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

    4945 Iowa St Clayton, IN 46118

    • Commercial real estate
    • 1,120 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jun 29, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1035188
    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

    • Commercial real estate

    Property Details for 4945 Iowa St

    Year built
    2010
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.14 lot acres
    Property size
    1,120 SF
    Property type
    Commercial real estate
    APN
    32-11-34-365-010.000-014
    APU
    321134365010000014

    Description

    This exceptional mixed-use property, constructed in 2010, presents a unique investment opportunity in the thriving town of Clayton, Indiana. Located on a 0.14-acre lot at 4945 Iowa Street, this 1,120-square-foot building enjoys a highly visible main road position, ideal for retail or office use. Currently occupied by a single business, the layout offers significant potential for conversion into multiple rental units. A savvy investor could easily partition the space to accommodate three separate businesses, maximizing rental income. The building's exterior features ample space for prominent signage, ensuring high visibility and attracting potential customers. Clayton's recent economic revitalization, including the addition of new businesses and building renovations, creates a favorable market for this property. This is a rare chance to acquire a well-situated, newer building in a growing community, offering strong potential for both immediate and long-term returns. The property's versatility and prime location make it an attractive investment for those seeking a stable and potentially high-yield asset. Don't miss this chance to capitalize on the growth and potential of Clayton, Indiana.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.5229
    Latitude
    39.6886
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $1,692
    $12,900
    $83,700
    $96,600
    -
    $12,900
    $83,700
    $96,600

    Comparable in this City

    • Value Estimation by Request
      992 SF

      Clayton Park

      COMMERCIAL (GENERAL) • 992 SF
      Clayton Park, Clayton, IN 46118
      View Details
    • Value Estimation by Request
      3,550 SF

      50 10th St

      COMMERCIAL (GENERAL) • 3,550 SF
      50 10th St, Clayton, IN 46118-9331
      View Details
    • Value Estimation by Request
      1,350 SF

      2227 County Rd 1000th S

      COMMERCIAL (GENERAL) • 1,350 SF
      2227 County Rd 1000th S, Clayton, IN 46118-9266
      View Details
    • Value Estimation by Request
      1.68 Acres

      5930 Liberty Pkwy

      COMMERCIAL (GENERAL) • 1.68 Acres
      5930 Liberty Pkwy, Clayton, IN 46118-8837
      View Details
    • Value Estimation by Request
      0.20 Acres

      Clayton, IN 46118

      COMMERCIAL (GENERAL) • 0.20 Acres
      Clayton, IN 46118
      View Details
    • Value Estimation by Request
      1,792 SF

      1800 Us Hwy 40

      COMMERCIAL (GENERAL) • 1,792 SF
      1800 Us Hwy 40, Clayton, IN 46118
      View Details

    Similar Nearby for Sale

    • $50,000
      0.98 Acres

      Nearly 1-Acre Wooded Residential Lot

      Wooded lot near Danville and Clayton, ideal for custom home.
      4190 E County Road 200 S, Clayton, IN 46118
      View Details
    • $2,500,000
      75.45 Acres

      75 Acres of Residential Lots

      75+ acres with pond, woods, pasture near Indianapolis.
      8351 S State Road 39, Clayton, IN 46118
      View Details
    • Contact for pricing

      43 Acres Commercial Land I-70

      43 acres of commercial land with I-70 access.
      2800 E County Road 1000 S, Clayton, IN 46118
      View Details
    • $250,000

      Pasture Land with Building Potential

      Two parcels of land with pasture and building potential.
      10406 Hodge Rd, Clayton, IN 46118
      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.
    4945 Iowa St
    Clayton, IN 46118
    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.