Property profile

6 S State St North Vernon, IN 47265

FOR LEASE
Retail space
Property ID
US31-2143868
6,000 SF 0.33 ac lot Built 2009
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity in North Vernon, Indiana, presents a 6,000 square foot strip center with 2 suites. A significant 4,780 square feet is currently vacant, offering substantial space for a single tenant or the potential to subdivide. The property boasts a highly visible location on South State Street, in the 47265 zip code, and includes 33 parking spaces for customer convenience. The 0.66-acre lot provides ample room for operations and potential expansion. The adaptable layout is perfect for various retail concepts, offering flexibility to suit diverse business needs. This property is well-maintained and ready for immediate occupancy, presenting a unique chance to establish a strong retail presence in a thriving commercial area. Its prime location and ample parking ensure high visibility and accessibility for customers. The property's modern design and functional layout make it an attractive option for businesses seeking a well-equipped and conveniently located space. Don't miss this chance to secure a prominent retail location in North Vernon.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction WOOD
Total area 6,000 SF
Lot 0.33 ac (14,200 SF)
APN 40-09-34-320-102.000-004
UPID US31-2143868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6 S State St North Vernon, IN 47265
North Vernon metro Census 960500 NORTH VERNON, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2010
4 recorded transactions
2010
Price N/A
2008
Price N/A
2007
Price N/A
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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