New Construction Customizable Industrial
For Sale
Contact for pricing
11200 Industrial Park Dr, Elberfeld, IN 47701
100,000 SF customizable industrial building for sale or lease.
Property Size100,000 SF
Lot Size14.49 Acres
Price / SF$66.50
Days on Market1082
Property Features for 11200 Industrial Park Dr
General Information
Standard status
Active
Size
100,000 SF
Lot size
14.49 Acres
Property subtype
Industrial
Zoning
M-2
Lease Type
NNN
Building Details
Year Built
2022
Buildings
1
Stories
1
Listing Agency:
Woodward Commercial Realty Inc
Listed By:
Greg Folz · License #IN RB14046879
(812) 708-0106
Source:
Crexi
Added: Nov 4, 2023
Changed: Oct 19
Last Checked: Oct 19 at 6:21AM
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
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Investment Insights
Based on property information with market context.
This 100,000 SF shell industrial facility is new construction and ready for customization. It is strategically located within the North Warrick Industrial Park, less than 1 mile from Evansville. The building is being offered for sale or lease to potential manufacturing, warehousing, and distribution companies. The building will be finished per Tenant's specifications and can be expanded to over 287,500 SF. It features concrete tilt wall construction and is fiber ready. The property has excellent access to I-69 & I-64. It is situated on 14.49 acres, expandable to 30 acres, within a developed industrial park setting. The location benefits from a strong local industrial workforce and aggressive economic incentives.
Key Highlights
- 100,000 SF Shell Building (Expandable to 287,500 SF)
- New Construction (Built in 2022)
- Fully Customizable Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$563,203
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,264,060
$11.3M
Cap Rate 7%
$8,045,757
$8.0M
Cap Rate 9%
$6,257,811
$6.3M
Market Conditions
NOI Build-Up for 100,000 SF
Gross rent
$696.0K $6.96/SF
− Vacancy
−$33.4K −$0.33/SF
EGI
$662.6K $6.63/SF
− OpEx
−$99.4K −$0.99/SF
NOI
$563.2K $5.63/SF
Area
Warrick County, IN
Vacancy
4.80%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,264,060
Cap Rate 7%
$8,045,757
Cap Rate 9%
$6,257,811
Alternative Uses
Best Use
Warehouse
$8.05M
$7.04M – $9.39M
NOI $563,203 @ 7.0% cap · market cap 8.47%
Second Best
Industrial
$6.24M
$5.46M – $7.28M
NOI $436,590 @ 7.0% cap · market cap 6.57%
Theoretical Best
Specialty Retail
$19.79M
$17.31M – $23.08M
NOI $1,385,028 @ 7.0% cap · market cap 20.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - 100,000 SF customizable industrial building for sale or lease.
Where is this warehouse located?
The property is located at 11200 Industrial Park Dr Elberfeld, IN.
What is the asking price?
The asking price for this property is $6,650,000.
What are key features of this property?
This property features: 100,000 SF Shell Building (Expandable to 287,500 SF); New Construction (Built in 2022); Fully Customizable Building
