Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3900 W Roll Ave Bloomington, IN 47403

    View on Map
    Sponsored
    For Lease
    $7 SF/Yr ($6,533 /Mo)

    Warehouse, Industrial - Bloomington, IN

    Type:Single Family Residence
    Property size:
    11,200 SF
    Lot size:
    0.82 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 3:06 pm

    Property Features for 3900 W Roll Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Light Industrial
    Rooms
    Office
    APN
    53-09-12-100-009.000-015
    Parking
    22
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Unfinished, 220 Volts, Overhead Door 1, Reception Area
    Size
    11,200 SF
    Lot size
    0.82 Acres

    Utilities

    Heating system
    Ceiling, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Laminate
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    John West

    FC Tucker/Bloomington REALTORS (812) 336-7300

    Listing agent John West (812) 336-7300 License #RB14012678

    Listing date Mar 5, 2026

    MLS# 202607050 Listing URL

    Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bloomington Warehouse with Loading Docks

    This former FedEx building offers 11,200 square feet of space, including approximately 10,000 square feet of warehouse area. The property features three overhead doors and four side-load docks. It is located in Bloomington, IN. The lot size is 0.82 acres. The zoning is light industrial. The lease structure is NNN, with taxes and CAM paid to the landlord, and the tenant responsible for providing building insurance. Taxes are $3888 per year, and CAM is 3% of the base rent. The security deposit is equal to the first month's rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Two Men and a Truck Moving and Storage

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.581088
    Latitude
    39.147612

    Nearby Similar for Lease

    • $4,200 /Mo
      3,229 SF

      Downtown Bloomington Office Space Available

      Prime office space in the heart of Bloomington.
      121 E 6Th St, Bloomington, IN 47408
      View Details
    • $1,600 /Mo
      800 SF

      Retail Space in Plaza West

      800 SF retail space in busy Bloomington center.
      2910C S Leonard Springs Rd, Bloomington, IN 47403
      View Details
    • $1,000 /Mo
      863 SF

      Retail Space on Walnut Street

      Prime retail space in Bloomington with high visibility.
      1820 S Walnut St, Bloomington, IN 47403
      View Details
    • $650 /Mo
      380 SF

      Bloomington Office Space For Rent

      Office space in Winslow Plaza with shared conference room.
      323 E Winslow Rd, Bloomington, IN 47401
      View Details
    • New
      $2,002 /Mo
      291,852 SF

      Turnkey Restaurant Space Available

      Equipped restaurant space for rent in Bloomington, Indiana.
      1713 N College Ste 3 Ave, Bloomington, IN 47404
      View Details
    • $25 SF/Yr
      2,169 SF

      Restaurant/Bar Space with Drive-Thru

      Freestanding retail space with drive-thru in Bloomington, Indiana.
      535 S Walnut St, Bloomington, IN 47401
      View Details
    • $3,000 /Mo
      2,151 SF

      Charming Office Building with Parking

      Historical schoolhouse with modern amenities, suitable for various businesses.
      4638 E State Road 45, Bloomington, IN 47408
      View Details
    • $15 SF/Yr
      3,822 SF

      South Bloomington Office Sub-Lease

      Single-level office building with flexible sub-lease terms until 2027.
      2495 S Walnut Street Pike, Bloomington, IN 47401
      View Details
    • $1.00 SF/Yr
      5,412 SF

      Furnished Office Suites Available

      Fully furnished office suites for lease with shared amenities.
      6755 S Old State 37 Rd, Bloomington, IN 47401
      View Details
    • $1,975 /Mo
      2,000 SF

      Downtown Bloomington Office/Salon Space

      Class A space suitable for office, studio, or salon.
      328 S Walnut St, Bloomington, IN 47401
      View Details
    • $1,975 /Mo
      2,000 SF

      Downtown Bloomington Office Space Available

      Class A office space in downtown Bloomington near convention center.
      328 S Walnut St, Bloomington, IN 47401
      View Details
    • $14 SF/Yr
      3,333 SF

      Bloomington Office Space Available

      3,333 SF office space for lease in Bloomington, Indiana.
      2205 W Sudbury Dr, Bloomington, IN 47403
      View Details

    FAQs

    What type of property is this?
    Warehouse - 11,200 SF warehouse with loading docks for lease.
    Where is this warehouse located?
    The property is located at 3900 W Roll Ave Bloomington, IN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Large warehouse space (approx 10,000 SF) suitable for storage or operations; - Multiple loading options with 3 overhead doors and 4 side load docks; - NNN Lease structure with predictable CAM costs (3% of base rent)
    (812) 322-1983
    Request Owner's contact information
    3900 W Roll Ave Bloomington, IN 47403
    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.
    3900 W Roll Ave
    Bloomington, IN 47403
    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
    3900 W Roll Ave Bloomington, IN 47403
    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

    We can help!
    Listing Contact
    John West
    Real Estate License ID: RB14012678
    (812) 322-1983 (812) 336-7300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!