818 National Ave, Brazil, IN 47834-2704
- Retail space
- 3,898 SF
- 0.54 lot acres
Current Use by Public Records
- Retail space
Property Details for 818 National Ave
- Year built
- 2000
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.54 lot acres
- Property type
- Retail space
- APN
- 11-01-31-100-393.000-002
- APU
- 110131100393000002
Description
This exceptional retail storefront, located at 818 E National Avenue in Brazil, Indiana, presents a compelling investment opportunity. The property boasts a substantial 3,833 square feet of space within a single-tenant, free-standing building constructed in 2000. Currently occupied by AT&T Spring Mobile under a recently renewed five-year lease extending through 2029, with a further five-year option, this investment offers strong, predictable income. The property sits on a 0.54-acre lot and provides ample parking with 27 spaces. Its strategic location on Highway 40 places it within the vibrant Brazil Retail District, alongside established businesses such as Verizon, McDonald's, Pizza Hut, and Walgreens, ensuring high visibility and foot traffic. The building is zoned C and features a Net Operating Income (NOI) of $74,824, translating to an attractive 7.5% capitalization rate. The property's strong tenant, prime location, and impressive financial performance make it an ideal addition to any investment portfolio. The APN is 11-01-31-100 -393.000-002. This is a one-story building in Clay County, Indiana, zip code 47834.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $550,000
- 6.5%
- $510,000
- 7%
- $475,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $606,000
Market price range: $202k - $607k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $400,000 Current use
- AUTO REPAIR, GARAGE
- $445,000 Change: +11% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $395,000 Change: -2% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Brazil
- County
- Clay
- State
- Indiana
- Longitude
- -87.1157
- Latitude
- 39.5262
- CBSA code
- 45460
- CBSA name
- TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA
