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Property profile & analytics

4606 Charlestown Rd New Albany, IN 47150-9557

  • Commercial land
  • 1,792 SF
  • 1.00 lot acres
OFF-MARKET
Last Sale
Jan 08, 2025
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-1773679
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

  • Christian Brothers Automotive New Albany / Auto Repair Shop

Property Details for 4606 Charlestown Rd

Year built
1940
Construction
STEEL FRAME
Lot size
1.00 lot acres
Property size
1,792 SF
Property type
Commercial land
APN
22-05-08-500-128.000-007
APU
220508500128000007

Description

This exceptional investment opportunity presents a 5,498 square foot auto shop in New Albany, Indiana, boasting a 15-year absolute NNN lease with a prominent national tenant, Christian Brothers Automotive. Built in 2022, this single-tenant property sits on a one-acre lot at 4606 Charlestown Rd, 47150, and enjoys 100% occupancy. The lease features annual rent escalations beginning in year six, providing consistent income growth. The property's strong financial performance is highlighted by a 6.25% cap rate and a substantial net operating income (NOI) of $286,800, with an asking price of $4,590,000 ($834.85/sq ft). The tenant, Christian Brothers Automotive, established in 1982, has a proven track record of success, currently operating over 275 locations nationwide and expanding rapidly. The property benefits from its strategic location within a thriving retail corridor, surrounded by major national retailers including Starbucks, Meijer, Walmart, and many more, serving a densely populated area with high average household incomes exceeding $100,000. The lease includes options extending the term up to 65 years, offering long-term stability and significant return on investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset with exceptional growth potential.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
New Albany
County
Floyd
State
Indiana
Longitude
-85.7906
Latitude
38.3546
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
$4,885
$300,000
$0.00
$300,000
-
$300,000
$0.00
$300,000
More about this property
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