1035 W Franklin St, Evansville, IN
Office space available on the desirable west side.
- Added:
- Jul 30, 2024
- Days on Market:
- 685
- Last Refresh:
- May 20 at 9:25 pm
Property Features for 1035 W Franklin St
General Information
- Standard status
- Active
- Size
- 2,375 SF
- Lot size
- 0.11 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1035 W Franklin St Contact us
Listing agent Brian Myrick License #RB17000916 (812) 474-1900
Listing office Woodward Commercial Realty, Inc. (812) 474-1900
Listing date Jul 30, 2024
Source Moodyscre
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
- Landlord will consider Tenant Improvements as part of the lease.
- Water/Sewer/Trash Included.
- Beautiful property.
- Located on desirable west side.
- See Attached Floorplan.
- Contact listing agent for showings.
Overview
Local Financial Insights For Office B
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 | $45.6k | $19.20 |
| − Vacancy | −$7.1k | −$2.98 |
| EGI | $38.5k | $16.22 |
| − OpEx | −$9.6k | −$4.06 |
| NOI | $28.9k | $12.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5793
- Latitude
- 37.9806
