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    7312 Highway 311 Sellersburg, IN 47172

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    7312 Highway 311 Sellersburg, IN 47172

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    • Single family properties
    • 1,653 SF
    Off-Market
    Property ID
    US31-0371909
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Single family properties

    Property Details for 7312 Highway 311

    Year built
    1963
    Property size
    1,653 SF
    Property type
    Single family properties

    Description

    Brick ranch home off HW 311 in Sellersburg! Home has 3 bedrooms, one full bathroom, and one half bathroom. Radiant heat will keep you warm throughout the winter. Home has one attached garage and a second detached garage. Easy access onto SR 60 and I65

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.76992
    Latitude
    38.37769

    Comparable in this City

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      Downtown Office & Apartment Building

      Renovated office and apartment building in Sellersburg's Downtown District.
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      Sellersburg Industrial Property with Acreage

      14.5-acre industrial property with warehouse, office, and pond.
      11323 Highway 60, Sellersburg, IN 47172
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      Sellersburg Restaurant Property For Sale

      Restaurant property for sale in Sellersburg, Indiana, with B1 zoning.
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      Prime Commercial Land I-65 Frontage

      One acre commercial property off I-65 and Highway 60.
      7517 Highway 60, Sellersburg, IN 47172
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    • $39,999
      0.08 Acres

      Sellersburg Flex Space Opportunity

      Flex space with garage in downtown Sellersburg, Indiana.
      246 Broadway St, Sellersburg, IN 47172
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      Prime Commercial Land Opportunity

      1.133-acre commercial land parcel in high-visibility Sellersburg location.
      State Rd 60, Sellersburg, IN 47172
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    Similar Nearby for Sale

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      Downtown Office & Apartment Building

      Renovated office and apartment building in Sellersburg's Downtown District.
      301 E Utica St, Sellersburg, IN 47172
      View Details
    • Contact for pricing

      Sellersburg Industrial Property with Acreage

      14.5-acre industrial property with warehouse, office, and pond.
      11323 Highway 60, Sellersburg, IN 47172
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    • Contact for pricing

      Sellersburg Restaurant Property For Sale

      Restaurant property for sale in Sellersburg, Indiana, with B1 zoning.
      621 S Indiana Ave, Sellersburg, IN 47172
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      Prime Commercial Land I-65 Frontage

      One acre commercial property off I-65 and Highway 60.
      7517 Highway 60, Sellersburg, IN 47172
      View Details
    • $39,999
      0.08 Acres

      Sellersburg Flex Space Opportunity

      Flex space with garage in downtown Sellersburg, Indiana.
      246 Broadway St, Sellersburg, IN 47172
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      1.133-acre commercial land parcel in high-visibility Sellersburg location.
      State Rd 60, Sellersburg, IN 47172
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    Similar Nearby for Lease

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      Sellersburg Commercial Space with Drive-Thru

      2,250 SF commercial space with drive-thru in Sellersburg, IN.
      7600 In-60, Sellersburg, IN 47172
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      2,150 SF

      Finished Retail Space on Highway

      Finished and unfinished retail space on a high-traffic road.
      324-326 N Indiana Ave, Sellersburg, IN 47172
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      Sellersburg Industrial Park Vacant Lot

      3.9 acre vacant lot for lease in Sellersburg, Indiana.
      4600 Progress Way, Sellersburg, IN 47172
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      Finished and Unfinished Space Available

      Retail or office space available on heavily traveled road.
      324 N Indiana Ave, Sellersburg, IN 47172
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      1,179,983 SF

      Sellersburg Warehouse Space Available

      336,000 sq ft warehouse/distribution space for lease.
      6905 Apple Leaf Ln, Sellersburg, IN 47172
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      Retail Pad Sites For Lease

      Retail pad sites available for ground lease or build-to-suit.
      7312 Apple Leaf Ln, Sellersburg, IN 47172
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    Sellersburg, IN 47172
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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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    7312 Highway 311, Sellersburg, IN, 47172

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