Versatile Industrial Property with
10105 Hedden Rd, Evansville, IN 47725
Industrial building with office, showroom, and secured outdoor storage.
Type:Industrial
Property size:
8,736 SFLot size:
1.44 AcresPrice / SF:
$160/SF- Added:
- Mar 10, 2026
- Days on Market:
- 110
- Last Refresh:
- Mar 19 at 10:22 pm
Property Features for 10105 Hedden Rd
General Information
- Standard status
- Active
- Size
- 8,736 SF
- Lot size
- 1.44 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing office Woodward Commercial Realty Inc
Listing date Mar 10, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Woodward Commercial Realty Inc
HighLights
- Expansive 50,000+ SF secured, paved outdoor storage area with perimeter fencing and lighting.
- Versatile 8,736 SF industrial building with office, showroom, and warehouse space.
- Flexible interior layout with both private offices and open workspace.
- First floor includes dedicated showroom/classroom space and customer waiting area.
- Located on Evansville’s north side in a strong industrial corridor.
- Potential for future warehouse expansion on the property.
Overview
This versatile industrial property, located on Evansville’s north side, offers 8,736 square feet of total space designed to accommodate a wide range of business needs. The first floor totals 5,536 square feet, consisting of approximately 1,762 square feet of office space, approximately 1,870 square feet of potential showroom or classroom space, approximately 1,774 square feet of warehouse space, and a 130 square foot customer waiting area. The upstairs provides an additional 3,200 square feet, configured with a mix of private offices and open space suitable for cubicles or team workstations. The property also features an impressive 50,000+ square foot paved outdoor storage area, fully secured with perimeter fencing and lighting, making it ideal for equipment, vehicles, or material storage. This space also provides opportunities for future warehouse expansion. Up to approximately 1.44 acres of additional land are available, depending on tenant requirements and intended use. The property combines flexible interior space with expansive outdoor capacity in a strong industrial corridor.
Local Financial Insights For Retail
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 | $188.7k | $21.60 |
| − Vacancy | −$19.4k | −$2.22 |
| EGI | $169.3k | $19.38 |
| − OpEx | −$50.8k | −$5.81 |
| NOI | $118.5k | $13.56 |
8,736 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,483 @ 7.0% cap · market cap 8.46%
Second Best
Office B
$1.52M
$1.33M – $1.77M
NOI $106,300 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,814 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
RRM Logistics, LLC
Freight Service
Giant Oil Indiana, ...
Gas Station
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5021454
- Latitude
- 38.0701548
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Industrial building with office, showroom, and secured outdoor storage.
Where is this flex space located?
The property is located at 10105 Hedden Rd Evansville, IN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Expansive 50,000+ SF secured, paved outdoor storage area with perimeter fencing and lighting.; Versatile 8,736 SF industrial building with office, showroom, and warehouse space.; Flexible interior layout with both private offices and open workspace.
