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

    7117 Hwy 311 Sellersburg, IN 47172-2043

    • Medical offices
    • 11,847 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0467328
    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

    • Candice Olund / Physician
    • Dani Gogel / Physician
    • Edward Jones - Financial Advisor: Nick Oakes / Financial Advisor
    • Dunn Orthodontics / Dental Office

    Property Details for 7117 Hwy 311

    Year built
    2021
    Construction
    WOOD
    Lot size
    1.77 lot acres
    Property size
    11,847 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    10-26-08-800-696.000-040
    APU
    102608800696000040

    Description

    This exceptional 1,738-square-foot retail or office space is located at 7117 Hwy 311 in Sellersburg, Indiana, 47172. Situated in a Class A building constructed and renovated in 2021, this single-story property offers a versatile layout suitable for various uses, including traditional, executive, medical, or creative office spaces. The space is part of a building with four total suites, and this entire 1,738 square feet is currently vacant and immediately available. The property boasts ample parking with 66 spaces available. Its zoning is C-1, and the APN is 102608800. Located in the Silver Creek Township, Clark County, IN submarket, this property benefits from its proximity to Interstate 65 and is approximately 20 minutes north of Louisville, KY. The annual property taxes are $3.94 per square foot. The Sellersburg community offers a strong local economy, supported by initiatives from the Town of Sellersburg Redevelopment Commission, focused on promoting growth and investment. This prime location and modern building make this an excellent opportunity for businesses seeking a high-quality space in a thriving community. The property is easily accessible and offers a convenient location for employees and clients alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,078,000
      Market price range: $309k - $1.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $790,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,650,000
      Change: +108% Conversion: Moderate
      RESTAURANT
      $1,065,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $830,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $785,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.7724
    Latitude
    38.3755
    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
    $46,870
    $265,800
    $1,418,700
    $1,684,500
    -
    $265,800
    $1,418,700
    $1,684,500

    Comparable in this City

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      5,371 SF

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    • Value Estimation by Request
      7,500 SF

      485 Indiana Ave

      MEDICAL BUILDING • 7,500 SF
      485 Indiana Ave, Sellersburg, IN 47172-1224
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    • Value Estimation
      $1,370,000
      25,156 SF

      130 Hunter Sta Way

      MEDICAL BUILDING • 25,156 SF
      130 Hunter Sta Way, Sellersburg, IN 47172-8930
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    • Value Estimation by Request
      2,402 SF

      809 Indiana Ave

      MEDICAL BUILDING • 2,402 SF
      809 Indiana Ave, Sellersburg, IN 47172-1613
      View Details
    • Value Estimation by Request
      2,798 SF

      113 Hunter Station Way

      Government properties • 2,798 SF
      113 Hunter Station Way, Sellersburg, IN 47172
      View Details
    • Value Estimation by Request
      84,873 SF

      400 Hunter Sta Rd

      HOMES (RETIRED, NURSING) • 84,873 SF
      400 Hunter Sta Rd, Sellersburg, IN 47172-1072
      View Details

    Similar Nearby for Sale

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      Prime 9950+ SF Office/Warehouse
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      Sellersburg Office Space - 1333 SF

      Prime Sellersburg office, ready to occupy.
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    Similar Nearby for Lease

    • $1,500,000
      6,350 SF

      Finished Retail Space on Highway

      Finished and unfinished retail space on a high-traffic road.
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    • $18 SF/Yr
      2,250 SF

      Sellersburg Commercial Space

      Prime 2,250 sq ft former pharmacy with drive-thru.
      7600 In-60, Sellersburg, IN 47172
      View Details
    • $24 SF/Yr
      40,000 SF

      Sellersburg Office Space Available

      Versatile office suites, prime location.
      11515 Us-31, Sellersburg, IN 47172
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    • $100,000
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      Sellersburg I-65 Retail Pads

      Four prime retail sites, I-65 visibility
      7312 Apple Leaf Ln, Sellersburg, IN 47172
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    • $7 SF/Yr
      60,000 SF

      Sellersburg Industrial Build-to-Suit

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    7117 Hwy 311
    Sellersburg, IN 47172-2043
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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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