Technical
Financial
Distress signals
Property profile

718 Main St Clay City, IN 47841

OFF-MARKET
Retail space
Property ID
US31-2586486
2,400 SF 0.07 ac lot Built 1890
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is a commercial space located on Main Street. It has been recently renovated and is configured for uses such as an esthetics or nail salon, with a waiting room, a secretary desk area, two offices, a utility room, a half bathroom, and a washer and dryer set. The building includes a well-maintained HVAC system that was installed in 2020 and is serviced biannually. A second level provides approximately 1,200 square feet of storage space, and an extra-wide back door supports movement of equipment. Parking consists of two dedicated rear spots plus ample street parking at the front, and the property sits on a 0.07-acre lot.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1890
Construction WOOD
Total area 2,400 SF
Lot 0.07 ac (2,993 SF)
APN 11-10-30-400-033.000-006
UPID US31-2586486

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Wash
  • Alternative Medicine Practice

Location

718 Main St Clay City, IN 47841-1332
Clay City metro Census 40600 TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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