4606 Charlestown Rd New Albany, IN 47150-9557
Property profile & analytics
4606 Charlestown Rd New Albany, IN 47150-9557
- Commercial land
- 1,792 SF
- 1.00 lot acres
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.
Location Intelligence
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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AI approach
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CAP approach
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Comparable approach
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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
