11499 W Nobles Chapel Road Elberfeld, IN 47613
COMMERCIAL - Elberfeld, IN
Property Features for 11499 W Nobles Chapel Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 87-04-18-400-015.000-007
- Lot size
- 27.98 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- NE SE N S18 T4 R9 (27.978 ac+-)
- Tax Annual Amount
- 11000
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2010
- Flooring type
- Concrete
- Roof type
- Metal
Listing agent Tim Mason License #RB14024551 (812) 664-0845
Listing office RE/MAX REVOLUTION 106 S Fifth St., Princeton, IN (812) 386-3222
Listing date May 5, 2025
Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The site is located off Interstate 64, with easy access to St. Louis and Louisville, KY. The description also notes proximity to I-69 for travel toward Indianapolis, and an approximately 20-minute drive to Evansville.
This configuration can fit operators looking for an entertainment-oriented facility combined with on-site space for staff or live-in management. The presence of flexible rooms, a large kitchen, and an entertainment stage may support event-based programming, while the additional outbuildings provide room for maintenance and storage needs. The included attached home and parking can also help accommodate guests and employees during events.
Key Highlights
- 11,000 SF main building with concrete flooring, central air cooling, and a metal roof (built in 2010).
- Additional 40 x 80 building plus a 40 x 80 maintenance shop for extra workspace or storage.
- 27.978 acres with direct access off Interstate 64 for routes to St. Louis and Louisville, KY.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.4k | $20.04 |
| − Vacancy | −$15.4k | −$1.40 |
| EGI | $205.0k | $18.64 |
| − OpEx | −$71.8k | −$6.52 |
| NOI | $133.3k | $12.11 |
