Mixed-Use Campus With Event
For Sale
$5,945,000
Pending
5775 E Moyer Drive, Terre Haute, IN 47802
COMMERCIAL, Terre Haute, IN
Property Size31,000 SF
Lot Size133.00 Acres
Days on Market167
Property Features for 5775 E Moyer Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Lot features
Near Airport, Near College Campus, On College Campus, Rural
Directions
I-70 to SR 46, follow GPS to Subject
Subdivision
Vigo County
Standard status
Pending
APN
84-10-08-100-001.000-009
Lot size
133.00 Acres
Taxes and HOA fees
Tax Year
4051
Tax Description
Legal description to be inserted in deed.
Legal Description
Legal description to be inserted in deed.
Utilities
Cooling system
Central Air
Water front features
Pond
Water front
1
Building Details
Year built
1985
Flooring type
Carpet, Tile - Ceramic, Concrete, Tile
Roof type
Rubber
Listing Agency:
Coldwell Banker Real Estate Gr
(260) 432-0531
Listed By:
Troy Helman · License #RB14036391
(812) 243-1492
Added: Mar 31
Changed: Sep 12
Last Checked: Sep 13 at 7:06PM
MLS# 202610727
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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.
This mixed-use campus occupies 133 acres across five parcels and includes a main building with approximately 31,000 GBA. The interior combines production areas, laboratories, large event spaces, and a dedicated event venue. Flooring includes ceramic tile, concrete, carpet, and tile, while central air conditioning serves the building. Off-street parking and a pond are also present on the property.
The property is located at 5775 E Moyer Drive in Terre Haute, Indiana, near major interstates, retail, a casino, and the airport. Indianapolis is identified as approximately 70 miles away. The campus includes a rubber roof and was built in 1985.
The property is located at 5775 E Moyer Drive in Terre Haute, Indiana, near major interstates, retail, a casino, and the airport. Indianapolis is identified as approximately 70 miles away. The campus includes a rubber roof and was built in 1985.
Key Highlights
- 133 acres across five parcels
- Main building contains approximately 31,000 GBA
- Production areas and laboratory space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$239,382
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,787,640
$4.8M
Cap Rate 7%
$3,419,743
$3.4M
Cap Rate 9%
$2,659,800
$2.7M
Market Conditions
NOI Build-Up for 31,000 SF
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.
Gross rent
$435.2K $14.04/SF
− Vacancy
−$52.2K −$1.68/SF
EGI
$383.0K $12.36/SF
− OpEx
−$143.6K −$4.63/SF
NOI
$239.4K $7.72/SF
Area
Vigo County, IN
Vacancy
12.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,787,640
Cap Rate 7%
$3,419,743
Cap Rate 9%
$2,659,800
Alternative Uses
Best Use
Industrial
$18.43M
$16.13M – $21.50M
NOI $1,290,011 @ 7.0% cap · market cap 21.70%
Second Best
Mixed Use
$3.42M
$2.99M – $3.99M
NOI $239,382 @ 7.0% cap · market cap 4.03%
Theoretical Best
Warehouse
$22.38M
$19.58M – $26.11M
NOI $1,566,442 @ 7.0% cap · market cap 26.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 47802, IN
34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Large mixed-use campus with production areas, laboratories, event spaces, and central air conditioning.
Where is this mixed-use property located?
The property is located at 5775 E Moyer Drive Terre Haute, IN.
What is the asking price?
The asking price for this property is $5,945,000.
What are key features of this property?
This property features: 133 acres across five parcels; Main building contains approximately 31,000 GBA; Production areas and laboratory space
