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

    504 6th Ave Terre Haute, IN 47807-1025

    • Medical offices
    • 6,942 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1447164
    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

    • DaVita Terre Haute Dialysis / Dialysis Center / Local Medical Services
    • DaVita Terre Haute At Home / Medical Center / Local Medical Services

    Property Details for 504 6th Ave

    Year built
    2017
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.50 lot acres
    Property size
    6,942 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    84-06-16-428-012.000-002
    APU
    840616428012000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $510,000
      Current use
      RESTAURANT
      $580,000
      Change: +14% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $550,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $515,000
      Change: +1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $475,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4119
    Latitude
    39.4829
    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
    $31,228
    $42,700
    $944,900
    $987,600
    -
    $42,700
    $944,900
    $987,600

    Comparable in this City

    • Value Estimation
      $290,000
      2,602 SF

      221 19th St

      MEDICAL BUILDING • 2,602 SF
      221 19th St, Terre Haute, IN 47807-4129
      View Details
    • Value Estimation
      $270,000
      4,002 SF

      1503 Ohio St

      MEDICAL BUILDING • 4,002 SF
      1503 Ohio St, Terre Haute, IN 47807-4009
      View Details
    • Value Estimation
      $335,000
      15,924 SF

      115 Walnut St

      MEDICAL BUILDING • 15,924 SF
      115 Walnut St, Terre Haute, IN 47807-3441
      View Details
    • Value Estimation
      $240,000
      5,359 SF

      2235 Wabash Ave

      MEDICAL BUILDING • 5,359 SF
      2235 Wabash Ave, Terre Haute, IN 47807-3330
      View Details
    • Value Estimation
      $475,000
      9,076 SF

      1332 7th St

      MEDICAL BUILDING • 9,076 SF
      1332 7th St, Terre Haute, IN 47807-1004
      View Details
    • Value Estimation
      $860,000
      35,340 SF

      214 4th St

      MEDICAL BUILDING • 35,340 SF
      214 4th St, Terre Haute, IN 47807
      View Details

    Similar Nearby for Sale

    • New
      $195,000
      4,288 SF

      Downtown Terre Haute Commercial Building

      High-visibility corner location suitable for office, retail, or mixed-use.
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      Terre Haute Office Investment

      Leased office building with income potential in Terre Haute.
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      Terre Haute Office For Sale

      Office building with extra lot, sold as-is in Terre Haute.
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    • $440,000
      0.40 Acres

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant/bar with apartments in prime location.
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      0.12 Acres

      Residential Lot in Terre Haute

      Residential lot available in Terre Haute, Indiana.
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      0.91 Acres

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      Residential lots near shopping, schools, and restaurants. Build your dream home!
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    Similar Nearby for Lease

    • $2,625 /Mo

      Downtown Terre Haute Office Space

      Office space in the heart of Terre Haute's business district.
      400 Poplar St, Terre Haute, IN 47807
      View Details
    • $186 SF/Yr
      2,100 SF

      Downtown Terre Haute Coworking Space

      2100 sq ft Office, Prime Location
      400 Poplar St, Terre Haute, IN 47807
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    • $16 SF/Yr
      6,706 SF

      Downtown Terre Haute Office Suite

      Prime Office Space, 2,514 sq ft
      403 Wabash Ave, Terre Haute, IN 47807
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    • $16 SF/Yr

      Downtown Terre Haute Office Space

      Professional office space in downtown Terre Haute available for lease.
      401 Ohio St, Terre Haute, IN 47807
      View Details
    • $1,250 /Mo
      1,742 SF

      Downtown Terre Haute Office Space

      Affordable office space with utilities included in downtown Terre Haute.
      18 S 5Th St, Terre Haute, IN 47807
      View Details
    • Contact for pricing
      4,600 SF

      Retail End Cap with Patio

      Mixed-use retail and student housing complex near ISU campus.
      500 Wabash Ave, Terre Haute, IN 47807
      View Details
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    Terre Haute, IN 47807-1025
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    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
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