944 Aigner Dr Boonville, IN 47601-8471
This single-story, 1,820 square foot office building in Boonville, Indiana, presents a compelling investment opportunity. Situated on a 0.62-acre lot at 944 Aigner Drive, the property boasts two units within a single building constructed in 1983. Currently, one unit is 50% occupied by a tenant under lease until December 31, 2025, generating a gross monthly rent of $750. This leased space features multiple offices, a reception area, and a restroom. The vacant unit offers a large open space and a restroom. The property is zoned M-2 and offers significant potential for increased rental income through leasing the vacant space. The building's location just outside Boonville, in Warrick County, provides convenient access to local amenities and transportation routes. This is an excellent opportunity for investors seeking a stable income stream with potential for growth. The asking price is $150,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.