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    Property profile & analytics

    820 Mcclain Ave Scottsburg, IN 47170

    • Retail properties
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0927291
    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

    • Retail properties

    Property Details for 820 Mcclain Ave

    Lot size
    0.49 lot acres
    Property type
    Retail properties

    Description

    This exceptional Scottsburg, Indiana investment property, priced at $280,000, presents a unique opportunity. Situated on a prominent 0.49-acre lot at 820 W McClain Avenue, the property boasts 232 feet of road frontage on McClain Avenue and an additional 61 feet on Park Drive. Its strategic location offers unparalleled visibility and accessibility, being less than a quarter-mile from Interstate 65 and approximately 300 feet from the intersection of Gardner Street and State Road 31. The property includes a vacant lot, a three-bedroom home, and a three-plex office building. This versatile configuration allows for multiple uses

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.77925
    Latitude
    38.68588

    Comparable in this City

    • $950,000
      0.94 Acres

      Scottsburg Retail Complex - High Traffic

      Two Buildings, Ample Parking, Prime Location
      79 Gardner St, Scottsburg, IN 47170
      View Details
    • $350,000
      4,000 SF

      Scottsburg Retail Space - High Traffic

      Prime retail space, high visibility, 4,000 sq ft.
      79 Gardner St, Scottsburg, IN 47170
      View Details
    • $525,000
      3,700 SF

      Scottsburg Retail Property - $525K

      Prime Retail Space, Two Units, High Visibility
      969 Mcclain Ave, Scottsburg, IN 47170
      View Details
    • $234,900
      2,070 SF

      Scottsburg Retail Building - High ROI

      Three-Tenant Retail Property, Excellent Income
      179 Gardner St, Scottsburg, IN 47170
      View Details
    • $675,000
      6,904 SF

      Scottsburg Retail Building - High Traffic

      Prime Retail Space, High Visibility, 6,904 sq ft
      79 Gardner St-, Scottsburg, IN 47170
      View Details
    • $995,000
      9,180 SF

      Scottsburg Retail Building For Sale

      High-visibility retail building in Scottsburg, Indiana, available for sale.
      395 N Gardner St, Scottsburg, IN 47170
      View Details

    Similar Nearby for Sale

    • $675,000
      6,904 SF

      Scottsburg Retail Building - High Traffic

      Prime Retail Space, High Visibility, 6,904 sq ft
      79 Gardner St-, Scottsburg, IN 47170
      View Details
    • $234,900
      2,070 SF

      Scottsburg Retail Building - High ROI

      Three-Tenant Retail Property, Excellent Income
      179 Gardner St, Scottsburg, IN 47170
      View Details
    • $525,000
      3,700 SF

      Scottsburg Retail Property - $525K

      Prime Retail Space, Two Units, High Visibility
      969 Mcclain Ave, Scottsburg, IN 47170
      View Details
    • $950,000
      0.94 Acres

      Scottsburg Retail Complex - High Traffic

      Two Buildings, Ample Parking, Prime Location
      79 Gardner St, Scottsburg, IN 47170
      View Details
    • $350,000
      4,000 SF

      Scottsburg Retail Space - High Traffic

      Prime retail space, high visibility, 4,000 sq ft.
      79 Gardner St, Scottsburg, IN 47170
      View Details
    • $995,000
      9,180 SF

      Scottsburg Retail Building For Sale

      High-visibility retail building in Scottsburg, Indiana, available for sale.
      395 N Gardner St, Scottsburg, IN 47170
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      18,372 SF

      Prime Retail and Medical Space

      High-traffic location near Wal-Mart with pylon signage and ample parking.
      1603-1619 W Mcclain Ave Aka Hwy, Scottsburg, IN 47170
      View Details
    • $15 SF/Yr
      18,372 SF

      Scottsburg Retail Center Opportunity

      High-traffic retail space available now.
      1603-1619 Scottsburg In 47170, Scottsburg, IN 47170
      View Details
    • Contact for pricing
      4,016 SF

      Retail/Office Space in Scottsburg, IN

      Retail or office space with great visibility and parking.
      200 S Gardner St, Scottsburg, IN 47170
      View Details
    • $650,000

      Prime Commercial Land Near I-65

      One-acre commercial site surrounded by established businesses.
      Allen St, Scottsburg, IN 47170
      View Details
    • $65,000
      41,382 SF

      Scottsburg I-65 Retail Land Parcel

      Prime 1-acre retail site, high visibility.
      0 Allen St, Scottsburg, IN 47170
      View Details
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    820 Mcclain Ave
    Scottsburg, IN 47170
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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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