
    • $1,500 /Mo

      Retail/Office Space in Terre Haute

      2,430 sq ft retail or office space in active district.
      3175 S 3Rd Pl, Terre Haute, IN 47802
      View Details
    • $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
    • $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
    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.
    400 Industrial Dr
    Terre Haute, IN 47802-9828
    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.
    Sign Up Successful!
    You now have access to more from Realmo!