Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    85 Springhill Dr Terre Haute, IN 47802-5403
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    85 Springhill Dr Terre Haute, IN 47802-5403

    View on Map
    • Specialty properties
    • 16,476 SF
    • 4.99 lot acres
    Off-Market
    Property ID
    US31-1442708
    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

    • DeBaun Funeral Homes and Crematory / Social Service Agency

    Property Details for 85 Springhill Dr

    Year built
    1990
    Construction
    WOOD
    Lot size
    4.99 lot acres
    Property size
    16,476 SF
    Property type
    Specialty properties
    APN
    84-09-09-300-010.000-004
    APU
    840909300010000004

    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
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4168
    Latitude
    39.4117
    CBSA code
    45460
    CBSA name
    TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,496
    $519,900
    $1,056,000
    $1,575,900
    -
    $519,900
    $1,056,000
    $1,575,900

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      715 Washington Ave

      CHARITABLE ORGANIZATION • 0.04 Acres
      715 Washington Ave, Terre Haute, IN 47802-1229
      View Details
    • Value Estimation by Request
      0.08 Acres

      1556 13th 12th St

      CHARITABLE ORGANIZATION • 0.08 Acres
      1556 13th 12th St, Terre Haute, IN 47802-1824
      View Details
    • Value Estimation by Request
      0.12 Acres

      1552 13th St

      CHARITABLE ORGANIZATION • 0.12 Acres
      1552 13th St, Terre Haute, IN 47802-1823
      View Details
    • Value Estimation by Request
      1.08 Acres

      2600 5th St

      CHARITABLE ORGANIZATION • 1.08 Acres
      2600 5th St, Terre Haute, IN 47802-3528
      View Details
    • Value Estimation by Request
      5.00 Acres

      Gross Dr

      CHARITABLE ORGANIZATION • 5.00 Acres
      Gross Dr, Terre Haute, IN 47802
      View Details
    • Value Estimation by Request
      8.52 Acres

      Lama St

      CHARITABLE ORGANIZATION • 8.52 Acres
      Lama St, Terre Haute, IN 47802
      View Details

    Similar Nearby for Sale

    • $638,000
      1.00 Acre

      Restaurant/Bar Opportunity in Terre Haute

      Building and two houses for sale in Terre Haute, Indiana.
      2949 S 5Th St, Terre Haute, IN 47802
      View Details
    • $699,000
      1.29 Acres

      Highway Frontage Commercial Opportunity

      Flexible commercial property with showroom, office, and warehouse space.
      5015 S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $199,900

      Former Church in Terre Haute

      Former church with ample parking, suitable for various uses.
      1442 S 10Th St, Terre Haute, IN 47802
      View Details
    • $199,900
      4,692 SF

      Versatile Mixed-Use Property, Terre Haute

      Former church suitable for various commercial or community purposes.
      1442 S 10Th St, Terre Haute, IN 47802
      View Details
    • $829,000
      11,462 SF

      Versatile Building in Terre Haute

      11,462 sq ft building suitable for various purposes.
      2509 S 1St St, Terre Haute, IN 47802
      View Details
    • $159,900

      Terre Haute Fourplex For Sale

      Fourplex located in Terre Haute, Indiana available for purchase.
      1233 S 10Th St, Terre Haute, IN 47802
      View Details

    Similar Nearby for Lease

    • $1,734 /Mo

      Retail/Service Space For Rent

      High-traffic location ideal for retail, restaurant, or office.
      688 E Springhill Dr, Terre Haute, IN 47802
      View Details
    • $2,700 /Mo
      22,651 SF

      Retail Space in High Traffic Area

      Retail space available in high-traffic Terre Haute location.
      501 Honey Creek Dr, Terre Haute, IN 47802
      View Details
    • Contact for pricing
      26,320 SF

      Retail Space Near US Hwy

      Retail space available along US Hwy 41 retail corridor.
      4651 S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $4,500 /Mo
      17,424 SF

      New Flex Space in Terre Haute

      Brand-new flex space with office and warehouse in Terre Haute.
      1460 Washington Ave, Terre Haute, IN 47802
      View Details
    • $900 /Mo
      15,682 SF

      Move-in Ready Office Space

      Prime business location with high traffic frontage in Terre Haute.
      4445 South 10Th St S 10th, Terre Haute, IN 47802
      View Details
    • $1,500 /Mo

      Retail/Office Space in Terre Haute

      2,430 sq ft retail or office space in active district.
      3175 S 3Rd Pl, Terre Haute, IN 47802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85 Springhill Dr
    Terre Haute, IN 47802-5403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!