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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Medical Office Space
7117 Hwy 311, Sellersburg, IN 47172-2043
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-0467328
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
WOOD
Total area
11,847 SF
Lot
1.77 ac (77,188 SF)
APN
10-26-08-800-696.000-040
UPID
US31-0467328
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Candice Olund Physician
-
Dani Gogel Physician
-
Edward Jones - Financial Advisor: Nick Oakes Financial Advisor
-
Dunn Orthodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.30M
Owner & transaction history
C & C PROFESSIONALS LLC
C & C PROFESSIONALS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+108.2%
Restaurant
$1.1M
+34.7%
Retail stores
$1.0M
+30.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sellersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sellersburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,870
Tax year 2023
Assessed value
$1,684,500
Assessed 2023
Previous assessed
$1,684,500
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$265,800
Assessed improvement
$1,418,700
Land market value
$265,800
Improvement market value
$1,418,700
Total market value
$1,684,500
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,847 SF
Lot
1.77 ac (77,188 SF)
APN
10-26-08-800-696.000-040
UPID
US31-0467328
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$785,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
C & C PROFESSIONALS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
7077 OLD VINCENNES RD, FLOYDS KNOBS, IN 47119-9529
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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