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Property profile & analytics
OFF-MARKET
Retail space

4215 Sta Rd Roanoke, IN 46783-8846

2,466 SF 0.64 ac lot Built 1971
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-1759494
Property summary
AI-generated overview

This exceptional 0.64-acre commercial property at 4215 E Station Road in Roanoke, Indiana, presents a unique investment opportunity. Boasting a highly visible location along Highway 24, the property enjoys exposure to approximately 22,000 vehicles daily, ensuring significant foot traffic and brand awareness. Currently zoned for commercial use and fully equipped with all necessary utilities, this turnkey property is ideally suited for a diverse range of businesses. The existing structure, known as Nick's Junction, offers a solid foundation for a new owner to build upon its established reputation or implement a completely new concept. The property's versatility allows for various uses, including restaurants, retail establishments, or mixed-use developments. The surrounding area is experiencing a period of significant growth and revitalization, with numerous nearby properties undergoing renovations or planned upgrades, creating a dynamic and thriving commercial environment. This strategic location, coupled with the high daily traffic count and the potential for significant return on investment, makes this property an exceptionally attractive proposition for discerning investors seeking a prime commercial location in a rapidly developing town. The property's existing infrastructure and readily available utilities minimize upfront costs and allow for a swift transition into operation. This is a rare opportunity to acquire a well-positioned commercial property in a burgeoning market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction WOOD
Total area 2,466 SF
Lot 0.64 ac (28,096 SF)
APN 35-01-23-200-018.701-007
UPID US31-1759494
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
Current use
Occupant on record · Public records
  • Nick's Junction Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James A Drabenstot · 2 yrs held
James A Drabenstot
since 2023
3 recorded transactions
2023
Price N/A
2020
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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